Free trade agreements with environmental provisions between asymmetric countries: transfer of clean technology and enforcement

Konishi, Hideo; Nakada, Minoru; Shibata, Akihisa

doi:10.1007/s10018-023-00374-0

Cited by 2 publications

(1 citation statement)

References 27 publications

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“…A significant amount of empirical and theoretical research has been done to pinpoint the primary reasons behind increased environmental degradation. In the literature, the most significant contributors to environmental degradation are described as being financial development (Lyeonov et al ., 2019; Meo and Abd Karim, 2022; Hung, 2022), GRE (Xiong and Sun, 2022; Sun et al ., 2022; Jiang et al ., 2022; Konishi et al ., 2023), economic growth (Huang et al ., 2021; Luo et al ., 2021; Hung, 2020a; Lyeonov et al ., 2019) and energy consumption (Bilal et al ., 2022). GRE and technological advances are widely regarded as efficient methods of reducing CO 2 emissions since they boost energy efficiency and entail cleaner output (Li et al ., 2022a, b).…”

Section: Literature Reviewmentioning

confidence: 99%

Does green investment mitigate environmental degradation in Vietnam: the time-frequency effect of nonrenewable energy investment and globalization?

Thi Xuan,

Thai Hung

2024

MEQ

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PurposeAccelerating the green economy’s transition is a practical means of lowering emissions and conserving energy, and its effects on the greenhouse effect merit careful consideration. Growing environmental deterioration has compelled decision-makers to prioritize sustainability alongside economic growth. Policymakers and the business community are interested in green investment (GRE), but its effects on social and environmental sustainability are still unknown. Based on this, this study aims at looking into the time-frequency interplay between GRE and carbon dioxide emissions and assessing the impacts of economic growth, financial globalization and fossil fuel energy (FUE) usage on this nexus in Vietnam across different time and frequency domains.Design/methodology/approachThe authors employ continuous wavelets, cross wavelet transforms, wavelet coherence, Rua’s wavelet correlation and wavelet-based Granger causality tests to capture how the domestic variance and covariance of two-time series co-vary as well as the co-movement interdependence between two variables in the time-frequency domain.FindingsThe results shed new light on the fact that GRE will increase the levels of environmental quality in Vietnam in the short and medium run and there is a bidirectional causality between the two indicators across different time and frequencies. In addition, when the authors observe the effect of economic growth, financial globalization and fossil fuel energy consumption on this interplay, the findings suggest that, in different time and frequencies, any joined positive change in these indicators will move the CO2 emissions-GRE nexus.Practical implicationsPolicymakers and governments can greatly benefit from this topic by utilizing the function of economic institutions in capital control of GRE and CO2 emissions and modifying the impact of GRE on the greenhouse effect by accelerating the green growth of economic industries.Originality/valueThe current work contributes to the current literature on GRE and CO2 emissions in several dimensions: (1) considering the sustainable development in Vietnam, by employing a new single-country dataset of GRE index, this paper aims to contribute to the growing body of research on the factors that influence CO2 emissions, as well as to provide a detailed explanation for the relationship between GRE and CO2 emissions; (2) localized oscillatory components in the time-domain region have been used to evaluate the interplay between GRE and CO2 emission in the frequency domain, overcoming the limitations of the fundamental time-series analysis; (3) the mediation role of economic growth, financial globalization and FUE in affecting the GRE-CO2 relationship is empirically explored in the study.

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Section: Literature Reviewmentioning

confidence: 99%

Does green investment mitigate environmental degradation in Vietnam: the time-frequency effect of nonrenewable energy investment and globalization?

Thi Xuan,

Thai Hung

2024

MEQ

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Effects of environmental provisions in international trade agreements on businesses and economies – a systematic review

Gutsch,

Mai,

Ukhova

et al. 2024

SAMPJ

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Purpose International trade and its effects on the environment are increasingly discussed both in academia and by policymakers. To counter negative effects of international trade on the environment, so called environmental provisions have been integrated in trade agreements aimed at businesses and economies. However, as both the intent and effectiveness of these provisions are controversial, this paper aims to provide an overview of the current state of research and identified key factors influencing their effectiveness. Design/methodology/approach The authors conduct a systematic literature review of 44 papers on the effects of environmental provisions in international trade agreements on the environmental performance of businesses, as well as economies from 1992 to mid-2024. Findings The integration of environmental provisions into trade agreements generally has positive effects on the environment while their effectiveness is influenced by their design and several boundary conditions. Alongside the importance of effective enforcement mechanisms, reputation concerns of businesses and lobbyism are discussed as intermediary factors in the design and impact of environmental provisions. Practical implications The insights can benefit policymakers to optimize future environmental provisions and advance the effectiveness of policies aimed at balancing the effects of trade liberalization with environmental protection. Social implications Social sustainability is increasingly relevant for creating more sustainable trade policy while societal mechanisms seem to be an adequate tool to ensure effective enforcement of ecological provisions. Originality/value To the best of the authors’ knowledge, this review is the first of its kind to provide a systematic overview of the literature on the effectiveness of environmental provisions that combines the micro-level of businesses and macro-level of economies, although the importance for trade in general and environmental protection, in particular, has been recognized in the academic literature.

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Free trade agreements with environmental provisions between asymmetric countries: transfer of clean technology and enforcement

Cited by 2 publications

References 27 publications

Does green investment mitigate environmental degradation in Vietnam: the time-frequency effect of nonrenewable energy investment and globalization?

Does green investment mitigate environmental degradation in Vietnam: the time-frequency effect of nonrenewable energy investment and globalization?

Effects of environmental provisions in international trade agreements on businesses and economies – a systematic review

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