Regulation, governance and the role of the informal sector in influencing environmental quality?

Swain, Ranjula Bali; Kambhampati, Uma; Karimu, Amin

doi:10.1016/j.ecolecon.2020.106649

Cited by 56 publications

(37 citation statements)

References 53 publications

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“…Recently, Omri and Ben Mabrouk (2020) show that good governance can be successful in rebalancing social, environmental, and economic components of sustainable developments for a panel of 20 economies in the MENA (Middle East and North Africa) region during the period 1996-2014. In a study of 58 selected economies covering the period 1996-2011 by Bali Swain et al (2020), it was confirmed that the degree of governance's impact relies essentially on the level of economic development, the pollutant type and the category of governance measure.…”

Section: Introductionmentioning

confidence: 94%

“…The EKC empirical evaluation has recognized that, in a reduced model, revenue serves as a proxy for too many other variables (e.g., economic structure, level of economic activity, etc. ), resulting in an omitted variables bias (Bali Swain et al, 2020). This awareness has brought about efforts to expand the model by incorporating pertinent variables related to economic structure, energy markets, trade openness, etc.…”

Section: Introductionmentioning

confidence: 99%

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Does good governance moderate the financial development-CO2 emissions relationship?

Omri

Kahia

Kahouli

2021

Environ Sci Pollut Res

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This inquiry contributes to the previous literature by analyzing the empirical linkage between the development of the financial sector and carbon emissions in the presence of good governance. Specifically, we examine the ability of good governance in moderating the negative effect of financial development on environmental quality in the case of Saudi Arabia over the period 1996-2016. Different indicators of financial development and governance quality are included in the analysis. Using Dynamic Ordinary Least Squares (DOLS) estimator, we find that (i) an unconditional effect of the three indicators of financial development on increasing carbon emissions in the most models; (ii) the conditional impact of the indicators of governance quality increases carbon emissions in the most models; (iii) the interactions between the indicators of governance and the indicators of financial development are negative and statistically significant only in the models pertaining to political and institutional governance, meaning that the development of financial sector reduces carbon emissions if it is accompanied by good institutional and political governance.

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Section: Introductionmentioning

confidence: 94%

Section: Introductionmentioning

confidence: 99%

Does good governance moderate the financial development-CO2 emissions relationship?

Omri

Kahia

Kahouli

2021

Environ Sci Pollut Res

View full text Add to dashboard Cite

show abstract

“…Nevertheless, the EKC empirical assessment found that revenue was a proxy for too many other variables in a reduced model (e.g., levels of activity, economic structure, etc. ), leading to a missing variable bias [16].…”

Section: Introductionmentioning

confidence: 99%

Does Green Energy Complement Economic Growth for Achieving Environmental Sustainability? Evidence from Saudi Arabia

2020

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This study extends previous environmental sustainability literature by investigating the joint impact of economic growth and renewable energy on reducing CO2 emissions in Saudi Arabia over the period 1990–2016. Using the fully modified ordinary least-square (FMOLS) and dynamic ordinary least-square DOLS estimators, we find that economic growth increases CO2 emissions in all estimated models. Moreover, the validity of the environmental Kuznets curve (EKC) hypothesis is only supported for CO2 emissions from liquid fuel consumption. The invalidity of the EKC hypothesis in the most commonly used models implies that economic growth alone is not sufficient to enhance environmental quality. Renewable energy is found to have a weak influence on reducing the indicators of environmental degradation. We also find that the joint impact of renewable energy consumption and economic growth on the indicators of CO2 emissions is negative and insignificant for all the estimated models, meaning that the level of renewable energy consumption in Saudi Arabia is not sufficient to moderate the negative effect of economic growth on environmental quality. Implications for policy are also discussed.

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“…Second, the relevant literature studies the impact of environmental regulation on environmental issues at the national, regional and industry levels without considering environmental regulations at the corporate level, and the results may be in uenced by aggregated data (Ren et al 2018; Swain et al 2020;Levinson and Taylor 2004). This paper considers macro-environmental policy, RES and micro-enterprise environmental investment in the same scenario, not only to test the implementation effect of the central government policy from local governments but also to prove the effectiveness of environmental protection policy in terms of its effect on enterprises.…”

Section: Theoretical Contributionsmentioning

confidence: 99%

Regional Environmental Supervision And Corporate Environmental Investment: From The Perspective of Ecological Damage Compensation

Zeng

Chen

Jin

et al. 2021

Preprint

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Based on the “Pilot Reform of the Compensation System for Ecological and Environmental Damage” launched in 2015 and a research sample of listed companies in China's heavy pollution industry from 2014 to 2017, this paper uses a difference-in-differences model to empirically test the impact of the compensation system on corporate environmental investment, as well as the moderating effect of market degree and firm ownership. The result shows that the implementation of the compensation system has significantly promoted corporate environmental investment, and the market degree has a moderating effect, but the supervision effect remains the same due to firm ownership. Local government’s strict environmental supervision on local enterprises is the important channel to ensure the function of ecological damage compensation system. This research provides a reference for the national government to formulate specific and effective environmental policies, stimulate the environmental governance motivation of local governments, and encourage enterprises to assume environmental responsibilities, to achieve green and sustainable development.

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Regulation, governance and the role of the informal sector in influencing environmental quality?

Cited by 56 publications

References 53 publications

Does good governance moderate the financial development-CO2 emissions relationship?

Does good governance moderate the financial development-CO2 emissions relationship?

Does Green Energy Complement Economic Growth for Achieving Environmental Sustainability? Evidence from Saudi Arabia

Regional Environmental Supervision And Corporate Environmental Investment: From The Perspective of Ecological Damage Compensation

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