Debt Sustainability: Can EU Member States Use Environmental Taxes to Regain Fiscal Space?

Țibulcă, Ioana-Laura

doi:10.3390/su13115952

Cited by 4 publications

(2 citation statements)

References 53 publications

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“…The findings indicated the presence of cointegration between these indicators and GDP, which implies that Malaysia’s fiscal position is sustainable in the long term. In Ţibulcă’s (2021) study, it was found that environmental taxes can play a role in improving the fiscal position and debt sustainability of EU member states during the COVID-19 pandemic. The study applied dynamic panel regression models using the GMM technique to examine the impact of taxes on energy, transport, pollution, and resources.…”

Section: Literature Reviewmentioning

confidence: 99%

Fiscal Sustainability and Its Implications for Economic Growth in Egypt: An Empirical Analysis

Alshaib,

Al khatib,

Nuta

et al. 2023

SAGE Open

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This study examines the association between fiscal sustainability indicators and Egypt’s economic growth from 1980 to 2018. Fiscal sustainability refers to a government’s ability to generate sufficient revenue to cover its costs and debt obligations in the long run without excessive borrowing or money creation. Egypt’s economic growth has slowed, raising questions about fiscal sustainability. This study aimed to analyze the dynamic relationship between fiscal sustainability indicators (government revenue, expenditure, external debt) and economic growth in Egypt. The autoregressive distributed lag (ARDL) bounds testing approach and unrestricted error correction model were applied to annual data from 1980 to 2018. A dynamic link was found between fiscal sustainability indicators and economic growth. Government expenditure and external debt significantly impacted economic expansion in the long term, while government revenue did not. Fiscal sustainability, measured by growth in total government expenses, external debt obligations, and revenue, significantly influences Egypt’s economic growth. Prudent fiscal management is crucial for sustained economic development. Policymakers should focus on controlling government spending, limiting external debt, and improving revenue generation to promote long-term economic growth in Egypt. Fiscal sustainability must balance critical investments in public services. Carefully managing fiscal deficits is key to unleashing Egypt’s economic potential. This study provides valuable insights into the connection between fiscal policy and economic growth in Egypt, informing policymakers’ decisions.

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Section: Literature Reviewmentioning

confidence: 99%

Fiscal Sustainability and Its Implications for Economic Growth in Egypt: An Empirical Analysis

Alshaib,

Al khatib,

Nuta

et al. 2023

SAGE Open

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“…To reach their national 2030 emission reductions targets in the Effort Sharing legislation sectors, a total of 21 member states will have to increase the pace of their average annual reductions in GHG emissions compared with the pace that they achieved between 2005 and 2018. Notably, Greece and Hungary already reported emission levels in 2018 that were below their national 2030 targets [1].…”

Section: Introductionmentioning

confidence: 99%

Assessment of the Dependence of GHG Emissions on the Support and Taxes in the EU Countries

2021

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The reduction of GHG emissions is one of the priorities of the EU countries. The majority of studies show that financial support and environmental taxes are one of the most effective measures for the mitigation of the negative consequences of climate change. The EU countries employ different environmental support measures and environmental taxes to reduce GHG emissions. There is a shortage of new studies on these measures. The aim of the present study is to compare the effectiveness of the environmental support measures of the EU countries with the effectiveness of environmental taxes in relation to the reduction of GHG emissions. This study is characterized by the broad scope of its data analysis and its systematic approach to the EU’s environmental policy measures. An empirical study was performed for the EU countries with the aim of addressing this research problem and substantiating theoretical insights. A total of 27 EU member states from 2009 to 2018 were selected as research samples. The research is based on a cause-and-effect relationship, where the factors affecting environmental pollution (environmental taxes and subsidies) are the cause, and GHG emissions are the effect. Statistical research methods were used in the empirical study: descriptive statistics, the Shapiro–Wilk test, one-way analysis of variance (ANOVA), simple regression and cluster analysis. The results show that the older member countries of the EU, which had directed the financial measures of environmental policy towards a reduction in energy consumption, managed to achieve a greater reduction in GHG emissions compared to the countries which had not applied those measures. The Central and Eastern European countries are characterized by lower environmental taxes and lower expenditure allocated to environmental protection. The countries with a higher GDP per capita have greater GHG emissions that the countries with lower GDP per capita. This is associated with greater consumption, waste, and energy consumption. The study conducted gives rise to a discussion regarding data sufficiency in the assessment and forecasting of GHG emissions and their environmental consequences.

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Load capacity factor and carbon emissions: Assessing environmental quality among MINT nations through technology, debt, and green energy

Ali,

Opoku-Mensah,

Ofori

et al. 2023

Journal of Cleaner Production

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Debt Sustainability: Can EU Member States Use Environmental Taxes to Regain Fiscal Space?

Cited by 4 publications

References 53 publications

Fiscal Sustainability and Its Implications for Economic Growth in Egypt: An Empirical Analysis

Fiscal Sustainability and Its Implications for Economic Growth in Egypt: An Empirical Analysis

Assessment of the Dependence of GHG Emissions on the Support and Taxes in the EU Countries

Load capacity factor and carbon emissions: Assessing environmental quality among MINT nations through technology, debt, and green energy

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