In the last ten years, military expenditures of NATO EU countries (according to NATO definitions and data) have increased by almost 50%, from €145 billion in 2014 to a budget forecast of €215 billion in 2023 (measured in constant 2015 prices). In this context, it is important to assess the...

Climate change and environmental degradation constitute challenging and demanding issues that need mitigation and adaptation strategies and plans, as well as scientific research to test the causality between economic growth and pollution levels. From this viewpoint, the present theoretical...

This study investigates the impact of increased carbon emissions on per capita health expenditure exploiting the panel data with Engle – Granger based cointegration test, Fully Modified Ordinary Least Square (FMOLS) and Dynamic Ordinary Least Square (DOLS) method. Data for the South Asian...

This study utilizes the DSGE model DIGNAD to assess the economic impacts of natural disasters on Madagascar. Four distinct scenarios are analyzed: the first scenario (zero scenario) simulates the effects of a natural shock occurring in 2027. The second scenario evaluates the impact of investing...

Madagascar, renownedforits rich biodiversity and abundant natural resources, faces a perplex ing paradox: the very assets that hold promise for economic advancement often present formidable barriers to development. Thisstudydelvesintotheintricatedynamicsofthe“rawmaterialcurse”in Madagascar,...

Tourism growth drives considerable shifts in environmental quality levels and natural resource exploitation patterns. This study aims to develop a theoretical perspective for the context and ‘functionality’ of ‘smart’ technologies that will remove the existing barriers of traditional...

Coastal environments, as complex systems, are a valuable natural setting where intense economic activities take place. Their environmental values have been extensively researched due to their importance in maintaining high environmental quality. This discussion paper aims to promote the concept...

The Black Sea region faces pressures on ecosystem services (ES) due to invasive species, waste, eutrophication, and biodiversity loss. We apply a stated preference technique, i.e. a choice experiment (CE), aiming to compare three hypothetical scenarios regarding the welfare impact of ES on...

In our modern world, the intensity of economic activities dominates the linkages between the natural environment and the economic system. By nature, organizations and entrepreneurs strive to gain more and advance their position in terms of competitiveness, frequently, within volatile market...