Trade Openness, Political Stability and Environmental Performance: What Kind of Long-Run Relationship?

• Autorzy: Niu Jing , Wen Jun , Yang Xiu-Yun , Chang Chun-Ping

Warianty tytułu

PL

Otwartość w handlu, stabilność polityczna i wydajność środowiskowa: jaki rodzaj długotrwałej relacji?

• Języki publikacji: EN

Abstrakty

EN

This paper investigates the long-run relationships among environmental performance, political stability, and trade openness for 126 countries as well as the sub-samples of OECD and non-OECD countries, using the panel cointegration and panel-based error correction models for the period 2002-2014. For the full sample and the non-OECD countries, our results corroborate that there exists a long-term equilibrium cointegrated relationship among the variables. Moreover, the panel fully modified ordinary least square (FMOLS) estimations present that political stability and trade openness have a negative effect on environmental performance in full samples case as well as the non-OECD countries, whereas trade openness exhibits a positive influence on environmental performance in OECD countries. The vector error correction model (VECM) shows a diversified negative causalities running from trade openness and political stability to environmental performance in the long run for both full samples and the sub-samples countries. The policy implication is that pollution haven hypothesis (PHH) is supported and trade regulations can help promote environmental performance; meanwhile, political stability accelerates macroeconomic performance and attracts more foreign investment. Overall, the government can carry on a policy to lower pollution levels, thus further advancing environmental performance.

PL

W niniejszym artykule przeanalizowano długoterminowe relacje pomiędzy wydajnością środowiskową, stabilnością polityczną i otwartością handlu w 126 krajach, a także pod-próbki krajów OECD i spoza OECD, z wykorzystaniem kointegracji panelowej i panelowych modeli korekcji błędów za lata 2002-2014. W przypadku całej próby i krajów spoza OECD nasze wyniki potwierdzają, że między zmiennymi istnieje długookresowa równowagowa zależność. Co więcej, panel FMOLS wskazuje, że stabilność polityczna i otwartość handlu mają negatywny wpływ na wydajność środowiskową w przypadku pełnych próbek, jak również w krajach nienależących do OECD, podczas gdy otwartość handlowa ma pozytywny wpływ na wydajność środowiskowe w krajach OECD. Model VECM pokazuje zróżnicowane negatywne przyczyny, które wynikają z otwartości handlowej i stabilności politycznej na wydajność środowiskową w dłuższej perspektywie, zarówno dla pełnych próbek, jak i dla podpróbek. Konsekwencją polityczną jest to, że hipoteza PHH (pollution haven hypothesis) jest wspierana, a regulacje handlowe mogą pomóc w promowaniu wydajności środowiskowej; tymczasem stabilność polityczna przyspiesza wyniki makroekonomiczne i przyciąga więcej inwestycji zagranicznych. Ogólnie rzecz biorąc, rząd może prowadzić politykę mającą na celu obniżenie poziomu zanieczyszczeń, a tym samym umożliwia dalszy postęp w dziedzinie ochrony środowiska.

Słowa kluczowe

EN

political stability; trade openness; Environmental Performance Index; Panel Cointegration; causality

PL

stabilność polityczna; otwartość w handlu; Indeks Wydajności Środowiskowej; Panel Kointegracyjny; przyczynowość

• Wydawca: Lublin University of Technology
• Czasopismo: Problemy Ekorozwoju
• Rocznik: 2018
• Tom: Vol. 13, nr 2
• Strony: 57--66
• Opis fizyczny: Bibliogr. 33 poz., tab.

Twórcy

autor

Niu Jing

• Xi’an University of Finance and Economics, Xi’an, Shaanxi, China

autor

Wen Jun

• School of Economics and Finance, Xi’an Jiaotong University, Shaanxi, China

autor

Yang Xiu-Yun

• School of Economics and Finance, Xi’an Jiaotong University, Shaanxi, China
• School of Economics and Finance, Xi’an Jiaotong University, Shaanxi, China

autor

Chang Chun-Ping

• Xi’an University of Finance and Economics, Xi’an, Shaanxi, China

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