Promoting energy security is an effective strategy for achieving sustainable development. However, rising energy demand has raised fears about energy insecurity (EIS), which poses a significant challenge for many nations. Industrial intelligence (IndInt) can help modernize the production process by promoting energy efficiency, green technology, and cost savings. Given the importance of industrial intelligence in promoting energy security, our study investigates the impact of industrial intelligence and high-quality economic development (HQED) on EIS in China, using data from Chinese provinces from 2007 to 2017. For empirical investigation, a fixed-effects model with Driscoll-Kraay standard errors (FE-DKSEs) is employed. For the sake of robustness, feasible generalized least squares (FGLS) and panel-corrected standard errors (PCSEs) are also applied. Based on the study results, the relationship between industrial intelligence and EIS is non-linear and statistically significant. HQED and EIS are negatively associated, showing that HQED significantly contributes to mitigating EIS. Moreover, the moderating role of HQED in EIS reduction through industrial intelligence is demonstrated. Further, our study findings are robust to the inclusion of various controls. Urbanization and exports increase EIS. Industrial intelligence is helpful in achieving energy security in China. The government should devise policies that promote industrial intelligence to achieve energy security, as energy security is a prerequisite for sustainable development.
Purpose: Marriage is an infinite bond between two partners that can be caused to fail by several factors. Economic stress leads to psychological stress and in some cases, marriage dissolution. The current study investigates the impact of economic stress (measured by the unemployment rate and inflation rate) on divorce rates using Chinese province-level panel data from 2010 to 2019. Design/Methodology/Approach: The panel fixed effects (FE) model, panel random effects (RE) model, and fixed effects- Driscoll and Kraay standard errors (DKSE) model were used for empirical analysis. Findings: The research findings support the hypothesized economic stress theory of divorce by Reuben Hill. According to the empirical findings, economic stress indicators such as unemployment and inflation have a positive and significant impact on the divorce rate in China and its regions. Furthermore, urbanization, education and mobile phone variables have a positive relationship with divorce rates except for children’s dependency. Contribution to literature: Taking into account both parties' perspectives, this study contributes to the existing literature by looking at economic stress in the context of divorce. We are particularly interested in how economic stress affected the marriage relationship's quality. We investigated the relationship between the unemployment rate, inflation rate and divorce rate in China's 31 provinces for the period 2010-2019. The entire sample is then separated into three sub-samples: Eastern China, Central China and Western China.
12 December 2022 in Journal of Tourism Management Research
Tourism has been the fastest-growing sector in the world over the last decade, contributes to employment opportunities, and generates earnings in foreign currencies. Tourism intensively needs energy to promote tourist activities, which in turn causes economic growth. However, as almost all tourist activities, like hotel accommodations and transportation, strongly depend on energy use, it may contribute to increased energy consumption. Our study explores the impact of tourism on energy consumption in the BRICS (i.e., Brazil, Russia, India, China, and South Africa) by using the panel data set of 1995–2014. In this study, feasible generalized least squares (FGLS) and Panel corrected standard error (PCSE) panel regression techniques are used for empirical analysis. The results reveal that tourism has a positive and significant impact on energy consumption. Our findings are robust and unaffected by the use of various energy consumption proxies and econometric techniques. Furthermore, our findings are robust and significant due to the inclusion of various controls such as financial development, gross fixed capital formation, total population, and gross domestic product. The policy implication is that governments should promote the tourism sector as a way to boost the growth of their economies. Sustainable tourism can help these economies achieve sustainable development.
5 February 2025 in Technological and Economic Development of Economy
Export product diversification (EPD) mitigates a country’s vulnerability to global trade shocks, contributes to its high-quality economic progress, and increases its resilience. Natural resource endowment (NRE) is considered as one of the important determinants of EPD that is less explored by scholars. The contribution of NRE to EPD will remain a matter of debate in China. The paper aims to identify the drivers of the diversification of export products in China using the province level data from 2011 to 2019. It considers key determinants including foreign direct investment (FDI), human capital (HC), technological innovation (TI), and trade openness (TO). The results of the Fixed Effect-Driscoll-Kraay standard errors (FE-DKSE) indicate a positive and significant relationship between NRE and EPD. This suggests that a rise in NRE within a country promotes EPD. Furthermore, FDI, TO, TI, and HC have statistically significant positive links with EPD. Moreover, the findings of our research are consistent across all regions. The robustness analysis provides evidence that our findings are both significant and robust. The empirical findings indicate that the included variables are fundamental determinants of EPD, which provides policymakers with crucial policy implications. To encourage EPD, the government should implement policies that stimulate these determinants.