Do Better Institutional Arrangements Lead to Environmental Sustainability: Evidence from India

Ishfaq Hamid, Mohammed Uddin, Iqbal Thonse Hawaldar, Md Shabbir Alam (), D. P. Priyadarshi Joshi and Pabitra Kumar Jena
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Ishfaq Hamid: Mudra Institute of Communication (MICA), Ahmedabad 380058, India
Iqbal Thonse Hawaldar: Department of Accounting & Finance, College of Business Administration, Kingdom University, Riffa P.O. Box 40434, Bahrain
Md Shabbir Alam: Department of Economics and Finance, College of Business Administration, University of Bahrain, Sakhir P.O. Box 32038, Bahrain
D. P. Priyadarshi Joshi: School of Economics, Gangadhar Meher University, Sambalpur 209205, India
Pabitra Kumar Jena: School of Economics, Shri Mata Vaishno Devi University, Katra 182301, India

Sustainability, 2023, vol. 15, issue 3, 1-19

Abstract: The efficient planning, execution, and management of institutional frameworks for climate change adaptation are essential to sustainable development. India, in particular, is known to be disproportionately vulnerable to the consequences of climate change. This study examines the effects of environmental taxes, corruption, urbanization, economic growth, ecological risks, and renewable energy sources on CO 2 emissions in India from 1978 to 2018. Therefore, the ARDL model is used to draw inferences, and Pairwise Granger causality is also applied to demonstrate a cause-and-effect relationship. The empirical results show that corruption, environmental dangers, GDP, and urbanization positively influence India’s carbon emissions. However, the results of short-run elasticities show that carbon emissions reduce ecological sustainability. Environmental hazards and costs, like other countries, impact India’s carbon emissions. Therefore, decision-makers in India should set up strict environmental regulations and anti-corruption measures to combat unfair practice that distorts competition laws and policies. In addition, the government concentrates more on energy efficiency policies that diminish carbon emissions without hampering economic growth in the country.

Keywords: carbon emission; environment taxation; corruption; environmental sustainability; India (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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