Moving towards the path of environmental sustainability in Developing-8 countries: investigating the role of country’s reputation in mitigating environmental externalities
Yükleniyor...
Tarih
2023
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Springer
Erişim Hakkı
info:eu-repo/semantics/embargoedAccess
Özet
A country’s reputation plays a crucial role in shaping public perceptions, attracting investment and promoting economic
development. At the same time, good governance is essential for promoting environmental sustainability and addressing
pressing environmental issues such as climate change, pollution and natural resource depletion. This study examines the
impact of a country’s reputation on environmental sustainability in Developing-8 countries using panel data obtained from the
Worldwide Governance Indicators and World Development Indicators for the duration from 1996 to 2020. This panel study
adopted the Method of Moment Quantile Regression with fxed efects and mean-based regressions. The results demonstrated
that the impact of the country’s reputation index on carbon dioxide (CO2) emissions is negative, yet signifcant. Also, all
the country’s reputation indicators negatively afect CO2 emissions, but the case of political stability is only signifcant in
the mid-quantiles, while government efectiveness is albeit insignifcant across quantiles. Furthermore, economic growth is
observed to stimulate CO2 emissions, while renewable energy consumption decreases CO2 emissions. These results have an
inherent heterogeneity, culminating in an asymmetric pattern of the distribution of CO2 emissions. The novelty of this study
is, frstly, the construction of a country’s composite reputation index for Developing-8 countries; and secondly, assessing
the impact of this index in mitigating environmental externalities measured by CO2 emissions. Based on these fndings, it is
recommended, among other things, the need for the D-8 countries to improve their reputation policy to be able to attain the
desired environmental sustainability.
Açıklama
Anahtar Kelimeler
Country reputation, Environmental externality, Sustainable development, Renewable energy, CO2 emissions, D-8 countries
Kaynak
Environmental Science and Pollution Research
WoS Q Değeri
N/A
Scopus Q Değeri
N/A
Cilt
30
Sayı
50
