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The Repercussions of Economic Growth, Industrialization, Foreign Direct Investment, and Technology on Municipal Solid Waste: Evidence from OECD Economies

Author

Listed:
  • Wasi Ul Hassan Shah

    (School of Management, Zhejiang Shuren University, Hangzhou 310015, China)

  • Rizwana Yasmeen

    (School of Economics and Management, Panzhihua University, Panzhihua 617000, China)

  • Muddassar Sarfraz

    (School of Management, Zhejiang Shuren University, Hangzhou 310015, China
    Muddassar Sarfraz is the first corresponding author and Larisa Ivascu is the second corresponding author.)

  • Larisa Ivascu

    (Faculty of Management in Production and Transportation, Politehnica University of Timisoara, 300191 Timisoara, Romania
    Muddassar Sarfraz is the first corresponding author and Larisa Ivascu is the second corresponding author.)

Abstract

The paper’s main objective is to evaluate the repercussions of economic growth, industrialization, and foreign direct investment (FDI) on OECD (Organization for Economic Cooperation and Development) municipal solid waste (MSW) from 2000–2020. Further study includes the role of technology in managing waste activities’ repercussions. We also explore the mediation impact of technology and industrialization with economic growth on the waste of OECD economies. The empirical assessment is carried out in two ways. First, we use graphs to assess the evolution over the years and their association with the core factors. Second, we apply a proper econometrics series to examine the empirical nexuses between the relevant factors. The study finds that economic growth and industrialization evolve over time, increasing the waste of OECD economies. FDI inflow is unfavorable and increases waste production. However, the magnitude impact of FDI is lower than that of economic growth and industrialization. Technological advancement (research and development) is a significant factor in reducing waste generation. The later phase of economic growth is still not advantageous to reduce waste generation in the OECD. The OECD needs to manage industrialization and economic activities through a proper mechanism and tax on such activities that can increase unwanted waste. Further, through technology, the management of waste can be improved.

Suggested Citation

  • Wasi Ul Hassan Shah & Rizwana Yasmeen & Muddassar Sarfraz & Larisa Ivascu, 2023. "The Repercussions of Economic Growth, Industrialization, Foreign Direct Investment, and Technology on Municipal Solid Waste: Evidence from OECD Economies," Sustainability, MDPI, vol. 15(1), pages 1-14, January.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:1:p:836-:d:1023395
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    References listed on IDEAS

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    Cited by:

    1. Konstantinos Tsimnadis & Grigorios L. Kyriakopoulos & Garyfallos Arabatzis & Stefanos Leontopoulos & Efthimios Zervas, 2023. "An Innovative and Alternative Waste Collection Recycling Program Based on Source Separation of Municipal Solid Wastes (MSW) and Operating with Mobile Green Points (MGPs)," Sustainability, MDPI, vol. 15(4), pages 1-18, February.
    2. George E. Halkos & Panagiotis-Stavros C. Aslanidis, 2024. "How Waste Crisis Altered the Common Understanding: From Fordism to Circular Economy and Sustainable Development," Circular Economy and Sustainability, Springer, vol. 4(2), pages 1513-1537, June.
    3. Barra, Cristian & Falcone, Pasquale Marcello, 2024. "Environmental performance of countries. Examining the effect of diverse institutional factors in a metafrontier approach," Socio-Economic Planning Sciences, Elsevier, vol. 95(C).
    4. Muhammad Zaheer Akhtar & Khalid Zaman & Muhammad Azhar Khan, 2024. "Governance, foreign investment, and growth: the impact of governance indicators, foreign direct investment, economic expansion, and industrialization on carbon emissions," SN Business & Economics, Springer, vol. 4(12), pages 1-25, December.
    5. Nadezhda Blagoeva & Vanya Georgieva & Delyana Dimova, 2023. "Relationship between GDP and Municipal Waste: Regional Disparities and Implication for Waste Management Policies," Sustainability, MDPI, vol. 15(21), pages 1-23, October.
    6. Marius Pislaru & Ciprian Sorin Vlad & Larisa Ivascu & Iulia Ioana Mircea, 2024. "Citizen-Centric Governance: Enhancing Citizen Engagement through Artificial Intelligence Tools," Sustainability, MDPI, vol. 16(7), pages 1-17, March.
    7. Chishti, Muhammad Zubair & Arfaoui, Nadia & Cheong, Calvin W.H., 2023. "Exploring the time-varying asymmetric effects of environmental regulation policies and human capital on sustainable development efficiency: A province level evidence from China," Energy Economics, Elsevier, vol. 126(C).

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