Comparative benefits of environmental protection expenditures and environmental taxes in driving environmental quality of the European countries

Basit Öğe Kaydı
dc.authoridalola, andrew/0000-0001-5355-3707
dc.contributor.authorAkdag, Saffet
dc.contributor.authorYildirim, Hakan
dc.contributor.authorAlola, Andrew Adewale
dc.date.accessioned2024-09-11T19:51:59Z
dc.date.available2024-09-11T19:51:59Z
dc.date.issued2024
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractEnvironmental protection and tax policies are part of the crucial pillars and the evolving aspects of environmental sustainability drive. These policies are increasingly employed to counter the 21st century's global climate problem alongside providing economic relief for the implementing economies. Being on the frontier (i.e., the European Union [EU]) of these policies, the current study examines and compares the impacts of environmental protection expenditures and environmental tax on energy consumption on the ploy to mitigate greenhouse gas (GHG) emissions in the panel of EU member countries. With the use of system generalized method of moments and panel causality analyses, the study established the effectiveness of both environmental protection expenditure and environmental tax at improving environmental quality by respectively mitigating GHG emissions by elasticities of similar to 2.08 and similar to 0.18. Importantly, environmental protection expenditure is found to be about two times more effective at mitigating GHG emissions than environmental tax policy, thus providing a novel perspective in the literature. Moreover, energy intensity and Gross Domestic Product help to improve environmental quality by mitigating GHG emissions while population causes more pollutant effects. Additionally, the investigation reveals evidence of Granger causality from environmental protection expenditure to GHG emissions in seven of the EU countries and Granger causality from environmental tax to GHG emissions in 10 European countries. Notably, measurable dimensions of policy guidelines that are relevant for globally and/or nationally defined sustainable development goals are induced from the result of this investigation.en_US
dc.identifier.doi10.1111/1477-8947.12464
dc.identifier.issn0165-0203
dc.identifier.issn1477-8947
dc.identifier.scopus2-s2.0-85191158447en_US
dc.identifier.urihttps://doi.org/10.1111/1477-8947.12464
dc.identifier.urihttps://hdl.handle.net/11363/7882
dc.identifier.wosWOS:001206295200001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherWileyen_US
dc.relation.ispartofNatural Resources Forumen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmz20240903_Gen_US
dc.subjectenvironmental policiesen_US
dc.subjectenvironmental qualityen_US
dc.subjectEuropean Unionen_US
dc.subjectgreenhouse gas emissionsen_US
dc.subjectsustainable developmenten_US
dc.subjectsystem GMMen_US
dc.titleComparative benefits of environmental protection expenditures and environmental taxes in driving environmental quality of the European countriesen_US
dc.typeArticleen_US

Dosyalar

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu