Exploring the heterogenous impacts of environmental taxes on environmental footprints : an empirical assessment from developed economies.
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2021
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Resumo
The Organization for Economic Co-operation and Development (OECD) economies face the challenges of
rising energy demand, urbanization, and growing environmental issues (rising ecological footprint and
less biodiversity). The primary objective of this article is to explore the role of environmental taxes and
economic growth on the growing ecological footprint in 29 OECD economies. The autoregressive
distributed lag (ARDL) approach and the related intermediate estimators are used to attain the purpose.
The two substitute single equation estimators, DOLS, FMOLS, and fixed effect, are also employed to check
the robustness of the ARDL estimator. Empirical results reveal that environmental-related taxes, eco-
nomic growth, foreign direct investment, energy use, urbanization, renewable energy, and industriali-
zation significantly influence the long-term ecological footprint in OECD countries. The dynamics of the
studied variables got changed when time is considered. In the short-term, these dynamics are mixed
while staying similar in the long-term across the OECD countries. This is attributed to varying levels of
renewable energy use and industrialization progress in OECD countries. The empirical conclusions
suggest that OECD economies need careful monitoring of environmental regulations for energy usage
policies and cleaner production goals.
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Environmental related taxes, Economic growth, Organization for Economic Co-operation and Development countries, Westerlund cointegration, Ecological footprint
Citação
RAFIQUE, M. Z. et al. Exploring the heterogenous impacts of environmental taxes on environmental footprints: an empirical assessment from developed economies. Energy, v. 238, 2021. Disponível em: <https://www.sciencedirect.com/science/article/pii/S0360544221020016>. Acesso em: 24 maio 2022.