ORIGINAL RESEARCH
Do Stringent Environmental Policies and Business Regulations Matter for Economic Growth? Evidence from G7 and BRICS Economies
 
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1
Department of Audit, Savings Deposit Insurance Fund, Istanbul, Turkey
2
Bandirma Onyedi Eylul University, Department of Public Finance, Bandirma, Turkey
3
Plekhanov Russian University of Economics (PRUE) & Finance University under the Government of the Russian Federation, Moscow, Russia
4
Uşak University, Department of Public Finance, Uşak, Turkey
CORRESPONDING AUTHOR
Yilmaz Bayar   

Public Finance, Bandirma Onyedi Eylul University, 10200, Balikesir, Turkey
Submission date: 2021-11-11
Final revision date: 2021-12-27
Acceptance date: 2022-02-07
Online publication date: 2022-05-05
Publication date: 2022-06-20
 
Pol. J. Environ. Stud. 2022;31(4):3083–3094
 
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ABSTRACT
The environment has received particular concern since the 1950s when countries began to experience the negative impacts of environmental degradation. This study employs cointegration and causality analyses to explore the influence of stringent environmental policies and business regulations on economic growth between 2000 and 2015 in the Group of Seven and BRICS economies. The causality analysis shows that business regulations have a significant effect on economic growth in the short run, while stringent environmental policies have no significant effects during that time. The cointegration analysis, however, reveals a mixed interaction among stringent environmental policies, business regulations, and economic growth depending country specific characteristics.
eISSN:2083-5906
ISSN:1230-1485