Overall business climate and its impact on environmental sustainability: analyzing evidence from ASEAN countries

Meqbel Mishary Aliedan ()
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Meqbel Mishary Aliedan: KFU - King Faisal University

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Abstract: This study examines the impact of overall business climate on the environmental sustainability factor by specifically considering the ASEAN countries named as Philippines, Malaysia, Vietnam and Singapore. This paper fills the gap of the previous researches by majorly considering the trade openness, competitiveness and ease of doing business as independent variables, environmental sustainability as a dependent variable, while GDP and inflation are studied as controlling variables. All the variables data are collected from the country's official sites over the period of 2000-2015. The long-run equilibrium relationship between the tested variables is confirmed by Kao and Pedroni based panel cointegration tests. According to the fully modified ordinary least square (FMOLS) results, the trade openness, ease of doing business, and GDP cause a significant negative influence on the environmental sustainability within the selected states as compared to competitiveness based independent variables. This paper is an informative approach in front of their state's business community, government, policymakers, natives, and other related ones to consider the negative influence of overall business climate on the environment. In addition, there are some limitations like if industrialization and population growth are considered as controlling variables then more significant and authentic outcomes will be generated.

Keywords: Trade Openness; Competitiveness; Ease of Doing Business; GDP; Inflation; Environmental Sustainability (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-cwa, nep-env and nep-sea
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Published in Journal of Security and Sustainability Issues, 2020, 10 (October), pp.291 - 302. ⟨10.9770/jssi.2020.10.oct(22)⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03121009

DOI: 10.9770/jssi.2020.10.oct(22)

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