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Do Globalisation and Environmental Policy Stringency affect the Environmental Terms of Trade? Evidence from the V4 countries

Athanasios Kampas (), Katarzyna Czech () and Stelios Rozakis
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Katarzyna Czech: Department of Econometrics and Statistics, Institute of Economics and Finance, Warsaw University of Life Sciences

No 2021-1, Working Papers from Agricultural University of Athens, Department Of Agricultural Economics

Abstract: This paper examines the links between globalisation and environmental policy stringency with the environmental terms of trade. The existence of dynamic links among the variables were explored using cross-correlations and Granger Causality tests. According to the results, the de jure and the de facto globalisation measures have different environmental impacts. Also, despite the fact that all V4 countries have introduced strict environmental policies, especially since 2000, the relative strength of these policies lag behind the maximum OECD stringency. As a result, the pollution heaven hypothesis cannot be excluded. The policy implications of the results are briefly discussed.

Keywords: Pollution Haven Hypothesis; Globalisation; Ecological Footprint of exports/ imports; Environmental Terms of Trade (search for similar items in EconPapers)
JEL-codes: Q50 Q51 Q56 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2021
New Economics Papers: this item is included in nep-ene, nep-env, nep-int and nep-res
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