Role of environmentally related technologies and revenue taxes in environmental degradation in OECD countries

Abstract

The current research study employed PMG (Pooled Mean Group) estimator to examine the impact of foreign direct investment in ows (FDI In ows), Trade Openness (TO), environmental-related technologies (ERTs), environmental-related tax revenues (ERTRs), and Economic growth (EG) on carbon dioxide (CO2) emission with a dataset of 36 OECD countries spanning from 1990 to 2020. Kao and Pedroni cointegration test results show that study variables are stationary at I(0) and I(I) that conform pooled mean group (PMG) panel ARDL method can be employed. Empirical results of PMG demonstrate that environmental-related tax revenues (ERTRs) help reduce CO2 emission while foreign direct investment in ows (FDI In ows), Trade Openness (TO), environmental-related technologies (ERTs) and Economic growth (EG) are signi cantly and positively related to environmental degradation. In context of study ndings several relevant nancial globalization policies are suggested. DeclarationsAuthor Contribution: Conceptualization and methodology Nudrat Fatima and Zheng Yanting, Methodology; writing-original draft, Nudrat Fatima, Supervision Zhang Yanting and Ni Guohua. All authors read and agreed to the published version of the manuscript.

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“…Therefore, it is necessary to ensure a sustainable environment without any social and economic loss at the domestic level. Such outcomes are occupied with the findings of [ 25 , 88 , 89 ]. However, Bashir et al [ 25 ], described the key role of environmental policy in OECD economies and found the supportive role of environmental tax in environmental quality.…”

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