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Do Stringent Environmental Policies and Business Regulations Matter for Economic Growth? Evidence from G7 and BRICS Economies

Year: 2022

Type: article

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.

Source: Polish Journal of Environmental Studies

DOI: 10.15244/pjoes/146464

Authors: Nizamülmülk Güneş, Yilmaz Bayar, Marina Danilina, Omer Öztürk

Institutions: Bandırma Onyedi Eylül University, Plekhanov Russian University of Economics, Usak University

Language: English

Topic: Energy, Environment, Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4229017678