期刊
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
卷 29, 期 36, 页码 54698-54717出版社
SPRINGER HEIDELBERG
DOI: 10.1007/s11356-022-19669-y
关键词
Fiscal decentralization; Green energy; Economic policy uncertainty; OECD; Environmental sustainability; Asymmetric
The study found that fiscal decentralization, green energy, and economic policy uncertainty have asymmetric impacts on environmental sustainability in different countries; green energy plays a significant role in reducing ecological footprint, but the response varies significantly across countries.
The paper explores the short-run and long-run asymmetric impact of fiscal decentralization, green energy, and economic policy uncertainty on environmental sustainability proxied by ecological footprint. Using the Nonlinear Autoregressive Distributed lag (NARDL) approach in selected five OECD countries, we find that ecological footprint responds to positive and negative fiscal decentralization asymmetrically in the long run and short run. However, the nature of the response varies significantly across countries. The result also suggests that green energy is a major factor in reducing the ecological footprint in all countries except Canada. Finally, economic policy uncertainty plays a negative and significant role in the ecological footprint in the UK, USA, and Germany while insignificant in Australia and Canada. Implications for effective environmental policies are discussed.
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