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Start date: 2024Subject: search.filters.subject.Sustainability

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    Resource rich yet debt ridden: The role of natural resources and debt servicing in sustainable economic growth
    (Elsevier BV, 2024)
    Chen, Jingquan
    ;
    Ma, Wanying
    ;
    Kchouri, Bilal
    ;
    Ribeiro-Navarrete, Samuel
    Many studies are available on the relationship between natural resources, economic growth, and sustainable development; however, studies on the influence of debt servicing and its role in sustainable economic growth in poor economies are missing. This study explores the influence of natural resources and debt servicing on the economic growth of highly indebted poor economies between 1988 and 2021, including the role of renewable electricity output. Various time-series approaches were employed, including unit root tests (ADF with and without break years, DF-GLS) and Bayer-Hanck cointegration. The empirical evidence indicates a positive contribution of natural resource rents, like natural gas and coal, to economic growth. Preliminary findings were offered by utilizing FMOLS, DOLS, and CCR, and to ascertain the precision, robustness techniques varied from parametric to nonparametric analyses were employed. Conversely, renewable electricity output reduces long-term economic growth. These outcomes were confirmed by robust regression analysis, structural breaks, simple least squares, and quantile regression. The research provides policy implications for the prudent use of external debts, natural resources, and renewable electricity output for sustainable economic growth. © 2024 Elsevier B.V., All rights reserved.
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    Stepping out of the innovation race to embrace outnovation: Fostering well-being and responsible consumption through sustainability, simplicity, authenticity, and nostalgia
    (Elsevier BV, 2025)
    Allal-chérif Oihab
    ;
    Gallego-Nicholls, José Fernando
    ;
    Carrilero-Castillo, Agustín
    ;
    Sendra Garcia, Francisco Javier
    This article theorizes and characterizes the concept of “outnovation” as an alternative or a complement to innovation within the framework of grounded theory. Outnovation consists of stepping out of the unrelenting innovation race and removing all unnecessary innovations from a product, focusing instead on sustainability, simplicity, authenticity, and nostalgia. After presenting the dangers and limits of innovative strategies and disasters resulting from poorly mastered innovations, the research studies four different cases, which examples demonstrate that not innovating or suppressing innovations is not synonymous with bankruptcy. At a time when customers are looking for more sustainable products and when many economists advocate degrowth and less unbridled consumption, companies are looking for new forms of differentiation and value creation. Outnovating is a way of getting out of the vicious circle of endless innovation and meeting United Nations' Sustainable Development Goals. © 2024 Elsevier B.V., All rights reserved.