Mandeep Mahendru
55769774700
Publications - 7
Beyond Traditional Metrics: Developing and Validating a Multidimensional Scale for Consumer Financial Well-Being
Publication Name: Psychology and Marketing
Publication Date: 2025-01-01
Volume: Unknown
Issue: Unknown
Page Range: Unknown
Description:
This paper proposes a scale for measuring consumer financial well-being (CFW), covering its dimensions and consequences. The holistic nature of the scale is a significant improvement on the existing measures of CFW, which cover only a few dimensions, such as debt and financial distress, without focusing on the consequences of CFW. The paper follows a rigorous process spanning five studies: Study 1, qualitative research aiming to generate and reduce items for the new scale; Studies 2 and 3, empirical analyses of data from India and the United Kingdom, respectively; Study 4, establishing the scale's nomological validity by testing its theoretical connections with mindful consumption and life satisfaction as outcomes; and Study 5, an experiment aiming to reinforce the scale's nomological validity by testing the effect of prevention focus (vs. promotion focus) as an antecedent for CFW. Utilizing the frameworks of dual-process and multiple discrepancies theories, the scale proposed by this paper consists of a four-factor solution (financial security, financial preparedness and satisfaction, financial resilience, and financial wisdom). On one hand, the study provides vital implications for marketing managers who want to encourage sustainable and responsible consumption patterns. Second, it informs marketing managers who want to design marketing or educational interventions that aim to improve CFW by developing financial wisdom. Third, our scale can assist financial planners with measuring and improving their clients' financial well-being and provides them with unconventional tools (e.g., financial wisdom) for doing so.
Open Access: Yes
DOI: 10.1002/mar.70029
Financial inclusion as a tool for sustainable macroeconomic growth: An integrative analysis
Publication Name: Annals of Public and Cooperative Economics
Publication Date: 2024-06-01
Volume: 95
Issue: 2
Page Range: 527-551
Description:
Despite extensive research on the relationship between financial inclusion and macroeconomic growth, little is known about the role of financial inclusion as a significant driver of macroeconomic growth in developing countries. Financial inclusion could boost sustainable macroeconomic growth, which has been a key policy goal for governments worldwide because it affects employment, population, inequality, and poverty. This study explores the influence of crucial financial inclusion indicators on developing countries' macroeconomic growth. The study shows that digital finance, financial technologies, financial outreach, financial literacy, demographics access to finance, microfinance and financial stability are the ways through which financial inclusion affects macroeconomic growth. We used the Scopus database to get information from 419 research articles and analyzed those to figure out how financial inclusion affected macroeconomic growth from 2006 to 2020. The study will help policymakers, governments, and marketers develop policies to involve everyone in the financial system, which results in macroeconomic growth.
Open Access: Yes
DOI: 10.1111/apce.12427
Energy-growth nexus for ‘Renewable Energy Country Attractiveness Index’ countries: Evidence from new econometric methods
Publication Name: Geoscience Frontiers
Publication Date: 2024-05-01
Volume: 15
Issue: 3
Page Range: Unknown
Description:
This study explores the connections between renewable energy consumption (REC), non-renewable energy consumption (NREC), gross fixed capital formation (GFCF), the labor force (LF), and economic growth (GDP) in Renewable Energy Country Attractiveness Index (RECAI) countries for 1991–2016. We quantify the nexus between REC, NREC, and GDP while utilizing a production model framework and including the measures of labor and capital, for suggesting a phase-wise strategy to attain the sustainable development goals. We use robust methodologies including Lagrange Multiplier (LM) panel unit root tests with trend shifts, Westerlund cointegration test, LM bootstrap technique for cointegration with breaks, continuously updated fully modified (CUP-FM) and continuously updated bias-corrected (CUP-BC) estimators, Augmented Mean Group (AMG) approach, fully modified ordinary least squares, dynamic ordinary least squares, Canonical Cointegrating Regression (CCR), and panel causality test proposed by Canning & Pedroni. We compute non-parametric time-varying coefficients with fixed effects for seeing the impact of GFCF, LF, REC, and NREC on GDP. Our results press upon policymakers to shift toward clean energy and REC for attaining the environmental goals (SDGs 6, 7, 13, and 15) and the economic goals (SDGs 1, 2, 8, and 10). While this shift would help developed economies, which have already attained the economic goals, to progress on the front of environmental goals, it would enable developing countries to progress on both fronts in a balanced manner.
Open Access: Yes
From Over-Tourism to Under-Tourism via COVID-19: Lessons for Sustainable Tourism Management
Publication Name: Evaluation Review
Publication Date: 2024-02-01
Volume: 48
Issue: 1
Page Range: 177-210
Description:
With various strains of the novel coronavirus emerging during the last few years, there is a need to reinvent and manage the tourism industry by engaging various stakeholders. Industry and policymakers need to observe the shift and curate tourism-related products and offerings accordingly. In light of the increasing demand for innovations and future directions in the post-COVID-19 period, this article conducts a bibliometric analysis for sustainable tourism studies spanning the years 1990–2021. This paper presents an integrative review of tourism, environment and sustainable tourism to reveal geographical, contextual, and methodological directions for future research. The comprehensive analysis includes contributions on topics and methods, country collaborations, and thematic analysis. The findings are consistent with the Sustainable Development Goals of sustainable production and consumption (SDG-12), with a particular emphasis on sustainable tourism to promote local culture and create jobs (SDG-12.b) and on sustainable growth (SDG-13). The study’s findings can be used to inform future policies and directions; for example, the findings indicate that the hospitality industry is facing challenges that necessitate new regulations to address its socioeconomic and environmental impacts.
Open Access: Yes
Exploring economic development and mineral rents nexus across BRICS nations: Fresh insights from multiple threshold panel analysis
Publication Name: Resources Policy
Publication Date: 2024-01-01
Volume: 88
Issue: Unknown
Page Range: Unknown
Description:
The nexus between economic development and mineral rent across Brazil, Russia, India, China, and South Africa (BRICS) is empirically tested by using multiple threshold panel analysis. This paper focuses on the association and correlation among Mineral Rents (% of GDP) and Gross Domestic Product per capita along with Foreign Direct Investment (FDI), Trade, and Renewable Energy Consumption per Capita, by using the data sets for the period 1994–2021. Dynamic Liner Model and Double Threshold models are used for empirical testing of the above variables. The Dynamic Liner Model identified the positive influence of trade and FDI on mineral rent; and the Double Threshold models identified the negative influence of GDP, trade, and FDI on mineral rent. The findings contribute to the literature about mineral rent and economic growth. Moreover, the findings of this paper help in planning policies and interventions for inclusive and sustainable economic development, GDP enhancement, promotion of trade, and FDI in Brazil, Russia, India, China, and South Africa (BRICS) by considering mineral rent management. This paper also recommends considering the mineral rent taxation, mineral royalty, mine-community conflicts, corruption, institutional development, politics, and environmental issues before policy implementation and reforms related to economic development, GDP enhancement, promotion of trade, and FDI in BRICS.
Open Access: Yes
Forecasting Bitcoin prices using artificial intelligence: Combination of ML, SARIMA, and Facebook Prophet models
Publication Name: Technological Forecasting and Social Change
Publication Date: 2024-01-01
Volume: 198
Issue: Unknown
Page Range: Unknown
Description:
In recent years, investors, corporations, and enterprises have shown great interest in the Bitcoin network; thus, promoting its products and services is crucial. This study utilizes an empirical analysis for financial time series and machine learning to perform prediction of bitcoin price and Garman-Klass (GK) volatility using Long Short-Term Memory (LSTM), Seasonal Autoregressive Integrated Moving Average (SARIMA), and Facebook prophet models. The performance findings show that the LTSM boost has a noticeable improvement compared to SARIMA and Facebook Prophet in terms of MSE (Mean Squared Error) and MAE (Mean Average Error). Unlike Long Short-Term Memory (LSTM), a component of Deep Learning (DL), the finding explains why the bitcoin and its volatility forecasting difficulty has been partially met by traditional time series forecasting (SARIMA) and auto-machine-learning technique (Fb-Prophet). Furthermore, the finding confirmed that Bitcoin values are extremely seasonally volatile and random and are frequently influenced by external variables (or news) such as cryptocurrency laws, investments, or social media rumors. Additionally, results show a robust optimistic trend, and the days when most people commute are Monday and Saturday and an annual seasonality. The trend of the price and volatility of bitcoin using SARIMA and FB-Prophet is more predictable. The Fb-Prophet cannot easily fit within the Russian-Ukrainian conflict period, and in some COVID-19 periods, its performance will suffer during the turbulent era. Moreover, Garman-Klass (GK) forecasting seems more effective than the squared returns price measure, which has implications for investors and fund managers. The research presents innovative insights pertaining to forthcoming cryptocurrency regulations, stock market dynamics, and global resource allocation.
Open Access: Yes
The Equity Imperative: Revisiting COP Frameworks Through a Justice Lens
Publication Name: Journal of Environmental Assessment Policy and Management
Publication Date: 2025-09-01
Volume: 27
Issue: 4
Page Range: Unknown
Description:
This study examines the commitments made in the Conference of the Parties (COP) summits, COP 3 (Kyoto), COP 15 (Copenhagen), COP 21 (Paris), and COP 28 (Dubai). It critically investigates global climate initiatives concerning sustainability and environmental justice. While these summits have played a pivotal role in shaping international climate diplomacy, persistent gaps remain between pledges and their implementation — particularly in mobilising adequate financial and technical support for developing countries. Drawing on Political Ecology Theory and Environmental Justice Theory, the study examines how structural asymmetries and historical inequalities may continue to shape global climate governance. We highlight how, in some instances, well-intentioned environmental leadership may risk overlooking equity and inclusion, particularly when developing nations are expected to meet ambitious climate standards without proportionate support. At the same time, the paper acknowledges critical progress made through COP processes — such as the Paris Agreement’s recognition of common but differentiated responsibilities (CBDRs) and the establishment of the Loss and Damage Fund at COP 27 and COP 28. Policy recommendations include the institutionalisation of independent climate finance audits and the integration of justice-centred accountability frameworks into global climate policy. By situating contemporary climate negotiations within a historical and justice-based framework, the paper calls for more inclusive, transparent, and accountable COP mechanisms. This includes amplifying the voices and needs of those most vulnerable to climate change, particularly in the Global South.
Open Access: Yes
