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Unpacking the green box: Determinants of Environmental Policy Stringency in European countries

Francisco Serranito, Donatella Gatti and Gaye-Del Lo

No 2023-25, EconomiX Working Papers from University of Paris Nanterre, EconomiX

Abstract: This paper identifies the determinants of OECD Environmental Policy Stringency (EPS) index using a panel of 21 European countries for the period 2009-2019. If there is a large literature on the macroeconomic, political, and social determinants of EPS, the people’s attitudes or preferences toward environmental policies is still burgeoning. Thus, the main goal of this paper is to estimate the effects of people’s awareness regarding environmental issues on the EPS indicator. Due to the endogeneity of preferences, we have applied an instrumental variable framework to estimate ourempirical model. Our most important result is to show that individual environmental preferences have a positive and significant effect on the level of EPS indicator : on average, a rise in individual preferences of 10% in a country will increase its EPS indicator by 2.30%. Our results have important policy implications.

Keywords: Environmental policy stringency; Environmental attitudes/concerns, inequality; environmental Kuznets curve; EU (search for similar items in EconPapers)
JEL-codes: Q0 Q1 Q3 Q50 Q54 Q56 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2023
New Economics Papers: this item is included in nep-agr, nep-eec, nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
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Downloads: (external link)
https://economix.fr/pdf/dt/2023/WP_EcoX_2023-25.pdf (application/pdf)

Related works:
Working Paper: Unpacking the green box: Determinants of Environmental Policy Stringency in European countries (2023) Downloads
Working Paper: Unpacking the green box: Determinants of Environmental Policy Stringency in European countries (2023) Downloads
Working Paper: Unpacking the green box: Determinants of Environmental Policy Stringency in European countries (2023) Downloads
Working Paper: UNPACKING THE GREEN BOX: DETERMINANTS OF ENVIRONMENTAL POLICY STRINGENCY IN EUROPEAN COUNTRIES (2023)
Working Paper: Unpacking the green box: Determinants of Environmental Policy Stringency in European countries (2023) Downloads
Working Paper: Unpacking the green box: Determinants of Environmental Policy Stringency in European countries (2023) Downloads
Working Paper: Unpacking the green box: Determinants of Environmental Policy Stringency in European countries (2023) Downloads
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