Mostrar el registro sencillo del ítem

Dynamic effects of fiscal and monetary policy instruments on environmental pollution in ASEAN

dc.contributor.authorMughal, Nafessaspa
dc.contributor.authorKashif, Maryamspa
dc.contributor.authorArif, Asmaspa
dc.contributor.authorGrimaldo Guerrero, John Williamspa
dc.contributor.authorNabua, Wilson C.spa
dc.contributor.authorNiedbała, Gniewkospa
dc.date.accessioned2021-09-06T17:02:12Z
dc.date.available2021-09-06T17:02:12Z
dc.date.issued2021
dc.identifier.urihttps://hdl.handle.net/11323/8635spa
dc.description.abstractThis study aims to re-examine the impacts of monetary and fiscal policy on environmental quality in ASEAN countries from 1990 to 2019. We utilized the panel and time series NARDL approach to explore the long-run and short-run estimates at a regional level and country level. ASEAN regional-wise analysis shows that contractionary monetary policy reduces the CO2 emissions, while expansionary monetary policy enhances CO2 emissions in the long run. The long-run coefficient further confirms that expansionary fiscal policy mitigates CO2 emissions in ASEAN. The impact of expansionary monetary and fiscal policy on CO2 emissions is positive and significant, while contractionary monetary and fiscal policy have an insignificant impact on CO2 emissions in the short run. ASEAN country-wise analysis also reported the country-specific estimates for the short and long run. Some policies can redesign in light of these novel findings in ASEAN economies.spa
dc.format.mimetypeapplication/pdfspa
dc.language.isoeng
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internationalspa
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/spa
dc.sourceEnvironmental Science and Pollution Researchspa
dc.subjectMonetary policyspa
dc.subjectFiscal policyspa
dc.subjectCO2 emissionsspa
dc.subjectASEANspa
dc.titleDynamic effects of fiscal and monetary policy instruments on environmental pollution in ASEANspa
dc.typeArtículo de revistaspa
dc.source.urlhttps://link.springer.com/article/10.1007%2Fs11356-021-15114-8spa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccessspa
dc.identifier.doihttps://link.springer.com/article/10.1007/s11356-021-15114-8spa
dc.identifier.instnameCorporación Universidad de la Costaspa
dc.identifier.reponameREDICUC - Repositorio CUCspa
dc.identifier.repourlhttps://repositorio.cuc.edu.co/spa
dc.relation.referencesAdewuyi AO (2016) Effects of public and private expenditures on environmental pollution: a dynamic heterogeneous panel data analysis. Renew Sust Energ Rev 65:489–506spa
dc.relation.referencesAhmad M, Ul Haq Z, Khan Z, Khattak SI, Rahman ZU, Khan S (2019) Does the inflow of remittances cause environmental degradation? Empirical evidence from China. Economic research-Ekonomska istraživanja 32(1):2099–2121spa
dc.relation.referencesAnnicchiarico B, Di Dio F (2017) GHG emissions control and monetary policy. Environ Resour Econ 67(4):823–851spa
dc.relation.referencesAslam B, Hu J, Hafeez M, Ma D, AlGarni TS, Saeed M, Abdullah MA, Hussain S (2021a) Applying environmental Kuznets curve framework to assess the nexus of industry, globalization, and CO2 emission. Environ Technol Innov 21:101377spa
dc.relation.referencesAslam B, Hu J, Majeed MT, Andlib Z, Ullah S (2021b) Asymmetric macroeconomic determinants of CO 2 emission in China and policy approaches. Environ Sci Pollut Res:1–14spa
dc.relation.referencesBalcilar M, Ciftcioglu S, Gungor H (2016) The effects of financial development on Investment in Turkey. Singap Econ Rev 61(4):1650002–16500018spa
dc.relation.referencesChan YT (2020) Are macroeconomic policies better in curbing air pollution than environmental policies? A DSGE approach with carbon-dependent fiscal and monetary policies. Energy Policy 141:111454–111468spa
dc.relation.referencesChen C, Pan D (2020) The OptimalMix ofMonetary and Climate Policy. MPRA Paper No 97718spa
dc.relation.referencesChishti MZ, Ullah S, Ozturk I, Usman A (2020) Examining the asymmetric effects of globalization and tourism on pollution emissions in South Asia. Environ Sci Pollut Res 27:27721–27737spa
dc.relation.referencesChishti MZ, Ahmad M, Rehman A, Khan MK (2021) Mitigations pathways towards sustainable development: assessing the influence of fiscal and monetary policies on carbon emissions in BRICS economies. J Clean Prod 292:126035spa
dc.relation.referencesDar JA, Asif M (2017) Is financial development good for carbon mitigation in India? A regime shift-based cointegration analysis. Carbon Management 8(5-6):435–443spa
dc.relation.referencesDongyan L (2009) Fiscal and tax policy support for energy efficiency retrofit for existing residential buildings in China’s northern heating region. Energy Policy 37(6):2113–2118spa
dc.relation.referencesGrossman GM, Krueger AB (1995) Economic growth and the environment. Q J Econ 110(2):353–377spa
dc.relation.referencesHalkos GE, Paizanos EΑ (2013) The effect of government expenditure on the environment: an empirical investigation. Ecol Econ 91:48–56spa
dc.relation.referencesHalkos GE, Paizanos EΑ (2016) The effects of fiscal policy on CO2 emissions: evidence from the USA. Energy Policy 88:317–328spa
dc.relation.referencesHarper S (2013) Population–environment interactions: European migration, population composition and climate change. Environ Resour Econ 55(4):525–541spa
dc.relation.referencesHe L, Shen J, Zhang Y (2018) Ecological vulnerability assessment for ecological conservation and environmental management. J Environ Manag 206:1115–1125. https://doi.org/10.1016/j.jenvman.2017.11.059spa
dc.relation.referencesHe L, Shao F, Ren L (2020) Sustainability appraisal of desired contaminated groundwater remediation strategies: an information-entropy-based stochastic multi-criteria preference model. Environ Dev Sustain 23:1759–1779. https://doi.org/10.1007/s10668-020-00650-zspa
dc.relation.referencesHe X, Zhang T, Xue Q, Zhou Y, Wang H, Bolan NS, Jiang R, Tsang DCW (2021) Enhanced adsorption of Cu(II) and Zn(II) from aqueous solution by polyethyleneimine modified straw hydrochar. Sci Total Environ 778:146116–146116spa
dc.relation.referencesInternational Monetary Fund (2019) International Featured Standards 2019. International Monetary Fund Publicationsspa
dc.relation.referencesJalil A, Feridun M (2011) The impact of growth, energy and financial development on the environment in China: a cointegration analysis. Energy Econ 33(2):284–291spa
dc.relation.referencesKatircioglu S, Katircioglu S (2018) Testing the role of fiscal policy in the environmental degradation: the case of Turkey. Environ Sci Pollut Res 25(6):5616–5630spa
dc.relation.referencesKhattak SI, Ahmad M, Khan ZU, Khan A (2020) Exploring the impact of innovation, renewable energy consumption, and income on CO2 emissions: new evidence from the BRICS economies. Environ Sci Pollut Res:1–16spa
dc.relation.referencesLi J, Hu Z, Shi V, Wang Q (2021a) Manufacturer’s encroachment strategy with substitutable green products. Int J Prod Econ 235:108102. https://doi.org/10.1016/j.ijpe.2021.108102spa
dc.relation.referencesLi X, Yu Z, Salman A, Ali Q, Hafeez M, Aslam MS (2021b) The role of financial development indicators in sustainable development-environmental degradation nexus. Environ Sci Pollut Res:1–12spa
dc.relation.referencesLiu Y, Han L, Yin Z, Luo K (2017) A competitive carbon emissions scheme with hybrid fiscal incentives: the evidence from a taxi industry. Energy Policy 102:414–422spa
dc.relation.referencesLiu J, Yi Y, Wang X (2020) Exploring factors influencing construction waste reduction: a structural equation modeling approach. J Clean Prod 123185:123185. https://doi.org/10.1016/j.jclepro.2020.123185spa
dc.relation.referencesLopez R E, Palacios A (2010) Have government spending and energy tax policies contributed to make Europe environmentally cleaner? Working paper no 1667-2016-136345spa
dc.relation.referencesLopez R, Galinato GI, Islam A (2011) Fiscal spending and the environment: theory and empirics. J Environ Econ Manag 62(2):180–198spa
dc.relation.referencesLv Z, Xu T (2019) Trade openness, urbanization and CO2 emissions: dynamic panel data analysis of middle-income countries. The Journal of International Trade & Economic Development 28(3):317–330spa
dc.relation.referencesMcAusland C (2008) Trade, politics, and the environment: Tailpipe vs. smokestack. J Environ Econ Manag 55(1):52–71spa
dc.relation.referencesMirzaei M, Bekri M (2017) Energy consumption and CO2 emissions in Iran, 2025. Environ Res 154:345–351spa
dc.relation.referencesPesaran MH, Shin Y, Smith RJ (2001) Bounds testing approaches to the analysis of level relationships. J Appl Econ 16(3):289–326spa
dc.relation.referencesRausch S (2013) Fiscal consolidation and climate policy: an overlapping generation’s perspective. Energy Econ 40:S134–S148spa
dc.relation.referencesShahbaz M, Mallick H, Mahalik MK, Sadorsky P (2016) The role of globalization on the recent evolution of energy demand in India: implications for sustainable development. Energy Econ 55:52–68spa
dc.relation.referencesShin Y, Yu B, Greenwood-Nimmo M (2014) Modelling asymmetric cointegration and dynamic multipliers in a nonlinear ARDL framework. In: Festschrift in honor of Peter Schmidt. Springer, New York, pp 281–314spa
dc.relation.referencesSun G, Yuan C, Hafeez M, Raza S, Jie L, Liu X (2020) Does regional energy consumption disparities assist to control environmental degradation in OBOR: an entropy approach. Environ Sci Pollut Res 27(7):7105–7119spa
dc.relation.referencesTian P, Lu H, Feng W, Guan Y, Xue Y (2020) Large decrease in streamflow and sediment load of Qinghai–Tibetan Plateau driven by future climate change: a case study in Lhasa River Basin. Catena (Giessen) 187:104340. https://doi.org/10.1016/j.catena.2019.104340spa
dc.relation.referencesUllah S, Majeed MT, Chishti MZ (2020) Examining the asymmetric effects of fiscal policy instruments on environmental quality in Asian economies. Environ Sci Pollut Res 27(30):38287–38299spa
dc.relation.referencesUllah S, Ozturk I, Sohail S (2021) The asymmetric effects of fiscal and monetary policy instruments on Pakistan’s environmental pollution. Environ Sci Pollut Res 28(6):7450–7461spa
dc.relation.referencesUsman A, Ullah S, Ozturk I, Chishti MZ, Zafar SM (2020) Analysis of asymmetries in the nexus among clean energy and environmental quality in Pakistan. Environ Sci Pollut Res 27(17):20736–20747spa
dc.relation.referencesWang S, Li G, Fang C (2018) Urbanization, economic growth, energy consumption, and CO2 emissions: empirical evidence from countries with different income levels. Renew Sust Energ Rev 81:2144–2159spa
dc.relation.referencesYuelan P, Akbar MW, Hafeez M, Ahmad M, Zia Z, Ullah S (2019) The nexus of fiscal policy instruments and environmental degradationspa
dc.relation.referencesZhao X, Gu B, Gao F, Chen S (2020) Matching model of energy supply and demand of the integrated energy system in coastal areas. J Coast Res 103(sp1):983. https://doi.org/10.2112/SI103-205.1spa
dc.relation.referencesZhao W, Hafeez M, Maqbool A, Ullah S, Sohail S (2021) Analysis of income inequality and environmental pollution in BRICS using fresh asymmetric approach. Environ Sci Pollut Res:1–11spa
dc.relation.referencesZuo X, Dong M, Gao F, Tian S (2020) The modeling of the electric heating and cooling system of the integrated energy system in the coastal area. J Coast Res 103(sp1):1022. https://doi.org/10.2112/SI103-213.1spa
dc.type.coarhttp://purl.org/coar/resource_type/c_6501spa
dc.type.contentTextspa
dc.type.driverinfo:eu-repo/semantics/articlespa
dc.type.redcolhttp://purl.org/redcol/resource_type/ARTspa
dc.type.versioninfo:eu-repo/semantics/acceptedVersionspa
dc.type.coarversionhttp://purl.org/coar/version/c_ab4af688f83e57aaspa
dc.rights.coarhttp://purl.org/coar/access_right/c_abf2spa


Ficheros en el ítem

Thumbnail
Nombre:
Dynamic effects of fiscal and ...
Tamaño:
105.0Kb
Formato:
PDF
Ver/
Thumbnail
Nombre:
license_rdf
Tamaño:
805bytes
Formato:
application/rdf+xml
Ver/

Este ítem aparece en la(s) siguiente(s) colección(ones)

  • Artículos científicos [3154]
    Artículos de investigación publicados por miembros de la comunidad universitaria.

Mostrar el registro sencillo del ítem

Attribution-NonCommercial-NoDerivatives 4.0 International
Excepto si se señala otra cosa, la licencia del ítem se describe como Attribution-NonCommercial-NoDerivatives 4.0 International