The Impact of Quality of Governance, Renewable Energy and Foreign Direct Investment on Sustainable Development in Cee Countries
Recent debates on the Environmental Kuznets Curve (EKC) in the context of the European Green Deal highlights that pollution could be controlled using channels other than economic development. The role of renewable energy consumption in reducing pollution should be correlated with quality of governan...
Main Authors: | , , , |
---|---|
Format: | Article |
Language: | English |
Published: |
Frontiers Media S.A.
2021-10-01
|
Series: | Frontiers in Environmental Science |
Subjects: | |
Online Access: | https://www.frontiersin.org/articles/10.3389/fenvs.2021.765927/full |
id |
doaj-200dcd6d032b44239b0c48281ca5bd6b |
---|---|
record_format |
Article |
spelling |
doaj-200dcd6d032b44239b0c48281ca5bd6b2021-10-11T07:34:36ZengFrontiers Media S.A.Frontiers in Environmental Science2296-665X2021-10-01910.3389/fenvs.2021.765927765927The Impact of Quality of Governance, Renewable Energy and Foreign Direct Investment on Sustainable Development in Cee CountriesMihaela Simionescu0Monica Răileanu Szeles1Monica Răileanu Szeles2Beata Gavurova3Urszula Mentel4Institute for Economic Forecasting, Bucharest, RomaniaInstitute for Economic Forecasting, Bucharest, RomaniaFaculty of Economic Sciences and Business Administration, Transilvania University of Brasov, Brasov, RomaniaFaculty of Mining, Ecology, Process Control and Geo Technologies, Technical University of Košice, Košice, SlovakiaDepartment of Projects Management and Security Policy, Faculty of Management, Rzeszow University of Technology, Rzeszow, PolandRecent debates on the Environmental Kuznets Curve (EKC) in the context of the European Green Deal highlights that pollution could be controlled using channels other than economic development. The role of renewable energy consumption in reducing pollution should be correlated with quality of governance, which could support initiatives for a cleaner environment. This study considers the renewable Kuznets curve for 10 Central and Eastern European countries in the period 2006–2019, using economic indicators (index of economic freedom, foreign direct investment, domestic credit to private sector and labour productivity) as control variables and indicators reflecting the quality of governance (Worldwide Governance Indicators and Google Trend indexes associated to key-word corruption in each language). The research is based on two types of panel data models: panel dynamic OLS model (PDOLS) and panel autoregressive distributed lag models based on pooled mean group (PMG) estimator. The results indicate that government effectiveness reduces pollution in both the short-run and long-run, while control of corruption and rule of law supports environmental protection in the long-run. Google searches for corruption as a proxy for quality of governance indicate that tGHG emissions have immediate and practical implications in nowcasting pollution.https://www.frontiersin.org/articles/10.3389/fenvs.2021.765927/fullrenewable Kuznets curvegoogle trendspollutioncorruptiongovernanceGHG emissions |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Mihaela Simionescu Monica Răileanu Szeles Monica Răileanu Szeles Beata Gavurova Urszula Mentel |
spellingShingle |
Mihaela Simionescu Monica Răileanu Szeles Monica Răileanu Szeles Beata Gavurova Urszula Mentel The Impact of Quality of Governance, Renewable Energy and Foreign Direct Investment on Sustainable Development in Cee Countries Frontiers in Environmental Science renewable Kuznets curve google trends pollution corruption governance GHG emissions |
author_facet |
Mihaela Simionescu Monica Răileanu Szeles Monica Răileanu Szeles Beata Gavurova Urszula Mentel |
author_sort |
Mihaela Simionescu |
title |
The Impact of Quality of Governance, Renewable Energy and Foreign Direct Investment on Sustainable Development in Cee Countries |
title_short |
The Impact of Quality of Governance, Renewable Energy and Foreign Direct Investment on Sustainable Development in Cee Countries |
title_full |
The Impact of Quality of Governance, Renewable Energy and Foreign Direct Investment on Sustainable Development in Cee Countries |
title_fullStr |
The Impact of Quality of Governance, Renewable Energy and Foreign Direct Investment on Sustainable Development in Cee Countries |
title_full_unstemmed |
The Impact of Quality of Governance, Renewable Energy and Foreign Direct Investment on Sustainable Development in Cee Countries |
title_sort |
impact of quality of governance, renewable energy and foreign direct investment on sustainable development in cee countries |
publisher |
Frontiers Media S.A. |
series |
Frontiers in Environmental Science |
issn |
2296-665X |
publishDate |
2021-10-01 |
description |
Recent debates on the Environmental Kuznets Curve (EKC) in the context of the European Green Deal highlights that pollution could be controlled using channels other than economic development. The role of renewable energy consumption in reducing pollution should be correlated with quality of governance, which could support initiatives for a cleaner environment. This study considers the renewable Kuznets curve for 10 Central and Eastern European countries in the period 2006–2019, using economic indicators (index of economic freedom, foreign direct investment, domestic credit to private sector and labour productivity) as control variables and indicators reflecting the quality of governance (Worldwide Governance Indicators and Google Trend indexes associated to key-word corruption in each language). The research is based on two types of panel data models: panel dynamic OLS model (PDOLS) and panel autoregressive distributed lag models based on pooled mean group (PMG) estimator. The results indicate that government effectiveness reduces pollution in both the short-run and long-run, while control of corruption and rule of law supports environmental protection in the long-run. Google searches for corruption as a proxy for quality of governance indicate that tGHG emissions have immediate and practical implications in nowcasting pollution. |
topic |
renewable Kuznets curve google trends pollution corruption governance GHG emissions |
url |
https://www.frontiersin.org/articles/10.3389/fenvs.2021.765927/full |
work_keys_str_mv |
AT mihaelasimionescu theimpactofqualityofgovernancerenewableenergyandforeigndirectinvestmentonsustainabledevelopmentinceecountries AT monicaraileanuszeles theimpactofqualityofgovernancerenewableenergyandforeigndirectinvestmentonsustainabledevelopmentinceecountries AT monicaraileanuszeles theimpactofqualityofgovernancerenewableenergyandforeigndirectinvestmentonsustainabledevelopmentinceecountries AT beatagavurova theimpactofqualityofgovernancerenewableenergyandforeigndirectinvestmentonsustainabledevelopmentinceecountries AT urszulamentel theimpactofqualityofgovernancerenewableenergyandforeigndirectinvestmentonsustainabledevelopmentinceecountries AT mihaelasimionescu impactofqualityofgovernancerenewableenergyandforeigndirectinvestmentonsustainabledevelopmentinceecountries AT monicaraileanuszeles impactofqualityofgovernancerenewableenergyandforeigndirectinvestmentonsustainabledevelopmentinceecountries AT monicaraileanuszeles impactofqualityofgovernancerenewableenergyandforeigndirectinvestmentonsustainabledevelopmentinceecountries AT beatagavurova impactofqualityofgovernancerenewableenergyandforeigndirectinvestmentonsustainabledevelopmentinceecountries AT urszulamentel impactofqualityofgovernancerenewableenergyandforeigndirectinvestmentonsustainabledevelopmentinceecountries |
_version_ |
1716828315066564608 |