Abstract
AbstractThe present work adds to the existing literature the analysis of the determinants of environmental taxation in European economies. Using a pooled panel data, we consider various groups of factors influencing environmental taxation referring to production and consumption, environmental performance and the quality of governance of European countries, taking into account their heterogeneity. We argue that in order to function, environmental taxation policy should rely on the virtuous interrelationship between economic development and institutional enforcement, which contributes to enhancing the process of environmental renaissance.
Highlights
In the economic literature, there has been a new wave of interest in the role of environmental taxation as an active policy of environmental protection
The effect of per capita income (GDP) on environmental taxation is positive and highly significant in the G1 and G2 groups. This confirms the relationship existing between the degree of economic development and environmental awareness
Countries that are in the advanced stage of economic development invest more on environmental protection
Summary
There has been a new wave of interest in the role of environmental taxation as an active policy of environmental protection. This interest mostly comes from the results achieved by the application of this policy in many countries, in so-called eco-leader. Her research interests are in the area of productivity and efficiency analysis, ICT, cultural participation, consumer’ demand and environment. Her publications include papers in books and academic journals. His research includes topics in theoretical and applied economics, such as transition economies, economics of innovation, sustainable development and environment, published in authored books and international journals
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