ORIGINAL RESEARCH
Do Stringent Environmental Policies and Business
Regulations Matter for Economic Growth?
Evidence from G7 and BRICS Economies
| 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
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
KEYWORDS
stringent environmental policiesbusiness regulationseconomic growthpanel cointegration analysispanel causality analysis
TOPICS
Environmental managementPollution legislation and data collectionPolicies for economically sustainable developmentPolicies for socially sustainable developmentPolicies for environmentally sustainable development
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.
RELATED ARTICLE
We process personal data collected when visiting the website. The function of obtaining information about users and their behavior is carried out by voluntarily entered information in forms and saving cookies in end devices. Data, including cookies, are used to provide services, improve the user experience and to analyze the traffic in accordance with the Privacy policy. Data are also collected and processed by Google Analytics tool (more).
You can change cookies settings in your browser. Restricted use of cookies in the browser configuration may affect some functionalities of the website.
You can change cookies settings in your browser. Restricted use of cookies in the browser configuration may affect some functionalities of the website.