The asymmetric effect of environmental policy stringency on CO2 emissions in OECD countries
| Autor: | Maria-Elena Boatca-Barabas, Claudiu Tiberiu Albulescu, Andra Diaconescu |
|---|---|
| Přispěvatelé: | Centre de Recherche sur l'Intégration Economique et Financière (CRIEF), Université de Poitiers |
| Rok vydání: | 2022 |
| Předmět: |
panel quantiles regression
History Pollution haven hypothesis Polymers and Plastics Natural resource economics Health Toxicology and Mutagenesis Air pollution environmental Kuznets curve medicine.disease_cause CO2 emissions Eu countries Industrial and Manufacturing Engineering JEL: F - International Economics 0502 economics and business medicine Economics Environmental Chemistry Environmental policy 050207 economics Business and International Management pollution haven hypothesis environmental policies 050208 finance 05 social sciences Oecd countries International economics General Medicine [SHS.ECO]Humanities and Social Sciences/Economics and Finance [SDE.ES]Environmental Sciences/Environmental and Society Pollution 13. Climate action Greenhouse gas JEL: Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics Kyoto Protocol Panel data |
| Zdroj: | Environmental Science and Pollution Research. 29:27311-27327 |
| ISSN: | 1614-7499 0944-1344 |
| Popis: | This paper uses a quantile fixed-effect panel data approach to investigate how environmental policy stringency affects CO2 emissions in a set of 32 OECD countries from 1990 to 2015. This approach allows us to identify the asymmetric impact of policy stringency on emissions, considering the emission level recorded in each analysed country. More precisely, we posit that the effectiveness of environmental regulations and policies is influenced by the air pollution level. Our results show that an increase in policy stringency has a negative impact on emissions. As a new contribution, we show that environmental stringency has a more powerful impact in the countries with lower level of carbon emissions. This result is also recorded for the subset of EU member countries of the OECD. Moreover, we show that policy stringency measures only become effective after the implementation of the Kyoto agreement. Finally, the policy stringency effect is stronger for EU countries at high risk of missing the 20-20-20 target in terms of greenhouse gas emissions.JEL codes: Q43, Q56, F21 |
| Databáze: | OpenAIRE |
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