The Impact of the Economic Corridor on Economic Stability: A Double Mediating Role of Environmental Sustainability and Sustainable Development Under the Exceptional Circumstances of COVID-19

Haiyan Li; Javaria Hameed; Rafique Ahmed Khuhro; Gadah Albasher; Wedad Alqahtani; Muhammad Waqas Sadiq; Tong Wu

doi:10.3389/fpsyg.2020.634375

The Impact of the Economic Corridor on Economic Stability: A Double Mediating Role of Environmental Sustainability and Sustainable Development Under the Exceptional Circumstances of COVID-19

Front Psychol. 2021 Jan 25:11:634375. doi: 10.3389/fpsyg.2020.634375. eCollection 2020.

Authors

Haiyan Li¹, Javaria Hameed², Rafique Ahmed Khuhro³, Gadah Albasher⁴, Wedad Alqahtani⁴, Muhammad Waqas Sadiq⁵, Tong Wu⁶

Affiliations

¹ School of Management, Xizang Minzu University, Xianyang, China.
² Business School, Liaoning University, Shenyang, China.
³ Department of Management Sciences, The University of Haripur, Haripur, Pakistan.
⁴ Department of Zoology, College of Sciences, King Saud University, Riyadh, Saudi Arabia.
⁵ Department of Management Sciences, COMSATS University Islamabad, Sahiwal, Pakistan.
⁶ School of Business, Nanjing University, Nanjing, China.

Abstract

This study discusses the impact of different economic indicators on economic stability, including honest leadership, improved infrastructure, revenue generation, and CPEC taking into account the double mediating role of environmental sustainability and sustainable development, while considering the latest COVID-19 situation. This study adopted primary data collection methods and obtained data from the employees of CPEC by using questionnaires and smart-PLS for analysis purposes. The results revealed that honest leadership, improved infrastructure, revenue generation, and CPEC have a positive nexus with economic stability. Despite the severe impact of COVID-19 on the country's economy, the economic corridor plays a vital role in stabilizing the state's economy and supports all those related to this phenomenal project either directly or indirectly.

Keywords: COVID-19; CPEC project; economic stability; environmental sustainability; sustainable development.