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453 result(s) for "GCC countries"
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Emerging Trends and Knowledge Structures of Urbanization and Environmental Sustainability: A Regional Perspective
More than 59 million people reside in the six member countries of the Gulf Cooperation Council (GCC) (the United Arab Emirates, Bahrain, Kuwait, Oman, Qatar, and Saudi Arabia). The rate of urbanization is more than 80% in each of these countries. To better understand the trends and knowledge structures and to aid policy design and implementation, more research is needed on the topic of urbanization in GCC countries. In order to address this knowledge gap, bibliometric analysis and scientific mapping procedures utilizing VOSviewer were employed. A total of 415 academic papers covering four decades, from 1980 to 2021, were collected from the Web of Science database and split into three time periods: 1980–2017, 2018–2019, and 2020–2021. The findings indicate that the topics related to sustainable development, environmental regulations, renewable energy, and smart cities have received the most attention. In addition, land use planning, urban growth, and energy consumption have been dominant themes over different periods. Several intertwined factors have contributed to the evolution of research over these periods. These include the widespread diffusion of the sustainability agenda, the rise of advanced ICT, and the escalating rate of urbanization. It can also be explained by the fact that the world has been grappling with numerous environmental challenges, increasingly requiring innovative solutions for sustainability. The findings of this study can be used to develop better strategies for sustainable urban development in the region.
Decoupling of Water Production and Electricity Generation from GDP and Population in the Gulf Cooperation Council (GCC) Countries
Although the Gulf Cooperation Council (GCC) countries are in an arid region with limited water resources, the per capita water and electricity consumptions are high, at 560 L/capita/day and 7000–18,000 kWh/year, respectively. Although macroscale parameters (e.g., GDP and population) have been assumed to be correlated with water and electricity demand, this study aims to verify whether this assumption still holds true. As opposed to the previous literature, this study reveals that, although water production and electricity generation had been correlated with GDP and population for years, they have been decoupled from these macroscale parameters since 2015. Such decoupling can be explained by the three phases of economic development. In the initial stage, GDP and population growth promoted rapid increases in water and electricity demands, which came down in the second stage as the consumers became satisfied with water and electricity supplies. In the third stage, the water and electricity demands were decoupled from GDP and population due to demand-management policies for environmental protection and cost saving, combined with consumers’ efforts, such as water-saving faucets and energy efficiency in homes, which indicates that microscale parameters have become more influential on water and electricity demands than macroscale parameters.
The dynamic linkage between globalization, financial development, energy utilization, and environmental sustainability in GCC countries
This study investigates the impact of globalization, financial development, and energy utilization on environmental sustainability in the Gulf Cooperation Council (GCC) countries. GCC countries are currently experiencing higher demand and utilization of energy resources, high global integration, and improvements in the financial sector that poses serious environmental sustainability challenges. We have employed a relatively comprehensive proxy, i.e., ecological footprint for environmental sustainability and more advanced and robust econometric strategies (second-generation) to examine the impact of globalization, financial development, and energy utilization on environmental sustainability in the GCC countries, which have a significant departure from the extant literature. The results of this study show that globalization, financial development, and energy utilization are significantly deteriorating the environmental quality in the GCC countries. Additionally, in order to account for the national heterogeneity, we have performed country-specific analysis and interestingly, results reveal that globalization, financial development, and energy utilization negatively influence the environmental sustainability in each sample country that is consistent with the findings of overall panel. Furthermore, the findings are robust to various robustness checks that we have performed for checking the reliability of our main findings. This study also offers some useful policy implications to the stakeholder in general and specifically concerning the GCC countries for promoting their environmental sustainability.
Do Oil Price Shocks and Other Factors Create Bigger Impacts on Islamic Banks than Conventional Banks?
The main aim of this study is to empirically examine and compares the impacts of oil price shocks, Arab revolutions, some macroeconomics, and bank-specific variables on bank profitability indicators between Conventional and Islamic banks in Gulf Cooperation Council (GCC) countries. The study employed panel Autoregressive-Distributed Lag (ARDL) techniques to examine the causal relationship both at the short and long-run. Our results reveal that most of the variables employed in our study significantly influence Return on Asset (ROA), Return on Equity (ROE), and Net Interest Margin (NIM)/ Net Profit Margin (NPM) for both Conventional Banks (CBs) and Islamic Banks (IBs) similarly in the long run. Findings from our study imply that both CBs and IBs have some similar features in nature, which could be because of the structure of the policies for IBs is in line with the regulatory framework for the CBs. The main finding from the study is the significance of oil price shock and the Arab springs that are more pronounced in CBs than IBs. Also, it can be seen that a sustainable profit of IBs is higher than CBs due to the adjustment speed of IBs to equilibrium in the presence of shock is found to be higher than CBs. Hence, our study suggests that oil price shock could be utilized for having a prudent macro regulation for the banks in GCC countries. Our findings are useful to Government officers, bankers, investors, and researchers for their decision making by estimating future trends of the profitability for both Conventional and Islamic banks in the GCC countries.
Tourism in the GCC Countries: A Comprehensive Review
The Gulf Cooperation Council (GCC) countries are becoming a pivotal center for global tourism, shifting away from their traditional dependence on oil and gas revenues. Despite the growing body of research on tourism in the GCC countries, existing studies remain fragmented and lack a cohesive, comprehensive perspective. The study aims to offer a comprehensive review of the current state of research on tourism in the GCC countries and suggest directions for future research. Using bibliographic coupling and content analysis, we identify six key dominant areas of research on Gulf tourism: employee motivation and strategy, Islamic influences, tourism policy, ecotourism and corporate governance, mega-sporting events, and destination image. We explore trends and identify research gaps, providing a nuanced overview of tourism in the GCC countries. We also present a unified framework and future research directions, paving the way for new insights in this rapidly evolving field.
The role of audit committee attributes in corporate sustainability reporting
PurposeThe purpose of this paper is to analyze the extent to which sustainability reporting by banks in the Gulf Cooperation Council (GCC) is affected by the attributes of audit committees.Design/methodology/approachThe research is positivist and quantitative, based on a cross-sectional and time series analysis of 59 banks from 2013 to 2017. A multivariate model is used to investigate the impact of selected audit committee attributes (financial expertise, size, members’ independence and meeting frequency) on sustainability reporting. The model is built on agency, legitimacy, resources and stakeholders theories.FindingsIn contrast to the hypothesis, the authors report a negative association between financial expertise and sustainability reporting. Members’ independence and meeting frequency play a positive role in determining the extent of disclosure. The control variables (bank size, age and auditor type) are positively associated with corporate sustainability reporting.Research limitations/implicationsThe main limitations of this study are related to the chosen attributes of audit committee and do not consider the board’s attributes. However, the authors believe these limitations do not affect the findings. Future research that includes more attributes when they became available will offer more insights into the role of audit committees on sustainability disclosure of financial institutions. Overcoming these limitations may make the results more generalizable.Practical implicationsThe results of this study have important implications for regulators, bank management, investors and creditors. For regulators, in the countries of the GCC and in countries like them, the findings reveal the importance of disclosure requirements. The development of disclosure requirements is likely to improve corporate sustainability reporting and reduce variations in the extent of disclosure among banks. Banks could use these results to improve their reporting to outsiders. For creditors and investors, the study improves their awareness of the importance of corporate social responsibility, corporate governance and environmental information on credit and investment decisions and encourages banks to improve their disclosures of non-financial information.Originality/valueThis research makes a contribution to the scarce literature on sustainability reporting by banks, especially in an environment where capital markets lack active institutional investors, where regulators play the dominant role in determining the extent of disclosure and where banks are the main source of external finance for the corporate sector.
The asymmetric effect of ICT on CO2 emissions in the context of an EKC framework in GCC countries: the role of energy consumption, energy intensity, trade, and financial development
This study examines how “information and communication technology (ICT)” affects carbon dioxide (CO 2 ) emissions in Gulf Cooperation Council (GCC) nations asymmetrically, controlling energy consumption, its intensity, trade, and financial development following an environmental Kuznets curve (EKC) approach. It employs panel data covering 1995–2019, 2 nd generation unit root, Westerlund cointegration tests, nonlinear pooled mean group (PMG) estimate, and Dumitrescu-Hurlin causality check. The Westerlund test validates a long-run association among variables. The study confirms the EKC proposition for the GCC countries. It reveals that a decrease in CO 2 emissions is associated with both positive and negative parts of ICT and the expansion of financial development. While per capita GDP increases pollution, squared GDP per capita reduces it; energy consumption, intensity, and trade amplify carbon emissions. D-H causality check yields several bidirectional and one-way causalities and verifies the robustness of PMG outcomes. Our findings suggest that promoting ICT becomes one of the critical techniques to decrease CO 2 emissions in GCC nations due to its significant negative influence on CO 2 emissions.
Renewable energy utilization to promote sustainability in GCC countries: policies, drivers, and barriers
There is a growing focus on the role of renewable energy (RE) policies such as feed-in tariffs (FITs), renewable portfolio standards (RPSs), subsidies, incentives, and research and development in the global energy policy mix and in promoting environmental sustainability. Although most developed countries have well-formulated RE policies, in developing countries, such policies face many barriers. This study analyzes the policies, drivers, and barriers to RE deployment for fostering environmental sustainability in the Gulf Cooperation Council (GCC) countries. In the GCC region, the need for economic diversification to reduce dependency on single resource, diminishing hydrocarbon reserve, loss of oil export revenue, climate change mitigation pledges, and abundant solar energy resource are the key drivers for diversifying energy sources to include RE. However, the apparent lack of consolidated policy framework for wide-scale RE utilization calls for a well-articulated policy to advance RE development in each member state. Although FIT and RPS approaches could be effective for initial deployment of small-scale RE projects, a competitive tendering and auctioning mechanisms are more suitable for large-scale projects. Whereas, developing effective energy codes could successfully promote RE deployment, the increased share of RE in energy supply would have synergistic impacts on the region. The GHG emissions avoidance expected to be achieved by the GCC countries will vary between 5 and 247 million tons of CO 2 equivalent by 2030. The fulfillment of inspirational RE targets for 2030 would contribute in fulfilling climate change mitigation pledges, environmental sustainability, economic growth, and generating new jobs.
Prevalence of orthodontic treatment needs in permanent dentition in the population of Gulf Cooperation Council countries: A systematic review and meta-analysis of observational studies
The aim of this systematic review and meta-analysis was to comprehensively analyze the existing information on the prevalence of the need for orthodontic treatment in the permanent dentition stage among populations in Gulf Cooperation Council (GCC) countries. For observational studies in GCC countries, the key terms were electronically searched in Science Direct, PubMed, Embase, Cochrane Reviews, Google Scholar, and Sage databases (1990–2021). The bias risk for the selected studies was evaluated using the modified Strengthening the Reporting of Observational Studies in Epidemiology statement. Thirteen studies reported on the prevalence of orthodontic treatment needs among 33,134 children in GCC countries in permanent dentition with an age range of 11–19 years satisfied the inclusion criteria. Out of the 13 studies, 9 reported on the prevalence of malocclusion, 11 reported on the prevalence of occlusal traits, and 12 reported on the prevalence of orthodontic treatment needs as per the Dental Health Component (DHC) of Index of Orthodontic Treatment Need (IOTN), 4 reported as per both DHC and Aesthetic Component (AC) of IOTN, and 1 reported as per only AC of IOTN. Meta-analysis of the included studies indicated that the pooled malocclusion prevalence rate was 10.60% (confidence interval [CI] 95%: 0.093–0.076) with 8.58% Class I (CI 95%: 0.074–0.188), 2.09% Class II (CI 95%: 0.014–0.058), and 0.93% Class III (CI 95%: 0.005–0.018) malocclusions. The most prevalent type of occlusal trait was spacing (13.10%, CI 95%: 0.018–0.169), followed by crowding (4.96%, CI 95%: 0.017–0.091). The pooled prevalence of borderline and definite needs for orthodontic treatment based on DHC and AC of IOTN was 0.82% (CI 95%: 0.014–0.035), 1.13% (CI 95%: 0.011–0.091), 4.08% (CI 95%: 0.009–0.114), and 2.06% (CI 95%: 0.002–0.048), respectively. The findings were heterogeneous ( P < 0.05). These findings indicated that the prevalence of malocclusion and orthodontic treatment needs was not high in the GCC population.
Impact of Energy Intensity and CO2 Emissions on Economic Growth in Gulf Cooperation Council Countries
This study investigates the impact of energy intensity and CO2 emissions on economic growth in Gulf Cooperation Council (GCC) countries, aiming to understand the interplay between energy consumption, environmental sustainability, and economic performance. We analyze data from 1990 to 2023 across six GCC countries. The study employs the fixed effects model, random effects model, and pooled regression model to examine the relationships between energy intensity, CO2 emissions, and GDP growth, controlling for factors such as foreign direct investment, trade openness, population, unemployment, and urbanization. Our findings reveal a significant negative impact of energy intensity on economic growth, and an increase in energy intensity is associated with a decrease of approximately 0.2969 units in GDP, indicating that higher energy consumption per unit of output hinders economic performance. While CO2 emissions positively affect growth in GCC countries, a one-unit increase in CO2 emissions is associated with an increase of approximately 0.3961 units in GDP. The study emphasizes the necessity for GCC countries to adopt sustainable energy practices to reduce energy intensity and boost economic growth. By aligning economic strategies with environmental sustainability goals, these nations can achieve long-term growth while effectively addressing the challenges of climate change. This research contributes to the ongoing discourse on sustainable development in the region and underscores the importance of harmonizing economic growth strategies with environmental objectives.