Stringency of environmental regulations vs. global competitiveness: Empirical analysis

Abstract

The article focuses on assessing the global competitiveness of countries in the context of their environmental regulatory stringency. The article analyzes the views of scientists on the need to slow down economic growth and transition to stable economy, the relationship between economic growth and environmental changes in the form of environmental Kuznets curve, as well as environmental policy instruments along with the degree of their stringency. The authors put forward and confirm the hypothesis that the quality of institutions and the value assessment of environmental goods directly affect the competitiveness of national economies, regardless of environmental stringency. A comprehensive statistical analysis of the perennial indices of global competitiveness, environmental performance and stringency of environmental regulations on a large sample of countries confirms the hypothesis that significant stringency of environmental regulations in welfare states can be internalized and that their global competitiveness remains high against the background of high-quality environmental goods.

Environmental Taxes and Emissions of Pollutants in the Eu: Empirical Analysis

“…To evaluate the connections between environmental taxes and emissions of pollutants, the article uses the method of cross-correlation analysis. This research continues the previous author's studies about the environmental measurement of welfare economics (Dluhopolskyi et al, 2019a;Dluhopolskyi et al, 2019b;Koziuk et al, 2019a;Koziuk et al, 2019b;Козюк et al, 2019;Koziuk et al, 2020).…”

“…The deregulation of environmental policy, which most often has a detrimental effect on the environment, is encouraged by "race to the bottom" in developing countries for which attracting foreign direct investment is more important than preserving the environment. In this context, it is a "short game" (Koziuk et al, 2019b). In general, environmental policy tools (subsidies, taxes) in the context of their stringency can be divided into market and non-market.…”

“…In general, environmental policy tools (subsidies, taxes) in the context of their stringency can be divided into market and non-market. Marketoriented policies are designed to combine the additional costs of market forces associated with the interaction of economic agents with pollutant containment tools, rather than setting clear guidelines, standards, or restrictions (Stavins, 2006;Koziuk et al, 2019b). In this article, we'll try to find the relationship between the stringency of environmental regulation policy (example of environmental taxes) and emissions of pollutants.…”

Environmental Regulation, Technological Innovation, and Export Competitiveness: An Empirical Study Based on China’s Manufacturing Industry

“…If a country's share of a product exceeds the global export share of other countries for that product, the country will hold a greater comparative advantage and benefit from stronger international competitiveness. In addition, the Global Competitiveness Index provided by the World Economic Forum is used as a proxy for the global competitiveness at national level [29]. Simionescu [30] estimated the competitiveness of Romania at the regional level based on dynamic panel data.…”

Convergence trends of environmental taxation in European countries

“…Thus, scientists [4][5][6][7][8][9][10][11] argued that institutional preconditions play crucial role in expansion of environmental responsibility at corporate and personal levels (household and business environmental performance is a result of regulatory requirements fulfilment).…”