Effectiveness of Carbon Pricing Policy: The Case of Nordic Countries
Yazarlar (3)
| Makale Türü |
Özgün Makale
(Uluslararası alan indekslerindeki dergilerde yayınlanan tam makale)
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| Dergi Adı | |||
| Makale Dili | – | Basım Tarihi | 12-2023 |
| Makale Linki | https://www.researchsquare.com/article/rs-3131634/latest | ||
| UAK Araştırma Alanları |
Maliye Politikası
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| Özet |
| Carbon taxation has become prominent as an effective policy tool in combating global climate change in today's world. This study aims to investigate the impact of carbon pricing on carbon emissions and carbon footprint (CF), focusing on the Nordic countries, which were the first to implement carbon taxation, using panel data analysis method between 1992 and 2021. The econometric tests applied in the study are as follows, in order: cross-section dependence tests, Delta homogeneity tests, second-generation panel unit root tests, Gegenbach et al.(2016) panel cointegration test, panel Dynamic Ordinary Least Squares Mean Group (DOLSMG) estimator, and Dumitrescu and Hurlin (2012) panel causality test. According to the findings of the coefficient estimation results, we determine that carbon pricing is effective in reducing carbon emissions and CF. In addition to the findings indicating cointegration among the variables, we also obtain evidence of a unidirectional causal relationship from carbon pricing to carbon emissions and CF. |
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