Persistence of Shocks on Environmental Degradation in Oil-Exporting Countries: Implications for Environmental Policymaking
The objective of this study is to investigate policy shocks to the ecological footprints of 33 oil-exporting countries for the period 1961-2017. For this purpose, we apply the panel stationarity tests with both sharp and smooth breaks developed by Bahmani-Oskooee et al. (2014) and Carrion-i-Silvestr...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2021-06-01
|
| Series: | Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān |
| Subjects: | |
| Online Access: | https://jiee.atu.ac.ir/article_14230_6c4710623a58368654acef122317dae6.pdf |
| _version_ | 1797369265001594880 |
|---|---|
| author | Arian Daneshmand Mojgan Rostamirad |
| author_facet | Arian Daneshmand Mojgan Rostamirad |
| author_sort | Arian Daneshmand |
| collection | DOAJ |
| description | The objective of this study is to investigate policy shocks to the ecological footprints of 33 oil-exporting countries for the period 1961-2017. For this purpose, we apply the panel stationarity tests with both sharp and smooth breaks developed by Bahmani-Oskooee et al. (2014) and Carrion-i-Silvestre et al. (2005) to test the persistence of shocks on environmental degradation. The overall results suggest that shocks to the ecological footprint as an indicator of environmental degradation in oil-exporting countries have temporary effects. In other words, the ecological footprint under the two assumptions of long-term homogeneous variance and long-term heterogeneous variance has a mean-reverting behavior. The results of the univariate test also reveal that the ecological footprint is stationary at a 10% significance level for all oil-exporting countries except Canada, Congo, Egypt, Indonesia, and Iran. This implies that policymakers should design effective long-run policies to reduce the ecological footprint in these countries. |
| first_indexed | 2024-03-08T17:44:12Z |
| format | Article |
| id | doaj.art-b34e1b5cd882471187cb73c22fa9c5a4 |
| institution | Directory Open Access Journal |
| issn | 2423-5954 2476-6437 |
| language | fas |
| last_indexed | 2024-03-08T17:44:12Z |
| publishDate | 2021-06-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān |
| spelling | doaj.art-b34e1b5cd882471187cb73c22fa9c5a42024-01-02T10:49:31ZfasAllameh Tabataba'i University PressPizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān2423-59542476-64372021-06-01103912715810.22054/jiee.2022.66047.188914230Persistence of Shocks on Environmental Degradation in Oil-Exporting Countries: Implications for Environmental PolicymakingArian Daneshmand0Mojgan Rostamirad1Assistant Professor, Department of Political Economy and Public Policy, Allameh Tabataba'i University, Tehran, IranM. Sc. in Environmental Economics, Allameh Tabataba'i University, Tehran, IranIran.The objective of this study is to investigate policy shocks to the ecological footprints of 33 oil-exporting countries for the period 1961-2017. For this purpose, we apply the panel stationarity tests with both sharp and smooth breaks developed by Bahmani-Oskooee et al. (2014) and Carrion-i-Silvestre et al. (2005) to test the persistence of shocks on environmental degradation. The overall results suggest that shocks to the ecological footprint as an indicator of environmental degradation in oil-exporting countries have temporary effects. In other words, the ecological footprint under the two assumptions of long-term homogeneous variance and long-term heterogeneous variance has a mean-reverting behavior. The results of the univariate test also reveal that the ecological footprint is stationary at a 10% significance level for all oil-exporting countries except Canada, Congo, Egypt, Indonesia, and Iran. This implies that policymakers should design effective long-run policies to reduce the ecological footprint in these countries.https://jiee.atu.ac.ir/article_14230_6c4710623a58368654acef122317dae6.pdfpermanent and temporary shocksecological footprintpanel unit root testoil-exporting countries |
| spellingShingle | Arian Daneshmand Mojgan Rostamirad Persistence of Shocks on Environmental Degradation in Oil-Exporting Countries: Implications for Environmental Policymaking Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān permanent and temporary shocks ecological footprint panel unit root test oil-exporting countries |
| title | Persistence of Shocks on Environmental Degradation in Oil-Exporting Countries: Implications for Environmental Policymaking |
| title_full | Persistence of Shocks on Environmental Degradation in Oil-Exporting Countries: Implications for Environmental Policymaking |
| title_fullStr | Persistence of Shocks on Environmental Degradation in Oil-Exporting Countries: Implications for Environmental Policymaking |
| title_full_unstemmed | Persistence of Shocks on Environmental Degradation in Oil-Exporting Countries: Implications for Environmental Policymaking |
| title_short | Persistence of Shocks on Environmental Degradation in Oil-Exporting Countries: Implications for Environmental Policymaking |
| title_sort | persistence of shocks on environmental degradation in oil exporting countries implications for environmental policymaking |
| topic | permanent and temporary shocks ecological footprint panel unit root test oil-exporting countries |
| url | https://jiee.atu.ac.ir/article_14230_6c4710623a58368654acef122317dae6.pdf |
| work_keys_str_mv | AT ariandaneshmand persistenceofshocksonenvironmentaldegradationinoilexportingcountriesimplicationsforenvironmentalpolicymaking AT mojganrostamirad persistenceofshocksonenvironmentaldegradationinoilexportingcountriesimplicationsforenvironmentalpolicymaking |