Tax and Non-tax Policies Towards the Finance of Sustainable Economy: The Mediating Role of Eco-Innovation

Emmanuel Ebo Arthur (), Raymond Kwame Adane Darfo-Oduro (), Solomon Gyamfi (), Yee Yee Sein (), Jan Stejskal () and Viktor Prokop ()
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Emmanuel Ebo Arthur: University of Pardubice
Raymond Kwame Adane Darfo-Oduro: University of Pardubice
Solomon Gyamfi: University of Pardubice
Yee Yee Sein: University of Pardubice
Jan Stejskal: University of Pardubice
Viktor Prokop: University of Pardubice

A chapter in Economics and Finance Readings, 2023, pp 181-199 from Springer

Abstract: Abstract Previous research indicates that government plays a key role in the influence of the circular economy (CE). It does this through regulations and fiscal policies such as taxes. Also, firms play key roles in complementing the efforts of government towards a CE. However, countries in Central and Eastern Europe (CEE) have shown a lag in achieving CE benefits compared to countries in Western Europe. This study therefore introduces eco-innovation activities of firms as a mediating variable between government tax and non-tax policies towards CE benefits. Data on 16 countries from 2000 to 2019 from the OECD and Eurostat were used. The countries used in the study are Slovakia, Czech Republic, Hungary, Poland, Slovenia, Finland, Denmark, France, Germany, Norway, Netherlands, Austria, Spain, Belgium, Portugal, and Italy. We confirmed the hypotheses that government tax and non-tax policies indirectly influence CE benefits through eco-innovation activities. Furthermore, this research contributes to the theory of green paradoxes by covering the stringency of government policies. We recommend that non-tax-based policies through subsidies and a strengthened institutional framework should promote CE.

Keywords: Tax; Non-tax; Eco-innovation; Sustainable economy; Circular economy (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-1979-6_11

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DOI: 10.1007/978-981-99-1979-6_11

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