How Economic Policies Drive Climate Change: A Comparative Analysis of Groups of Middle- and High-Income Countries

Mohamed R. Abonazel (), Elsayed G. Ahmed (), Shawky Taha El-Baz () and Ehab Ebrahim Mohamed Ebrahim ()
Additional contact information
Mohamed R. Abonazel: Department of Applied Statistics and Econometrics, Faculty of Graduate Studies for Statistical Research, Cairo University, Giza, Egypt
Elsayed G. Ahmed: Department of Statistics and Insurance, Faculty of Commerce, Arish University, North Sinai, Egypt
Shawky Taha El-Baz: Department of Economics, Faculty of Commerce, Arish University, North Sinai, Egypt
Ehab Ebrahim Mohamed Ebrahim: Department of Economics, Faculty of Commerce, Kafrelsheikh University, Kafrelsheikh, Egypt; & Department of Economics, College of Business, Imam Mohammad Ibn Saud Islamic University (IMSIU), Riyadh, Saudi Arabia

International Journal of Energy Economics and Policy, 2024, vol. 15, issue 1, 447-455

Abstract: Fiscal and monetary policies are considered a main tool for any economy to achieve the desirable goals or to counter-cycle any problem facing the economy and one of the biggest deals facing any society is climate change. Thus, in this paper we are studying the effect of these policies on climate change by using panel data models across various countries according to income levels in the period from 1990 to 2020. The study explores how economic policies influence carbon dioxide (CO?) emissions to provide valuable insights for policymakers and researchers to integrate environmental considerations into economic decision-making processes. The findings indicate that economic policies significantly influence CO? emissions in both middle and high-income countries, except for the tax revenue in high-income countries. Findings reveal significant relationships between fiscal and monetary outcomes, highlighting the role of economic policies in addressing climate change.

Keywords: Climate Change; CO2 Emissions; Fiscal Policy; Monetary Policy; Pooled Regression Model; Fixed Effects Model; and Random Effects Model (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://econjournals.com/index.php/ijeep/article/download/17853/8527 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:v:15:y:2024:i:1:id:17853

Ordering information: This journal article can be ordered from
https://econjournals.com/index.php/ijeep

DOI: 10.32479/ijeep.17853

Access Statistics for this article

More articles in International Journal of Energy Economics and Policy from International Journal of Energy Economics and Policy
Bibliographic data for series maintained by Monica Sinhat ().