Environmental quality and its nexus with informal economy, corruption control, energy use, and socioeconomic aspects: the perspective of emerging economies
This paper explores the impacts of informal economic activities and institutional capacity, particularly, corruption control on the environmental quality degradation of emerging economies under the prevailing socio-economic conditions and energy use patterns of the countries. The study utilizes key...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2022-06-01
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| Series: | Heliyon |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S240584402200857X |
| _version_ | 1811334972849520640 |
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| author | Nahid Sultana Mohammad Mafizur Rahman Rasheda Khanam Zobaidul Kabir |
| author_facet | Nahid Sultana Mohammad Mafizur Rahman Rasheda Khanam Zobaidul Kabir |
| author_sort | Nahid Sultana |
| collection | DOAJ |
| description | This paper explores the impacts of informal economic activities and institutional capacity, particularly, corruption control on the environmental quality degradation of emerging economies under the prevailing socio-economic conditions and energy use patterns of the countries. The study utilizes key environmental degradation indicators: Carbon dioxide (CO2) emissions, ecological footprints (EFs), and Nitrous Oxide (NO) emissions, and a panel dataset of 15 emerging countries for the period 2002–2019 to undertake an empirical investigation. The pooled mean group (PMG)-ARDL estimator, Fully Modified OLS (FMOLS), Dynamic OLS (DOLS) and Augmented Mean Group (AMG) methods have been applied as empirical investigation techniques. The empirical findings reveal that in the long-run informal economic activities positively affect the environmental quality with fewer recorded emissions of CO2 and EFs while these activities affect negatively to NO emissions. This study has also found that corruption control improves environmental quality by reducing EFs and NO emissions but works to the opposite by increasing recorded CO2 emissions. An increase in economic growth and renewable energy consumption improves environmental quality in emerging countries, while consumption of non-renewable energy degrades the environmental quality. The robust empirical findings advocate policy initiatives for intense monitoring of informal activities and implementation of indirect tax policy to regulate informal activities and the pollution they cause. Careful measures of corruption control and initiatives to bring the informal economic activities into a formal framework are suggested to reduce CO2 and NO emissions. An increase in economic growth with more focus on renewables and phasing out non-renewables can ensure green growth in emerging countries. |
| first_indexed | 2024-04-13T17:17:10Z |
| format | Article |
| id | doaj.art-fa039293d2224d379f78a8f64585f63e |
| institution | Directory Open Access Journal |
| issn | 2405-8440 |
| language | English |
| last_indexed | 2024-04-13T17:17:10Z |
| publishDate | 2022-06-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj.art-fa039293d2224d379f78a8f64585f63e2022-12-22T02:38:06ZengElsevierHeliyon2405-84402022-06-0186e09569Environmental quality and its nexus with informal economy, corruption control, energy use, and socioeconomic aspects: the perspective of emerging economiesNahid Sultana0Mohammad Mafizur Rahman1Rasheda Khanam2Zobaidul Kabir3School of Business, University of Southern Queensland, Australia and Department of Economics, Jahangirnagar University, Bangladesh; Jahangirnagar University, Bangladesh; Corresponding author.School of Business, University of Southern Queensland, Australia and Department of Economics, Jahangirnagar University, BangladeshSchool of Business, University of Southern Queensland, Australia and Department of Economics, Jahangirnagar University, BangladeshSchool of Environmental and Life Sciences, University of Newcastle, AustraliaThis paper explores the impacts of informal economic activities and institutional capacity, particularly, corruption control on the environmental quality degradation of emerging economies under the prevailing socio-economic conditions and energy use patterns of the countries. The study utilizes key environmental degradation indicators: Carbon dioxide (CO2) emissions, ecological footprints (EFs), and Nitrous Oxide (NO) emissions, and a panel dataset of 15 emerging countries for the period 2002–2019 to undertake an empirical investigation. The pooled mean group (PMG)-ARDL estimator, Fully Modified OLS (FMOLS), Dynamic OLS (DOLS) and Augmented Mean Group (AMG) methods have been applied as empirical investigation techniques. The empirical findings reveal that in the long-run informal economic activities positively affect the environmental quality with fewer recorded emissions of CO2 and EFs while these activities affect negatively to NO emissions. This study has also found that corruption control improves environmental quality by reducing EFs and NO emissions but works to the opposite by increasing recorded CO2 emissions. An increase in economic growth and renewable energy consumption improves environmental quality in emerging countries, while consumption of non-renewable energy degrades the environmental quality. The robust empirical findings advocate policy initiatives for intense monitoring of informal activities and implementation of indirect tax policy to regulate informal activities and the pollution they cause. Careful measures of corruption control and initiatives to bring the informal economic activities into a formal framework are suggested to reduce CO2 and NO emissions. An increase in economic growth with more focus on renewables and phasing out non-renewables can ensure green growth in emerging countries.http://www.sciencedirect.com/science/article/pii/S240584402200857XCO2 emissionsEcological footprintsEconomic growthInformal economyRenewable and non-renewable energyCorruption control |
| spellingShingle | Nahid Sultana Mohammad Mafizur Rahman Rasheda Khanam Zobaidul Kabir Environmental quality and its nexus with informal economy, corruption control, energy use, and socioeconomic aspects: the perspective of emerging economies Heliyon CO2 emissions Ecological footprints Economic growth Informal economy Renewable and non-renewable energy Corruption control |
| title | Environmental quality and its nexus with informal economy, corruption control, energy use, and socioeconomic aspects: the perspective of emerging economies |
| title_full | Environmental quality and its nexus with informal economy, corruption control, energy use, and socioeconomic aspects: the perspective of emerging economies |
| title_fullStr | Environmental quality and its nexus with informal economy, corruption control, energy use, and socioeconomic aspects: the perspective of emerging economies |
| title_full_unstemmed | Environmental quality and its nexus with informal economy, corruption control, energy use, and socioeconomic aspects: the perspective of emerging economies |
| title_short | Environmental quality and its nexus with informal economy, corruption control, energy use, and socioeconomic aspects: the perspective of emerging economies |
| title_sort | environmental quality and its nexus with informal economy corruption control energy use and socioeconomic aspects the perspective of emerging economies |
| topic | CO2 emissions Ecological footprints Economic growth Informal economy Renewable and non-renewable energy Corruption control |
| url | http://www.sciencedirect.com/science/article/pii/S240584402200857X |
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