Natural Resource Dependency, Political Stability, and Environmental Sustainability in the G7: Role of Operational Behaviors of Multinational Firms Using Quantile Regression

Mohammad Ridwan, Anowar Hossain, Tasfia Mahjabin, Md. Emran Hossain, Afsana Akther, Mohd Ziaur Rehman and Md. Eleais

Politická ekonomie, vol. preprint

Abstract: This study examines the impact of natural resource dependence, political stability, and the operational behaviors of multinational corporations (MNCs) on CO2 emissions in the G7 region from 1996 to 2021. Due to the non-normal distribution of the data, a quantile regression approach is employed to assess how these factors influence CO2 emissions across different emission levels. The results indicate that economic growth, natural resource reliance, and political stability contribute to higher CO2 emissions, whereas MNCs\' operation al behaviors and renewable energy use significantly reduce emissions. Robustness checks using Driscoll-Kraay Standard Errors, Generalized Least Squares (GLS), and Panel Corrected Standard Errors (PCSE) validate these findings. The causality test further reveals unidirectional causality from GDP, operational behaviors of MNCs, and natural resource rents to CO2 emissions, while renewable energy use exhibits a bidirectional causal relationship with emissions.

Keywords: Natural resources; operation behavior; political stability; renewable energy; quantile regression (search for similar items in EconPapers)
References: Add references at CitEc
Citations:

Downloads: (external link)
http://polek.vse.cz/doi/10.18267/j.polek.1511.html (text/html)
free of charge

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:prg:jnlpol:v:preprint:id:1511

Ordering information: This journal article can be ordered from
Redakce Politické ekonomie, Vysoká škola ekonomická, nám. W. Churchilla 4, 130 67 Praha 3
http://polek.vse.cz

DOI: 10.18267/j.polek.1511

Access Statistics for this article

Politická ekonomie is currently edited by Jiřina Bulisová

More articles in Politická ekonomie from Prague University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Stanislav Vojir ().