Suchergebnisse

Purpose of the study: The current study aims to examine the relationship between corruption, democracy, military expenditure and environmental degradation in a panel of six ASEAN countries including Malaysia, Indonesia, Philippines, Thailand, Singapore and Vietnam using a panel data from 1995 to 2017. Methodology: In addition, the current study is unique in applying the sophisticated methods of panel Fully Modified Ordinary Least Square (FMOLS) and Dynamic Ordinary Least Square (DOLS) that have been adopted in several earlier quality research. Main Findings: The results of panel estimations conclude that corruption, military expenditure, and democracy have a noteworthy and significant impact on carbon dioxide emission in ASEAN countries. The results of FMOLS and DOLS confirm that there is a positive and significant impact of military expenditure and corruption on carbon dioxide emission. However, we found a negative and significant impact of democracy on carbon dioxide emission in all selected ASEAN countries. Implications: In general, the consequences of both statistical estimations affirm that corruption, democracy, and military expenditure are the critical and noteworthy determinants of carbon dioxide emission in ASEAN nations.

The aim of this study is to investigate empirically the role of Malaysian exports to TPP countries towards economic growth of Malaysia from 1997 to 2012.The results of this study confirm that Malaysian exports to TPP countries contribute in economic growth of Malaysia.Therefore, the result of this study is obtained through the empirical investigation of the model.Mainly, empirical investigation is based on FMOLS model but some preliminary tests are also performed.The results of unit root test presents that all Variables are non-stationary at level I(0) and become stationary after first difference I(1).In addition, results of Kao's panel cointegration shows that all the variables are cointegrated. Furthermore, Results of FMOLS confirms that out of all the variables included in the model, GDP, TRGDP and ER have significant effect on the exports. ECM panel unit root test were applied to confirm the stability of FMOLS. According to the unit root test of the residuals of FMOLS model, it can be confirmed that the long run results are not spurious.Results of Panel ECM show that out of all variables GDP and TRGDP are positively effect on exports.Finally, results of Granger Causality show that only CPI, GDP and TRGDP are cause exports in Malaysia.The government of Malaysia through understood the importance of exports with TPP member countries to boost economic growth.The latter not only contributes to economic growth through capital formation but also promotes trade activity by making financial resources available at lower cost; attracting foreign direct investment as well as facilitating development of advanced technology. Moreover, this study not only contribute to the exports and economic growth literature but also will guide the policy maker to chalk out right, effective and appropriate policy in order to improve exports between Malaysia and TPP countries.

The main purpose of this study was to examine the relationship between forestry and climate degradation in the modern era. Specifically, the study aimed to examine how forest areas are influencing environmental degradation. Given the inevitable link between forests and carbon dioxide (CO2), the current study focused on examining the impact of changes in forestry on the levels of CO2 emissions in top Asian economies, including China, India, Indonesia, Malaysia, and Thailand. To this end, the current study was quantitative in nature and utilized advanced methodology such as econometrics of quantile-on-quantile (Q-Q) regression to investigate the forests-environmental degradation link. In particular, we examined the effect of quantiles of forest areas on the quantile of climate change in top Asian economies using the time series data from 1990 to 2018. The findings confirmed that forest areas have a negative and significant impact on climate degradation in the majority of the groups of quantiles for all countries. Therefore, this study highlights the importance of forests in controlling environmental degradation in Asian economies. Lastly, the study recommends the respective government bodies to intervene and provide assistance in environmental initiatives to improve forestry levels. First published online 09 February 2021

We examine the effect of corporate environmental innovation (hereafter eco-innovation) on stock price crash risk and document a significant negative association. Utilising a large sample of publicly listed U.S. firms for the period 2003 to 2017, we find that an increase in eco-innovation from the 25th to the 75th percentile is associated with 17.62% reduction in stock price crash risk. This outcome remains robust to a variety of sensitivity tests and after accounting for potential endogeneity concerns. Eco-innovative firms attract more institutional investors and equity analyst following and disclose more information leading to lower stock price crash risk. Additional tests reveal that the negative effect of eco-innovation is contingent on the political leadership's ideology and environmental sensitivity. Our paper contributes to the ongoing discourse on the costs and benefits of eco-innovation, documenting the value-enhancing perspective of eco-innovation.