Does economic, financial and institutional developments matter for environmental quality? A comparative analysis of EU and MEA countries

Abid, Mehdi

doi:10.1016/j.jenvman.2016.12.007

Cited by 241 publications

(94 citation statements)

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“…Crepaz [20] pointed out that the political system described as corporatism (e.g., in Scandinavian countries and Germany) affects the reduction of GHG emissions in comparison to the pluralist system. In European countries, public spending contributed to the reduction of greenhouse gas emissions, whereas in the Middle East the effect was insignificant or even positive [21]. Similar conclusions were reached by Gholipour and Farzanegan [22].…”

Section: Literature Reviewsupporting

confidence: 67%

Efficiency of the EU Environmental Policy in Struggling with Fine Particulate Matter (PM2.5): How Agriculture Makes a Difference?

et al. 2019

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Fine particulate matter (PM2.5) emissions are an important global issue as air pollutants lead to approximately 7 million deaths per year (World Health Organization). In an attempt to combat this global threat, countries in the European Union (EU) allocate relatively large funds for environmental policies. The main goal of this paper is to assess the long-term efficiency of the EU countries’ environmental policy in reducing the pressure of particulates pollution on the natural environment. For this purpose, multilevel panel regression models based on seminal within–between specification are used. The models are run for a panel of 25 EU countries for the years 2004–2016. In the investigations, we tried to capture the effect of the share of utilized agricultural area (UAA) in non-urban areas of the analyzed countries, as it may potentially influence policy efficiency. It was found that environmental spending in all main categories (pollution abatement, biodiversity, R&D, and environmental protection) had a significant impact on decreasing pollution pressure; however, the policy was more efficient in countries which had a lower share of UAA in their non-urban areas. The study emphasized that the impact of “pollution abatement” expenditure may be underestimated in basic panel models.

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Section: Literature Reviewsupporting

confidence: 67%

Efficiency of the EU Environmental Policy in Struggling with Fine Particulate Matter (PM2.5): How Agriculture Makes a Difference?

et al. 2019

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“…With the intention to examine the robustness of our empirical findings allowing for dynamic aspects we use dynamic panel data techniques such as difference generalized method of moments (DIF‐GMM) estimators attributed to Arellano and Bond () and system generalized method of moments (SYS‐GMM) estimators proposed by Arellano and Bover () and Blundell and Bond () respectively. The use of the latter is mainly justified as it significantly improves the estimates' accuracy and enlarges efficiency when the lagged dependent variables are considered as poor instruments as in the first differenced regressors (Greene, ; Baltagi, ; Li and Lyons, ; Harrington et al , ; Abid, ). As a consequence, the SYS‐GMM gives more robust results than the first differenced GLS and GMM estimation methods (Bond et al , ; Hausman and Ros, ).…”

Section: Methodsmentioning

confidence: 99%

“…It is worth emphasizing that the study acknowledges a unidirectional causality running from financial stability to environmental pollution, which is limited to only two sample countries. Moreover, Abid (), tests the hypothesis of the EKC using generalized method of moments (GMM) panel data techniques in a mixed data set comprising Middle East‐African and EU countries respectively over the period 1990–2011. This study uses inter alia institutional quality variables such as public expenditures, financial development (domestic credit to the private sector), trade openness and FDIs in order to examine the validity of the EKC hypothesis.…”

Section: Review Of the Literaturementioning

confidence: 99%

Does Financial Development Affect Environmental Degradation? Evidence from the OECD Countries

Halkos

Polemis

2017

Bus Strat Env

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In this study, building a simple model that incorporates static and dynamic elements, the relationship of financial development and economic growth to environmental degradation is investigated together with the validation of the Environmental Kuznets Curve (EKC) hypothesis. Our analysis is based on an unbalanced panel data set covering the OECD countries over the period 1970–2014. Our approach thoroughly accounts for the presence of cross‐sectional dependence between the sample variables and utilizes second generation panel unit root tests in order to investigate possible cointegration relationships. The empirical findings do indicate that local (NOx per capita emissions) and global (CO2 per capita emissions) pollutants redefine the EKC hypothesis when we account for the presence of financial development indicators. Specifically, in the case of global pollution an N‐shape relationship is evident in both static and dynamic frameworks, with a very slow adjustment. Lastly, our study calls for a strengthening of the effectiveness of environmental degradation policies by ensuring sustainability of the OECD banking system in order to drastically reduce emissions. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment

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“…On the same subject, Arrow et al [12] state that economic growth is sustainable in the long-term only if it is compatible with environmental quality, but even in this case the literature has not been able to produce a unique result. Some studies support the relationship between economic growth and deteriorating environmental quality [13][14][15][16], while other scholars show that the link between income growth and environmental degradation is insignificant [17,18].…”

Section: Literature Reviewmentioning

confidence: 99%

R&D Expenditure for New Technology in Livestock Farming: Impact on GHG Reduction in Developing Countries

et al. 2019

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The achievement of the objectives of reducing greenhouse gas (GHG) emissions has increasingly received attention and support from decision makers and research by scholars. The livestock sector has always been one of the major sources of GHG emissions, especially in developing countries that do not have green technologies to improve the management of livestock waste. In order to achieve an absolute reduction in emissions, developed countries have applied a wide range of mitigation options; however, there are few studies from the developing world, although greenhouse gas emissions in developing countries have registered a rapid growth. Therefore, this research aims to assess and understand whether public R&D investments can affect emissions deriving from the livestock sector in developing countries. We made use of the FAOSTAT data (FAO Statistical Databases United Nations) and ASTI data set (Agricultural Science and Technology Indicators), collecting data from 29 Africa countries, in 2014 (latest data available). The data were analyzed by means of a Generalized Propensity Scores (GPS) approach, an increasingly widespread technique that is more robust than regression models, especially in small datasets. Our analysis suggests that the livestock sector in these countries shows an improvement in its relationships with the environment and GHG emission levels when the level of public R&D (Research and Development) investment on agriculture is greater. Therefore, reducing greenhouse gas emissions by investing in research and development can lead to more efficient and sustainable resource management for developing countries.Future in-depth studies should broaden these results by assessing in developing countries the impact of public investment in R&D on GHG emissions also in relation to other key factors such as environmental regulation, market demand, environmental management systems and organizational innovations. Author Contributions: Conceptualization: M.F., U.M. and N.F.; Data curation: A.S. and N.F.; Formal analysis: A.S., M.F.; Investigation: M.F. and N.F.; Methodology: A.S.; Resources: N.F.; Software: A.S.; Supervision: A.S. and M.F. Funding: This research received no external funding. Conflicts of Interest:The authors declare no conflicts of interest.

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Does economic, financial and institutional developments matter for environmental quality? A comparative analysis of EU and MEA countries

Cited by 241 publications

References 50 publications

Efficiency of the EU Environmental Policy in Struggling with Fine Particulate Matter (PM2.5): How Agriculture Makes a Difference?

Efficiency of the EU Environmental Policy in Struggling with Fine Particulate Matter (PM2.5): How Agriculture Makes a Difference?

Does Financial Development Affect Environmental Degradation? Evidence from the OECD Countries

R&D Expenditure for New Technology in Livestock Farming: Impact on GHG Reduction in Developing Countries

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