The Effect of Environmental Deterioration and Socio-Cultural Factors on Economic Sustainability in Asia Pacific Selected Countries

Noura Najia (), Hanadi Taher () and Ghassan Abed Elkader ()
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Noura Najia: PhD Candidate in Economics, Beirut Arab University, Lebanon
Hanadi Taher: Beirut Arab University, Lebanon
Ghassan Abed Elkader: Beirut Arab University, Lebanon

International Journal of Energy Economics and Policy, 2024, vol. 15, issue 1, 8-14

Abstract: Many studies and scholars focus on the impact of climate change and pollution on economic green growth, linked to cultural variables. The discussed socio-cultural factors are measured by World Values Surveys, and environmental deterioration presented as different types of pollution are both independently essential for economic sustainability. The article refers to the socio-cultural index and sustainability. Environmental deterioration index as calculated by principal component analysis; Socio-cultural index formed by culture dimensions most of them mentioned by Hofstede (1980) such as masculinity, individualism and power distance; also, social development, and life expectancy and education level. Based on Environmental Kuznets Curve, there is a strong linkage among environmental degradation and income level. This paper applies Panel data by using generalized least square estimation; due to the existence of heteroskedasticity and serial correlation validate by Durbin-Watson test and Breusch-Pagan test respectively. The data was taken from World Value Surveys and European Value Surveys for Hofstede dimensions; World Bank such as GDP per capita, FDI, life expectancy at birth, tertiary school enrollment, and land pollution; and BP statistics of world energy for CO2 over years 2000-2022. The results show negative causal relationship between socio-cultural and economic sustainability and, a positive impact of environmental deterioration on economic.

Keywords: Economic Sustainability; Social Factors; Cultural Factors; Environmental Deterioration; Kuznets Curve; Asia Pacific (search for similar items in EconPapers)
Date: 2024
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DOI: 10.32479/ijeep.17472

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