Title : Environmental Health in Bimstec: The Roles of Forestry, Urbanization, and Financial Access Using LCC Theory, DKSE, and Quantile Regression
Authors:
- Mohammad Ridwan
- Afsana Akther
- MD Ahsanul Tamim
- Abdul Rahim Ridzuan
- Miguel Angel Esquivias
- Wisnu Wibowo
Department : Economics
Journal Name : Discover Sustainability
Kinds of Journal : Q2
Keywords:
Bimstec, Financial Inclusion, Forestry, Load Capacity Factor, Urbanization
Abstract:
In recent years, the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Region Has Faced Pressing Environmental Concern, Containing Deficiestation, Pollution, Biodiversity Department, and Increasing Vulnerability to Environmental Change. Since many members of the Countries Dependa Highly on the Bay of Bengal's Ecosystem for Livelihoods and Economic Activities, Addressing Such Environmental Challenges is Crucial for Sustainable Development. This research examines the impact of forestry, urbanization, and financial inclusion on the load capacity factor (LCF) in the period of 2000-2022. The study looks to understand the factors of Influencing Regional LCF Using Econometric Methods, such as cross-sectional dependence, slope homogeneity tests, and second-generation units of root and panel cointegration analyses. The Driscoll Kraay Standard Error (DKSE) Method Reveals a U-Shaped Connection between Income and LCF, Supporting Hypothesis of Load Capacity Curve (LCC) in the Bimstec Zone. The result indicates strong positive connections between forestry, urbanization, and lcf while highlighting the adverse effects of financial inclusion. Additional Quantile Regression (QR) Analysis for Validation Confirms The Steady U-Shaped Association between Income and LCF Across Various Quantes. The result highlights the benefits of forestry and urbanization and the drawbacks of financial inclusion and population size. This study suggests promoting sustainable forestry, Balanced Urban Development, Cautious Financial Inclusion, and Population Management, Providing Insights for PolicyMakers to develop strategies for resilience and prosperity in the Bimstec Region.
For details : https://link.springer.com/article/10.1007/s43621-024-00679-4