RETRACTED: Does political stability contribute to environmental sustainability? Evidence from the most politically stable economies
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Post-publication record
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Abstract
emissions in the top 10 most politically stable economies. Therefore, the current paper fills a gap in the existing literature. Innovative quantile-on-quantile regression and quantile causality approaches are applied to explore this nexus. The quantile-on-quantile regression results reveal that in the majority of the quantiles, political risk enhances environmental quality for the case of Norway, Sweden, Canada, and Switzerland. Moreover, political risk degrades the quality of the environment in Australia, Germany, and Denmark, while the outcomes were mixed for the rest. Since political stability has encouraged international corporations to invest. As a result, guaranteeing political stability will attract more foreign investment, pressuring the governments of these countries to treat the climate catastrophe more urgently. Moreover, reforms should be aimed at sustaining existing environmental policies related to the green economy, while local and international firms should vigorously pursue investments in renewable energy sources and energy-saving-efficient technologies.
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The record
- Venue
- Heliyon
- Topic
- Energy, Environment, Economic Growth
- Field
- Economics, Econometrics and Finance
- Canadian institutions
- —
- Funders
- —
- Keywords
- Quantile regressionNexus (standard)QuantilePoliticsEconomicsSustainabilityPolitical riskEnvironmental qualityInvestment (military)Public economicsEconomyPolitical scienceEconometrics
- Has abstract in OpenAlex
- yes