Version 1
: Received: 30 October 2024 / Approved: 31 October 2024 / Online: 31 October 2024 (13:28:58 CET)
How to cite:
Alshiqi, S.; Bekteshi, X.; Jóźwik, B.; Altin, F. G.; Dogan, M.; Petrossyants, T. The Impact of Shipping Connectivity on Environmental Quality, Financial Development, and Economic Growth in RCEP Countries. Preprints2024, 2024102559. https://doi.org/10.20944/preprints202410.2559.v1
Alshiqi, S.; Bekteshi, X.; Jóźwik, B.; Altin, F. G.; Dogan, M.; Petrossyants, T. The Impact of Shipping Connectivity on Environmental Quality, Financial Development, and Economic Growth in RCEP Countries. Preprints 2024, 2024102559. https://doi.org/10.20944/preprints202410.2559.v1
Alshiqi, S.; Bekteshi, X.; Jóźwik, B.; Altin, F. G.; Dogan, M.; Petrossyants, T. The Impact of Shipping Connectivity on Environmental Quality, Financial Development, and Economic Growth in RCEP Countries. Preprints2024, 2024102559. https://doi.org/10.20944/preprints202410.2559.v1
APA Style
Alshiqi, S., Bekteshi, X., Jóźwik, B., Altin, F. G., Dogan, M., & Petrossyants, T. (2024). The Impact of Shipping Connectivity on Environmental Quality, Financial Development, and Economic Growth in RCEP Countries. Preprints. https://doi.org/10.20944/preprints202410.2559.v1
Chicago/Turabian Style
Alshiqi, S., Mesut Dogan and Tatyana Petrossyants. 2024 "The Impact of Shipping Connectivity on Environmental Quality, Financial Development, and Economic Growth in RCEP Countries" Preprints. https://doi.org/10.20944/preprints202410.2559.v1
Abstract
This study investigates the relationship between shipping connectivity, environmental quality, financial development, and economic growth among 14 countries in the Regional Comprehensive Economic Partnership (RCEP) from 2006 to 2019. Using panel-corrected standard error, Dynamic Seemingly Unrelated Regression, and Driscoll-Kraay estimation methods, the analysis reveals that shipping connectivity significantly contributes to financial development and economic growth, while also exerting a negative impact on environmental quality. These findings underscore the dual role of shipping connectivity in fostering economic prosperity and increasing environmental challenges, highlighting the trade-offs between growth and sustainability. The study also emphasizes that as trade between RCEP countries grows, driven in part by the removal of customs tariffs, shipping activities—and consequently environmental pollution—will likely increase. To achieve sustainable development in the maritime sector, policymakers must devise strategies that maximize economic benefits while mitigating environmental harm. These strategies include promoting environmentally friendly green ports, adopting low-carbon and advanced technologies, and strengthening policies to control emissions and marine pollution. Collaboration among shipping companies, local governments, and environmental organizations is also essential.
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
