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Title: The Impact of Institutions on Economic and Environmental Performance: Evidence From Europe
Authors: Panteli, Maria
Delipalla, Sofia
Type: Article
Subjects: FRASCATI::Social sciences
Keywords: Environmental quality
carbon dioxide (CO2) emissions
institutional quality
economic performance
Issue Date: 23-Dec-2022
Source: South East European Journal of Economics and Business
Volume: 17
Issue: 2
First Page: 125
Last Page: 141
Abstract: Within the Environmental Kuznets Curve framework, we investigate whether the effect of institutions on environmental quality differs among the Western Balkans, the other European post-socialist states, and Western Europe. We estimate both direct and indirect effects of institutions on air pollution for each respective sub-sample and for the whole European region (45 countries during 1996-2014). The negative direct effect is greater for non-post-socialist states, compared to post-socialist ones. Regarding the indirect effect, improving the quality of economic institutions induces an increase in the scale of economic activity, leading to an increase in CO2 emissions per capita. Estimated elasticities of CO2 emissions with respect to institutions, for all sub-groups, uncover a total positive effect, which is larger for Central-eastern and South-eastern European states. Improving the quality of institutions should go hand in hand with stricter formation and implementation of policies designed to decouple economic growth from CO2 emissions.
ISSN: 2233-1999
Other Identifiers: 10.2478/jeb-2022-0019
Appears in Collections:Department of Balkan, Slavic & Oriental Studies

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