On environmental impacts of market-based reforms: evidence from the European and Central Asian transition economies

Nepal, Rabindra, Jamasb, Tooraj and Tisdell, Clement Allan (2017) On environmental impacts of market-based reforms: evidence from the European and Central Asian transition economies. Renewable and Sustainable Energy Reviews, 73 44-52. doi:10.1016/j.rser.2017.01.078


Author Nepal, Rabindra
Jamasb, Tooraj
Tisdell, Clement Allan
Title On environmental impacts of market-based reforms: evidence from the European and Central Asian transition economies
Journal name Renewable and Sustainable Energy Reviews   Check publisher's open access policy
ISSN 1879-0690
1364-0321
Publication date 2017-06-01
Sub-type Critical review of research, literature review, critical commentary
DOI 10.1016/j.rser.2017.01.078
Open Access Status Not yet assessed
Volume 73
Start page 44
End page 52
Total pages 9
Place of publication Kidlington, Oxford, United Kingdom
Publisher Pergamon Press
Collection year 2018
Language eng
Formatted abstract
Global warming and other adverse climate change impacts induced by anthropogenic carbon dioxide emissions are a major public policy concern around the world including transitional economies. This paper, therefore, examines the impacts of market-based economic reforms on per capita CO2 emissions in the European and Central Asian transition economies where environmental degradation was pervasive prior to these reforms. A dynamic panel data model is employed for this purpose for 28 countries covering 22 years from 1990 to 2012. Our overall results suggest that economic openness may not necessarily result in sustainable development although reforms in competition policy and corporate governance were the significant drivers of emissions reductions in the region. Hence, advances in competition policy and governance reforms are desirable given the available scope to extend these reforms. The structural shift to and emergence of light industries also contributed to declining CO2 emissions in the transition process. The direct impact of the Kyoto Protocol in reducing emissions is debatable which also raises doubts on the effectiveness of the Paris agreements.
Keyword Climate change
CO2 emissions
Economic reforms
Environmental policy
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Critical review of research, literature review, critical commentary
Collections: HERDC Pre-Audit
School of Economics Publications
 
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