Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/274925 
Year of Publication: 
2022
Citation: 
[Journal:] Journal of Risk and Financial Management [ISSN:] 1911-8074 [Volume:] 15 [Issue:] 9 [Article No.:] 404 [Year:] 2022 [Pages:] 1-17
Publisher: 
MDPI, Basel
Abstract: 
The two broad carbon-reducing policies, carbon tax and cap-and-trade, have been implemented at various national and sub-national levels. This paper examines the relationships between emissions-reducing policies and their effect on the country's economic growth (GDP) using carbon tax and CO2 emission as explanatory variables and population and R&D as control variables. The study employs Granger causality analysis (GCA) and panel data regression analysis to find the relationships between GDP, emissions, and carbon tax. GDP usually increases as a country's carbon emissions, carbon tax, R&D, and population increase. The analysis of carbon reduction policies, especially carbon tax and their general impact on a country's economy, is a unique contribution of this study. The applications of this study are to motivate governments to form a national carbon abatement policy and encourage corporate leaders to invest in clean technology to grow the economy.
Subjects: 
carbon tax
economic impact
emissions
emissions policy
environmental impact
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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