Lowry Brock (courtcopper1)

This study is conducted to address the research question of whether hydroelectricity and fossil fuels contribute to sustainable economic development in an emerging economy in this era of globalization? Further, this study applies the novel approach of Harvey unit root test which is a linearity test to predict the possible existence of non-linearity. The results confirmed that the majority of the series in this study are linear. Furthermore, the two break test is applied to investigate the integration sequence of the series. The bounds test approach confirms the existence of a long-run association among the variables. Additionally, the long-run relationship is analysed within the framework of the ARDL approach. Financial development, fossil fuel, and capital positively contribute to economic development, while the effect of hydroelectricity is insignificant. Moreover, globalization effects GDP negatively. The symmetric causality suggests a uni-directional causal movement from hydroelectricity consumption and globalization towards GDP. The outcome of the study emphasizes the importance of renewable sources such as hydropower energy for ensuring sustainable development in the presence of globalization.It is important to evaluate the impact of undesirable energy output on the climate-carrying capacity of the power grid-based economy to promote the green development. Three indicators-climate natural capacity, urban climate pressure, and urban coordinated development capacity-are used as input factors to study the climate-carrying capacity. The Nemerow index method and comprehensive evaluation method based on entropy weight are employed to calculate inputs. Pollution emissions such as carbon dioxide emissions, waste gas, wastewater, and solid waste pollution are included as energy undesirable outputs, and industry output value is included as a desirable output to calculate the non-radial directional distance of the output of climate-carrying capacity that combines desirable and undesirable outputs. The total factor non-radial directional distance function and energy-environmental non-radial directional distance function are used to obtain the efficiency index of total factor climate-carrying capacity and the efficiency of climate-carrying capacity performance, respectively. These two indices are included in the analysis to estimate the impact of energy undesirable output on climate-carrying capacity. Results from empirical analysis showed that when two types of undesirable outputs, namely waste gas and wastewater outputs, in Shanghai are constrained, the efficiency and performance efficiency of climate environmental carrying capacity are both lower than 0.8, indicating that undesirable outputs had a substantial influence on the climate-carrying capacity. In Shanghai, the major approach to improve the regional climate-carrying capacity is to improve energy efficiency and reduce undesirable outputs of power grid-based economy.The green spaces preserve natural heritage, spectacular landscapes, and wildlife habitats. By incorporating national parks, it leads to economic growth, environmental sustainability, social involvement, and provides a protected area for endangered wildlife. Nature-dependent tourism indicates a critical place within the national economy. Pakistan is tackling the tourism industry and implementing nature-related approaches using national parks. The main objective of the proposed study is to appraise the economic value of the eastern arid regions of Pakistan and determine their environmental importance. For the assessment of recreational value, the travel cost method (TCM) and the zero truncated negative binomial regression models were chosen. Recreation demand was negatively linked to salary and had a significant positive association with the place of residence, age, and length of stay. The total estimated annual consumer surplus of the parks was Rs. 3317/person, while outsider consumer surplus was Rs. 3032/person