Exploring the heterogenous impacts of environmental taxes on environmental footprints: An empirical assessment from developed economies
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Outros Autores: | , , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional da UNESP |
Texto Completo: | http://dx.doi.org/10.1016/j.energy.2021.121753 http://hdl.handle.net/11449/222236 |
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, economic growth, foreign direct investment, energy use, urbanization, renewable energy, and industrialization 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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Exploring the heterogenous impacts of environmental taxes on environmental footprints: An empirical assessment from developed economiesEcological footprintEconomic growthEnvironmental related taxesOECD countriesWesterlund cointegrationThe 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, economic growth, foreign direct investment, energy use, urbanization, renewable energy, and industrialization 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.Anhui University of Finance and EconomicsShandong UniversityCenter for Economic Research Shandong University, 27-Shanda NanluSchool of Economics and Management Huzhou UniversityInnovation Economics Institute of Economics University of HohenheimDepartment of Production Engineering São Paulo State University (UNESP)Department of Economics Federal University of Ouro Preto (UFOP)Department of Production Engineering São Paulo State University (UNESP)Shandong UniversityHuzhou UniversityUniversity of HohenheimUniversidade Estadual Paulista (UNESP)Federal University of Ouro Preto (UFOP)Rafique, Muhammad ZahidFareed, ZeeshanFerraz, Diogo [UNESP]Ikram, MajidHuang, Shaoan2022-04-28T19:43:32Z2022-04-28T19:43:32Z2022-01-01info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://dx.doi.org/10.1016/j.energy.2021.121753Energy, v. 238.0360-5442http://hdl.handle.net/11449/22223610.1016/j.energy.2021.1217532-s2.0-85112778451Scopusreponame:Repositório Institucional da UNESPinstname:Universidade Estadual Paulista (UNESP)instacron:UNESPengEnergyinfo:eu-repo/semantics/openAccess2022-04-28T19:43:32Zoai:repositorio.unesp.br:11449/222236Repositório InstitucionalPUBhttp://repositorio.unesp.br/oai/requestopendoar:29462024-08-05T22:29:48.091116Repositório Institucional da UNESP - Universidade Estadual Paulista (UNESP)false |
dc.title.none.fl_str_mv |
Exploring the heterogenous impacts of environmental taxes on environmental footprints: An empirical assessment from developed economies |
title |
Exploring the heterogenous impacts of environmental taxes on environmental footprints: An empirical assessment from developed economies |
spellingShingle |
Exploring the heterogenous impacts of environmental taxes on environmental footprints: An empirical assessment from developed economies Rafique, Muhammad Zahid Ecological footprint Economic growth Environmental related taxes OECD countries Westerlund cointegration |
title_short |
Exploring the heterogenous impacts of environmental taxes on environmental footprints: An empirical assessment from developed economies |
title_full |
Exploring the heterogenous impacts of environmental taxes on environmental footprints: An empirical assessment from developed economies |
title_fullStr |
Exploring the heterogenous impacts of environmental taxes on environmental footprints: An empirical assessment from developed economies |
title_full_unstemmed |
Exploring the heterogenous impacts of environmental taxes on environmental footprints: An empirical assessment from developed economies |
title_sort |
Exploring the heterogenous impacts of environmental taxes on environmental footprints: An empirical assessment from developed economies |
author |
Rafique, Muhammad Zahid |
author_facet |
Rafique, Muhammad Zahid Fareed, Zeeshan Ferraz, Diogo [UNESP] Ikram, Majid Huang, Shaoan |
author_role |
author |
author2 |
Fareed, Zeeshan Ferraz, Diogo [UNESP] Ikram, Majid Huang, Shaoan |
author2_role |
author author author author |
dc.contributor.none.fl_str_mv |
Shandong University Huzhou University University of Hohenheim Universidade Estadual Paulista (UNESP) Federal University of Ouro Preto (UFOP) |
dc.contributor.author.fl_str_mv |
Rafique, Muhammad Zahid Fareed, Zeeshan Ferraz, Diogo [UNESP] Ikram, Majid Huang, Shaoan |
dc.subject.por.fl_str_mv |
Ecological footprint Economic growth Environmental related taxes OECD countries Westerlund cointegration |
topic |
Ecological footprint Economic growth Environmental related taxes OECD countries Westerlund cointegration |
description |
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, economic growth, foreign direct investment, energy use, urbanization, renewable energy, and industrialization 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. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-04-28T19:43:32Z 2022-04-28T19:43:32Z 2022-01-01 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://dx.doi.org/10.1016/j.energy.2021.121753 Energy, v. 238. 0360-5442 http://hdl.handle.net/11449/222236 10.1016/j.energy.2021.121753 2-s2.0-85112778451 |
url |
http://dx.doi.org/10.1016/j.energy.2021.121753 http://hdl.handle.net/11449/222236 |
identifier_str_mv |
Energy, v. 238. 0360-5442 10.1016/j.energy.2021.121753 2-s2.0-85112778451 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Energy |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.source.none.fl_str_mv |
Scopus reponame:Repositório Institucional da UNESP instname:Universidade Estadual Paulista (UNESP) instacron:UNESP |
instname_str |
Universidade Estadual Paulista (UNESP) |
instacron_str |
UNESP |
institution |
UNESP |
reponame_str |
Repositório Institucional da UNESP |
collection |
Repositório Institucional da UNESP |
repository.name.fl_str_mv |
Repositório Institucional da UNESP - Universidade Estadual Paulista (UNESP) |
repository.mail.fl_str_mv |
|
_version_ |
1808129431563141120 |