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Strömberg, P. M. & Bali Swain, R. (2024). Citizen monitoring in environmental disclosure: An economics perspective. Journal of Environmental Management, 356, Article ID 120567.
Open this publication in new window or tab >>Citizen monitoring in environmental disclosure: An economics perspective
2024 (English)In: Journal of Environmental Management, ISSN 0301-4797, E-ISSN 1095-8630, Vol. 356, article id 120567Article in journal (Refereed) Published
Abstract [en]

Criticism is mounting that market-led and state-led initiatives for environmental impact disclosure are too limited in scope and that they rest on too strong assumptions about the quality and impartiality of monitoring and enforcement, with resulting insufficient effect on environmental sustainability. It has been proposed that citizen monitoring may contribute to counteract this void. However, to our knowledge, policy analysis in general and economics in particular has not paid much attention to this role of citizen monitoring. This paper aims to bridge that gap from an economics lens, by exploring the dynamics of disclosing local environmental impact and the potential role of citizen monitoring in environmental policy. To this end, the paper addresses monopolistic versus pluralistic environmental disclosure, letting citizen monitoring represent the latter. The study uses the mining industry as an illustrative case, because of that sector's particular transparency challenges in international value chains, typically with strong negative local environmental impact. It is shown how pluralistic information provision such as citizen monitoring can contribute to incentivizing more reliable information provision, especially in countries with weak state institutions, which is particularly important in the case of high-risk environmental impact. The findings should be of use for shaping environmental policy, providing valuable insights for both policymakers and scholars.

Place, publisher, year, edition, pages
Elsevier, 2024
Keywords
Environmental disclosure, Citizen monitoring, Community monitoring, Environmental monitoring, Transparency, Environmental information systems
National Category
Economics
Identifiers
urn:nbn:se:sh:diva-53767 (URN)10.1016/j.jenvman.2024.120567 (DOI)38537459 (PubMedID)2-s2.0-8518895526 (Scopus ID)
Funder
Vinnova, 2020-04660Swedish Energy Agency, 2017-005068
Available from: 2024-04-02 Created: 2024-04-02 Last updated: 2024-04-10Bibliographically approved
Bali Swain, R., Lin, X. & Wallentin, F. Y. (2024). COVID-19 pandemic waves: Identification and interpretation of global data. Heliyon, 10(3), Article ID e25090.
Open this publication in new window or tab >>COVID-19 pandemic waves: Identification and interpretation of global data
2024 (English)In: Heliyon, E-ISSN 2405-8440, Vol. 10, no 3, article id e25090Article in journal (Refereed) Published
Abstract [en]

The mention of the COVID-19 waves is as prevalent as the pandemic itself. Identifying the beginning and end of the wave is critical to evaluating the impact of various COVID-19 variants and the different pharmaceutical and non-pharmaceutical (including economic, health and social, etc.) interventions. We demonstrate a scientifically robust method to identify COVID-19 waves and the breaking points at which they begin and end from January 2020 to June 2021. Employing the Break Least Square method, we determine the significance of COVID-19 waves for global-, regional-, and country-level data. The results show that the method works efficiently in detecting different breaking points. Identifying these breaking points is critical for evaluating the impact of the economic, health, social and other welfare interventions implemented during the pandemic crisis. Employing our method with high frequency data effectively determines the start and end points of the COVID-19 wave(s). Identifying waves at the country level is more relevant than at the global or regional levels. Our research results evidenced that the COVID-19 wave takes about 48 days on average to subside once it begins, irrespective of the circumstances.

Place, publisher, year, edition, pages
Elsevier, 2024
National Category
Economics
Research subject
Politics, Economy and the Organization of Society
Identifiers
urn:nbn:se:sh:diva-53528 (URN)10.1016/j.heliyon.2024.e25090 (DOI)001180923900001 ()38327425 (PubMedID)
Available from: 2024-02-13 Created: 2024-02-13 Last updated: 2024-04-05Bibliographically approved
Kar, A. K. & Bali Swain, R. (2024). Does financial inclusion improve energy accessibility in Sub-Saharan Africa?. Applied Economics, 56(49), 5789-5807
Open this publication in new window or tab >>Does financial inclusion improve energy accessibility in Sub-Saharan Africa?
2024 (English)In: Applied Economics, ISSN 0003-6846, E-ISSN 1466-4283, Vol. 56, no 49, p. 5789-5807Article in journal (Refereed) Published
Abstract [en]

We examine the nexus between financial inclusion and energy poverty. Analysing data for 27 energy-poor countries in the Sub-Saharan Africa region over 2004–2021, we employ sequential (two-stage), panel-corrected standard error (PCSE) and two-step dynamic system GMM (generalized method of moments) regression models, and control for endogeneity, CSD, slope heterogeneity as well as stationarity and cointegration patterns of the variables. Our empirical results show that financial inclusion significantly reduces energy poverty in the selected energy-poor countries. The study also finds a positive significant association between energy access and GDP per capita, while oil price and energy intensity are inversely associated with energy access. The results are robust to different control variables, estimation methods and subsamples. These findings have strong policy implications for energy-poor countries and point to the need for appropriate policies to promote financial inclusion for reducing energy poverty.

Place, publisher, year, edition, pages
Routledge, 2024
Keywords
cross-sectional dependence, energy poverty, Financial inclusion, GMM estimation, panel data
National Category
Economics
Identifiers
urn:nbn:se:sh:diva-52596 (URN)10.1080/00036846.2023.2270227 (DOI)001087144700001 ()2-s2.0-85174410513 (Scopus ID)
Funder
Swedish Energy Agency
Available from: 2023-11-01 Created: 2023-11-01 Last updated: 2024-09-17Bibliographically approved
Sepahvand, M. H., Shahbazian, R. & Bali Swain, R. (2024). Does revolution change risk attitudes?: Evidence from Burkina Faso. Journal of International Development, 36(8), 3010-3024
Open this publication in new window or tab >>Does revolution change risk attitudes?: Evidence from Burkina Faso
2024 (English)In: Journal of International Development, ISSN 0954-1748, E-ISSN 1099-1328, Vol. 36, no 8, p. 3010-3024Article in journal (Refereed) Published
Abstract [en]

A popular uprising in 2014, led to a revolution that overthrew the sitting President of Burkina Faso. We investigate if individuals' risk attitudes changed due to this revolution. We examine this impact by the main determinants of risk attitudes: gender, age and level of education. The analysis is based on unique panel survey data, allowing us to track the changes in the risk attitudes of the same individuals before, during and after the revolution. Our results suggest that individuals become risk averse during the revolution but return back to their pre-revolution risk attitudes, with a slight increase in their risk attitudes, after the revolution is over.

Place, publisher, year, edition, pages
John Wiley & Sons, 2024
Keywords
Burkina Faso, exogenous shock, revolution, risk attitudes, gender-differences, time-preferences, social media, aversion, determinants, specificity, psychology, economics, behavior, impact
National Category
Economics
Research subject
Politics, Economy and the Organization of Society
Identifiers
urn:nbn:se:sh:diva-54725 (URN)10.1002/jid.3934 (DOI)001304583300001 ()2-s2.0-85203047876 (Scopus ID)
Funder
Sida - Swedish International Development Cooperation Agency
Note

The survey was funded as part of a government cooperation project between INSD and Statistics Sweden (SCB). Statistics Sweden jointly with the World Bank provided the technical assistance. The project was financed by the Swedish International Development Cooperation Agency (Sida).

Available from: 2024-09-12 Created: 2024-09-12 Last updated: 2024-12-02Bibliographically approved
Bali Swain, R. & Nsabimana, A. (2024). Financial inclusion and nutrition among rural households in Rwanda. European Review of Agricultural Economics, 51(2), 506-532
Open this publication in new window or tab >>Financial inclusion and nutrition among rural households in Rwanda
2024 (English)In: European Review of Agricultural Economics, ISSN 0165-1587, E-ISSN 1464-3618, Vol. 51, no 2, p. 506-532Article in journal (Refereed) Published
Abstract [en]

Using Rwandan Integrated Household Living Conditions surveys (2013/2014 and 2016/17), we investigate whether financial inclusion leads to improved nutrition in rural Rwanda. Our empirical evidence shows a robust positive impact of financial inclusion by formal financial institutions, although informal institutions like tontines were ineffective in improving food expenditure or nutrition. Furthermore, the heterogeneous marginal effects of financial inclusion reduce the gender gap between the food expenditure and nutrition of female- and male-headed households. The results, hence, suggest that the country should promote formal financial inclusion to provide wide-ranging welfare effects by improving food security, nutrition and food expenditure in its rural communities.

Place, publisher, year, edition, pages
Oxford University Press, 2024
Keywords
financial inclusion, food security, nutrition, sustainable development goals, Rwanda
National Category
Economics
Identifiers
urn:nbn:se:sh:diva-53855 (URN)10.1093/erae/jbae007 (DOI)001197144900001 ()2-s2.0-85195794287 (Scopus ID)
Funder
VinnovaSwedish Research Council Formas
Available from: 2024-04-23 Created: 2024-04-23 Last updated: 2024-06-20Bibliographically approved
Huang, L., Bali Swain, R., Jeppesen, E., Cheng, H., Zhai, P., Gu, B., . . . Guo, H. (2024). Harnessing science, technology, and innovation to drive synergy between climate goals and the SDGs. Innovation, 5(6), Article ID 100693.
Open this publication in new window or tab >>Harnessing science, technology, and innovation to drive synergy between climate goals and the SDGs
Show others...
2024 (English)In: Innovation, E-ISSN 2666-6758, Vol. 5, no 6, article id 100693Article in journal, Editorial material (Other academic) Published
Place, publisher, year, edition, pages
Cell Press, 2024
National Category
Economics
Identifiers
urn:nbn:se:sh:diva-55151 (URN)10.1016/j.xinn.2024.100693 (DOI)001334471300001 ()39399226 (PubMedID)2-s2.0-85207704061 (Scopus ID)
Available from: 2024-11-01 Created: 2024-11-01 Last updated: 2024-12-09Bibliographically approved
Lin, X. & Bali Swain, R. (2024). Performance of negatively screened sustainable investments during crisis. International Review of Economics and Finance, 93, 1226-1247
Open this publication in new window or tab >>Performance of negatively screened sustainable investments during crisis
2024 (English)In: International Review of Economics and Finance, ISSN 1059-0560, E-ISSN 1873-8036, Vol. 93, p. 1226-1247Article in journal (Refereed) Published
Abstract [en]

We investigate the market performance of negatively screened environment social and governance (ESG) portfolio or sustainable investments prior to and during crisis. A general and simple method is developed under the ESG Capital Asset Pricing Model (CAPM) framework for the assessment. The novelty is that this method can be employed when the parent portfolio is not a market portfolio. In this situation, both coefficients, alpha and beta, in the reduced form of regression have special interpretations and are informative. This paper examines 24 negatively screened ESG indices from the S&P, DJSI and MSCI data across various regions, firm sizes, and criteria of screening, for 2017 to 2021. Markov Switching Autoregressive (MSAR) model is adopted to identify the crisis regime. Our results show that the negatively screened ESG indices provide positive investors’ surpluses for ESG-motivated investors during the crisis, when the corresponding parent indices are the market portfolios. For ESG investments where market portfolios are not their parent indices, half of ESG indices under consideration still provide positive surplus with similar systematic risks as their parent indices during the crisis. The remaining ESG indices under-performs but has relatively lower systematic risks, implying resilience as compared to the corresponding parent indices during the crisis. Furthermore, we demonstrate the sensitivity analysis of treating a parent index as a market portfolio.

Place, publisher, year, edition, pages
Elsevier, 2024
Keywords
COVID-19, ESG, Market portfolio, Markov-switching autoregressive models, Negatively screened, Parent index, Sustainable finance
National Category
Economics
Identifiers
urn:nbn:se:sh:diva-53832 (URN)10.1016/j.iref.2024.04.001 (DOI)001237917900001 ()2-s2.0-85189817314 (Scopus ID)
Available from: 2024-04-16 Created: 2024-04-16 Last updated: 2024-06-20Bibliographically approved
Henrysson, M., Bali Swain, R., Swain, A. & Nerini, F. F. (2024). Sustainable Development Goals and wellbeing for resilient societies: shocks and recovery. Humanities and Social Sciences Communications, 11(1), Article ID 1513.
Open this publication in new window or tab >>Sustainable Development Goals and wellbeing for resilient societies: shocks and recovery
2024 (English)In: Humanities and Social Sciences Communications, E-ISSN 2662-9992, Vol. 11, no 1, article id 1513Article in journal (Refereed) Published
Abstract [en]

The 'decade of action' intended to accomplish the ambitious 17 Sustainable Development Goals (SDGs) faces notable challenges. Our investigation into the impact of the COVID-19 crisis on SDG progress reveals important lessons for shaping effective policy interventions to ensure resilient societies and overall well-being. Through systematic mapping and a rapid review approach, our analysis reveals that nearly 90% of the SDGs, specifically 144 targets, were adversely affected by the COVID-19 pandemic. Yet, there is a glimmer of opportunity: 66 targets stand to gain from the crisis-induced transformations, provided that the right choices are made. Achieving this goal demands a comprehensive approach and decisive leadership to steer an inclusive economic recovery that also safeguards the environment while safeguarding the environment. The intricate interplay between the ongoing planetary and post-COVID-19 crises, environmental challenges, and conflicts underscores the need for a proactive, deliberate and well-informed approach, marked by collaborative decision-making, which is imperative for effectively steering the 'decade of action' toward achieving the SDGs. These complex challenges demand collective, decisive action, all with the overarching aim of securing a just and sustainable future for all.

Place, publisher, year, edition, pages
Springer Nature, 2024
National Category
Social Sciences Interdisciplinary
Identifiers
urn:nbn:se:sh:diva-55394 (URN)10.1057/s41599-024-03973-8 (DOI)001352451100005 ()2-s2.0-85209782390 (Scopus ID)
Available from: 2024-11-20 Created: 2024-11-20 Last updated: 2024-12-09Bibliographically approved
Karimu, A. & Bali Swain, R. (2023). Implication of electricity taxes and levies on sustainable development goals in the European Union. Energy Policy, 177, Article ID 113553.
Open this publication in new window or tab >>Implication of electricity taxes and levies on sustainable development goals in the European Union
2023 (English)In: Energy Policy, ISSN 0301-4215, E-ISSN 1873-6777, Vol. 177, article id 113553Article in journal (Refereed) Published
Abstract [en]

The current high electricity prices in the European Union (EU) are in part due to the high electricity taxes. United Nations’ Sustainable Development Goals (SDGs) Agenda with its global vision of attaining sustainable development especially seeks “to ensure universal access to affordable, reliable and modern energy services” (SDG 7). We investigate the synergy and trade-off effects of electricity taxes on sustainable development goals (SDGs) for the EU. Using panel data and panel vector autoregressive estimation approach, we find that higher household electricity taxes reduce both carbon emission and unemployment. Higher levels of industry electricity taxes, increase responsible production and consumption (SDG12) and reduces unemployment (SDG8). Furthermore, there is evidence for a strong synergy effect between electricity taxes, unemployment and carbon emission but a trade-off between tax and SDG9 (innovation and sustainable infrastructure). The taxes contribute more to the future variation of unemployment and responsible production and consumption in the EU, but these contributions are much larger for the industry as compared to the household sector. Our results confirm the double-dividend hypothesis, which implies that the policymakers can achieve environmental goals with higher electricity taxes, especially on household electricity. In the industrial sector, our findings suggest that there is a need for tax reform, to encourage innovation and adopt production processes that are less polluting to the environment.

Place, publisher, year, edition, pages
Elsevier, 2023
Keywords
Electricity, EU, Household, Industry, Sustainable development goals, Tax
National Category
Economics
Identifiers
urn:nbn:se:sh:diva-51367 (URN)10.1016/j.enpol.2023.113553 (DOI)000981662400001 ()2-s2.0-85152147029 (Scopus ID)
Funder
Swedish Energy Agency, 44723-1
Available from: 2023-04-21 Created: 2023-04-21 Last updated: 2023-05-22Bibliographically approved
Bali Swain, R. & Min, Y. (2023). Interlinkages and interactions among the sustainable development goals. In: Ranjula Bali Swain; Yongyi Min (Ed.), Interlinkages between the Sustainable Development Goals: (pp. 1-15). Cheltenham: Edward Elgar Publishing
Open this publication in new window or tab >>Interlinkages and interactions among the sustainable development goals
2023 (English)In: Interlinkages between the Sustainable Development Goals / [ed] Ranjula Bali Swain; Yongyi Min, Cheltenham: Edward Elgar Publishing, 2023, p. 1-15Chapter in book (Other academic)
Place, publisher, year, edition, pages
Cheltenham: Edward Elgar Publishing, 2023
Series
Interlinkages between the Sustainable Dev. Goals
Keywords
Sustainable Development Goals; Interlinkages and interconnectedness, Trade-offs, Synergies, Integrated and holistic policy making
National Category
Environmental Sciences
Identifiers
urn:nbn:se:sh:diva-52917 (URN)10.4337/9781803924946.00006 (DOI)2-s2.0-85178976069 (Scopus ID)9781803924939 (ISBN)9781803924946 (ISBN)
Available from: 2023-12-21 Created: 2023-12-21 Last updated: 2024-03-26Bibliographically approved
Organisations
Identifiers
ORCID iD: ORCID iD iconorcid.org/0000-0003-0573-5287

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