Efficiency of environmental policy: Empirical evidence based on the application of VEC model

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F16%3A43910396" target="_blank" >RIV/62156489:43110/16:43910396 - isvavai.cz</a>

Výsledek na webu

<a href="http://www.inzeko.ktu.lt/index.php/EE/article/view/13394" target="_blank" >http://www.inzeko.ktu.lt/index.php/EE/article/view/13394</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.5755/j01.ee.27.5.13394" target="_blank" >10.5755/j01.ee.27.5.13394</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Efficiency of environmental policy: Empirical evidence based on the application of VEC model

Popis výsledku v původním jazyce

This paper considers the relationship between CO2 as the main variable of climate change and the environmental policy instruments covering environmental taxes and government spending on environmental protection. The effects of the gross domestic product, carbon price, final energy consumption and quality of air were considered using the Vector Error Correction Model. The analysis is based on the survey of environmental policy instruments in the Czech Republic using time series data over the period 1996-2012. The data are extracted from the Eurostat database. The performed research identified negative relationships between CO2 and government spending on environmental protection and between CO2 and carbon price. Furthermore, the research revealed that the government spending on environmental protection and the carbon price have a more significant effect on CO2 than environmental taxes in the Czech Republic. This implies that environmental taxation is mainly used as a source for raising budget revenues in the Czech Republic without any effect on the level of consumption of goods producing CO2 emissions. Therefore, we conclud that currently imposed environmental taxation is inefficient.

Název v anglickém jazyce

Efficiency of environmental policy: Empirical evidence based on the application of VEC model

Popis výsledku anglicky

This paper considers the relationship between CO2 as the main variable of climate change and the environmental policy instruments covering environmental taxes and government spending on environmental protection. The effects of the gross domestic product, carbon price, final energy consumption and quality of air were considered using the Vector Error Correction Model. The analysis is based on the survey of environmental policy instruments in the Czech Republic using time series data over the period 1996-2012. The data are extracted from the Eurostat database. The performed research identified negative relationships between CO2 and government spending on environmental protection and between CO2 and carbon price. Furthermore, the research revealed that the government spending on environmental protection and the carbon price have a more significant effect on CO2 than environmental taxes in the Czech Republic. This implies that environmental taxation is mainly used as a source for raising budget revenues in the Czech Republic without any effect on the level of consumption of goods producing CO2 emissions. Therefore, we conclud that currently imposed environmental taxation is inefficient.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

—

Projekt

<a href="/cs/project/EE2.3.30.0031" target="_blank" >EE2.3.30.0031: Postdoktorské pozice v technických a ekonomických oborech na MENDELU</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Inzinerine Ekonomika (Engineering Economics)

ISSN

1392-2785

e-ISSN

—

Svazek periodika

27

Číslo periodika v rámci svazku

5

Stát vydavatele periodika

LT - Litevská republika

Počet stran výsledku

11

Strana od-do

527-537

Kód UT WoS článku

000391089200004

EID výsledku v databázi Scopus

2-s2.0-85008197526