Do the grey clouds of geopolitical risk and political globalization exacerbate environmental degradation? Evidence from resource-rich countries

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F24%3A63581718" target="_blank" >RIV/70883521:28120/24:63581718 - isvavai.cz</a>

Výsledek na webu

<a href="https://doi.org/10.1016/j.resourpol.2023.104533" target="_blank" >https://doi.org/10.1016/j.resourpol.2023.104533</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.resourpol.2023.104533" target="_blank" >10.1016/j.resourpol.2023.104533</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Do the grey clouds of geopolitical risk and political globalization exacerbate environmental degradation? Evidence from resource-rich countries

Popis výsledku v původním jazyce

Geopolitical risk is a potential impact of economic, political, social, and environmental aspects on the stability and security of a country or region. This risk can range from minor disruptions to major conflicts that can significantly affect the global economy and may affect countries in various ways, including disruptions to supply chains, demographic shifts, cultural differences, social and climate change, natural disasters, and resource depletion. This study examines the impact of geopolitical risk, political globalization and military expenses on environmental deterioration concerning natural resource abundance in countries from 1985 to 2020. The results based on Pooled Mean Group Autoregressive Distributive Lag (PMG-ARDL) econometric estimation indicate a direct effect of geopolitical risk and military expenses on carbon dioxide emissions (CO2) emissions in the long-as well as the short-run, whilst political globalization and Foreign Direct Investment (FDI) preserve ecological quality. These findings, confirmed by panel estimations including fully modified ordinary least squares (FM-OLS) and dynamic ordinary least squares (D-OLS), indicate that good governance in a country mitigates the geopolitical risk that can protect the environment quality. The study&apos;s findings propose various policy suggestions to save the ecological quality in natural resource abundance countries.

Název v anglickém jazyce

Do the grey clouds of geopolitical risk and political globalization exacerbate environmental degradation? Evidence from resource-rich countries

Popis výsledku anglicky

Geopolitical risk is a potential impact of economic, political, social, and environmental aspects on the stability and security of a country or region. This risk can range from minor disruptions to major conflicts that can significantly affect the global economy and may affect countries in various ways, including disruptions to supply chains, demographic shifts, cultural differences, social and climate change, natural disasters, and resource depletion. This study examines the impact of geopolitical risk, political globalization and military expenses on environmental deterioration concerning natural resource abundance in countries from 1985 to 2020. The results based on Pooled Mean Group Autoregressive Distributive Lag (PMG-ARDL) econometric estimation indicate a direct effect of geopolitical risk and military expenses on carbon dioxide emissions (CO2) emissions in the long-as well as the short-run, whilst political globalization and Foreign Direct Investment (FDI) preserve ecological quality. These findings, confirmed by panel estimations including fully modified ordinary least squares (FM-OLS) and dynamic ordinary least squares (D-OLS), indicate that good governance in a country mitigates the geopolitical risk that can protect the environment quality. The study&apos;s findings propose various policy suggestions to save the ecological quality in natural resource abundance countries.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50201 - Economic Theory

Projekt

—

Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2024

Kód důvěrnosti údajů

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

Název periodika

Resources Policy

ISSN

0301-4207

e-ISSN

1873-7641

Svazek periodika

89

Číslo periodika v rámci svazku

neuvedeno

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

11

Strana od-do

—

Kód UT WoS článku

001166149600001

EID výsledku v databázi Scopus

2-s2.0-85181130903