THE ROLE OF INSTITUTIONAL QUALITY IN REDUCING ENVIRONMENTAL DEGRADATION IN CANADA

This paper uses the Fully Modified Ordinary Least Squares (FMOLS) technique to explore the influence of institutional quality, income, consumption of renewable energy, trade openness, and total factor productivity on consumption-based CO2 emissions in Canada from 1996 to 2021. Estimation findings sh...

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Bibliographic Details
Published inEconomics & sociology Vol. 17; no. 1; pp. 89 - 102
Main Authors Mukhtarov, Shahriyar, Aliyev, Javid, Jabiyev, Farid, Aslan, Davut Han
Format Journal Article
LanguageEnglish
Published Ternopil Centre of Sociological Research (NGO) 01.01.2024
Subjects
Alternative energy
Clean technology
Climate change
Consumption
Cooperation
Corruption
Developing countries
Economic growth
Emissions
Energy consumption
Environmental degradation
Environmental impact
GDP
Greenhouse gases
Gross Domestic Product
Income
Industrialized nations
International organizations
LDCs
Productivity
Renewable resources
Sustainable development
Transition economies
Canada
Pakistan
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Summary:This paper uses the Fully Modified Ordinary Least Squares (FMOLS) technique to explore the influence of institutional quality, income, consumption of renewable energy, trade openness, and total factor productivity on consumption-based CO2 emissions in Canada from 1996 to 2021. Estimation findings showed that institutional quality, renewable energy use, and total factor productivity exert a statistically significant and negative influence on CO2 emissions. Moreover, our findings indicated that there is a statistically significant and positive impact of income on CO2 emissions, while trade openness exhibits an insignificant impact on CO2 emissions. The study discusses alternative policies, emphasizing the role of institutional quality in reducing CO2 emissions.
ISSN:2071-789X
2306-3459
DOI:10.14254/2071-789X.2024/17-l/6