Environmental degradation and political stability: A comparative study of civil and common law developing economies
Environmental degradation and political stability: A comparative study of civil and common law developing economies
Author(s): Alexandra-Anca PurcelSubject(s): Agriculture, Energy and Environmental Studies, Civil Law, Environmental and Energy policy, Economic development, Environmental interactions, Law on Economics
Published by: Alma Mater & Universitatea »Babes Bolyai« Cluj - Facultatea de St. Economice si Gestiunea Afacerilor
Keywords: CO2 emissions; political stability; French legal origin; English legal origin; developing states;
Summary/Abstract: Nowadays, environmental degradation and political stability are two of the most well-debated topics in the sphere of macroeconomics, which potentially have significant consequences on the welfare of society. This paper studies the impact of political stability on CO2 emissions in a comparative framework of civil and common law developing states. The findings based on the panel vector error correction model (PVECM) illustrate essential differences regarding the CO2 emissions-political stability nexus in our samples. Notably, we reveal a long-run monotonically increasing relationship in French legal origin economies, while a bell-shaped pattern is at work in English legal origin ones. Thus, a closer look at the political stability status in the context of environmental policy, in countries where the future levels of political stability are associated with a reduction in CO2 emission, may give valuable insights in fighting climate change.
Journal: Review of Economic Studies and Research Virgil Madgearu
- Issue Year: XIII/2020
- Issue No: 1
- Page Range: 93-114
- Page Count: 22
- Language: English
- Content File-PDF