Effectiveness of environmental policies on carbon emissions: A panel threshold analysis

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2022-10-01 DOI:10.18559/ebr.2022.3.5

Hale Akbulut

引用次数: 2

Abstract

Abstract The aim of this study is to test the possible non-linear effect of environmental policy stringency on carbon emissions and thus make policy recommendations for emission reduction. For this purpose data for the period 1995–2015 for selected emerging countries were used. According to the findings obtained from fixed-effects panel threshold regressions environmental policy stringency has no significant effect on the relationship between gross domestic product per capita and carbon dioxide emissions. However, it has statistically significant effect if the share of the service sector and the foreign direct investment are taken as regime-dependent variables. Accordingly, in the high policy stringency regime an increase in the share of the service sector and the foreign direct investment reduce emission levels. In the case of using market-based environmental regulations the threshold effect faced by foreign direct investment is much more pronounced. In order to reduce carbon emissions it is recommended to increase environmental policy stringency, especially in market-based tools.

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环境政策对碳排放的有效性:面板阈值分析

摘要本研究旨在检验环境政策严格程度对碳排放可能产生的非线性效应，从而为减排提供政策建议。为此，使用了1995-2015年期间选定新兴国家的数据。根据固定效应面板阈值回归的结果，环境政策的严格程度对人均国内生产总值与二氧化碳排放量之间的关系没有显著影响。然而，如果将服务业份额和外国直接投资作为制度相关变量，则具有统计学上显著的影响。因此，在高度政策严格的制度下，增加服务部门的份额和外国直接投资可以降低排放水平。在采用基于市场的环境法规的情况下，外国直接投资面临的门槛效应要明显得多。为了减少碳排放，建议加强环境政策的严格性，特别是在市场工具方面。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.