Moving toward the sustainable environment of European Union countries: Investigating the effect of natural resources and green budgeting on environmental quality

Aydın M., Sogut Y., Altundemir M. E.

Resources Policy, vol.83, 2023 (SSCI) identifier

  • Nəşrin Növü: Article / Article
  • Cild: 83
  • Nəşr tarixi: 2023
  • Doi nömrəsi: 10.1016/j.resourpol.2023.103737
  • jurnalın adı: Resources Policy
  • Jurnalın baxıldığı indekslər: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, Aerospace Database, Aquatic Science & Fisheries Abstracts (ASFA), Business Source Elite, Business Source Premier, Communication Abstracts, Compendex, EconLit, Index Islamicus, INSPEC, Metadex, PAIS International, Pollution Abstracts, Public Affairs Index, Civil Engineering Abstracts
  • Açar sözlər: Ecological footprint, Environmental protection expenditures, Environmental taxes, Green budget, Natural resources
  • Açıq Arxiv Kolleksiyası: Məqalə
  • Adres: Bəli

Qısa məlumat

This study examines the relationship between ecological footprint, environmental protection expenditures, environmental taxes, natural resources rents, and economic growth for 20 European Union (EU) countries from 1995 to 2018 within the context of the environmental Kuznets curve (EKC) hypothesis. The panel cointegration test examines the long-run relationship between the variables. The results show that there is a cointegration in the model, and the EKC hypothesis is valid only for Austria, the Netherlands, Poland, and Slovenia. The long-run results are as follows: an increase in environmental protection expenditures leads to a decrease in the ecological footprint in Italy and Slovenia; in other words, it reduces environmental pollution. Environmental taxes reduce the ecological footprint in Romania, Slovakia, and Slovenia, while they increase in Poland. Moreover, it was found that as natural resource rents increase, environmental pollution also increases in Austria, Poland, and Slovakia. According to the results of the study, it is seen that the policies implemented to protect the environment in EU countries need to be revised.