Citation

Solarin, Sakiru Adebola (2020) Towards sustainable development: A multi‐country persistence analysis of forest products footprint using a stationarity test with smooth shifts. Sustainable Development, 28 (5). pp. 1465-1476. ISSN 0968-0802

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Abstract

The human demand on forest products has been getting more significant over time as people increasingly continue to convert forests to agricultural and urban uses. The consequence of these human activities is the loss of forest resources through deforestation and forest degradation as exemplified by the continued degradation of the Amazon rainforest, which has implication for sustainable development. However, several economic aspects of forestry have not been adequately investigated in the existing literature including the persistence of forest products footprint. The importance of examining the persistence or nonstationary of forest products footprint is that it tells us whether blueprints to address the rising forest products footprint will be effective or not. The aim of this paper is to examine the nonstationarity of forest products footprint in 89 countries using a new panel stationarity test that provides for gradual breaks, heterogeneity across cross‐sectional units and cross‐sectional dependency. The results suggest significant evidence for nonstationarity of the forest products footprint. The policy implications of the results are elaborated in the body of the paper.

Item Type:	Article
Uncontrolled Keywords:	sustainable development, cross-sectional dependency, forest products footprint, gradual shifts, non stationarity
Subjects:	H Social Sciences > HC Economic History and Conditions > HC79 Special Topics. Including air pollution, automation, consumer demand, famines, flow of funds, etc.
Divisions:	Faculty of Business (FOB)
Depositing User:	Ms Rosnani Abd Wahab
Date Deposited:	16 Dec 2020 08:05
Last Modified:	16 Dec 2020 08:05
URII:	http://shdl.mmu.edu.my/id/eprint/7873

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