Governance, Vulnerability to Climate Change, and Green Growth: International Evidence

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Governance, vulnerability to climate change, and green growth: international evidence Terms of use: Documents in Thai-Ha Le, Youngho Chang, and Donghyun Park AbstractThe authors examine the role of governance and vulnerability to climate change in green growth using a global panel dataset. They find that governance has a positive effect on environmental performance and vulnerability to climate change has a negative effect. Promoting good governance and reducing climate change vulnerability can thus contribute to a cleaner environment. They find qualitatively similar results for the subsample of high-income countries, but governance has an insignificant effect for the subsamples of upper-middle-income, and lower-middle-and-low-income countries. Highincome countries have strong environmental policies to protect the environment whereas other countries need to strengthen their relatively weak environmental policies. This suggests a need for substantial economic, technological and financial support from the international community for strengthening the environmental institutional capacity of developing countries. JEL Q56

Renewable and Nonrenewable Energy Consumption, Economic Growth, and Emissions: International Evidence

“…However, for middle-and low-income countries, the effect of governance on the environment was negligible. This is consistent with Le et al (2016) who find that governance does not have a significant effect on environmental performance in middle-and low-income countries. This implies that these countries have relatively weak environmental policies which need to be strengthened.…”

“…The novelty of this structure is to explicitly consider the possible impact of governance on the relationships between renewable and nonrenewable energy consumption, income level and emissions. Governance quality is added since it can influence the level of potential pollutant emissions (see, for instance, Barrett and Graddy, 2000;Leitao, 2010;Wood and Herzog, 2014;Le et al, 2016). 2 All variables are converted into natural logarithms.…”

“…. Please refer toLe et al (2016) for a detailed discussion on the impact of governance quality on environmental performance, with empirical evidence from Asian countries. The details are not mentioned here to conserve space.3.…”

Institutions, Culture, and Wetland Values

“…Economic freedom may lead to lower environmental valuations if it increases the opportunity cost of preserving wetlands. Economic freedom may improve economic efficiency and reduce resource exploitation and environmental degradation (Dinda 2004), competitive markets may satisfy consumer preferences for a cleaner environment (Le, Chang and Park 2016), and security of property rights can improve environmental quality (Culas 2007). Moreover, some regulations can harm the environment (Antweiler, Copeland and Taylor 2001;Wood and Herzog 2014;Mavragani et al 2016).…”