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Impact of Institutions and Human Capital on CO 2 Emissions in EU Transition Economies

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  • Yilmaz Bayar

    (Department of Public Finance, Faculty of Economics and Administrative Sciences, Bandirma Onyedi Eylul University, 10200 Bandirma-Balikesir, Turkey)

  • Vladimir Smirnov

    (Scientific Department, All-Russian Research Institute VNII of Labour, 123995 Moscow, Russia
    Department of Economics, Finance University under the Government of the Russian Federation, 125167 Moscow, Russia)

  • Marina Danilina

    (Scientific Department, All-Russian Research Institute VNII of Labour, 123995 Moscow, Russia
    Department of Economics, Finance University under the Government of the Russian Federation, 125167 Moscow, Russia
    Department of Economics, Plekhanov Russian University of Economics (PRUE), 115093 Moscow, Russia)

  • Natalia Kabanova

    (Department of Economics, Finance University under the Government of the Russian Federation, 125167 Moscow, Russia)

Abstract

Environmental degradation is one of the most significant problems of the globalized world. This paper explores the impact of institutional development and human capital on CO 2 emissions in 11 EU transition economies over the period of 2000–2018 through co-integration analysis. The co-integration analysis revealed that human capital negatively affected CO 2 emissions in Croatia, the Czech Republic, Hungary, and Slovenia, and that institutions had a negative impact on CO 2 emissions in the Czech Republic. However, both institutions and human capital positively affected CO 2 emissions in Latvia and Lithuania.

Suggested Citation

  • Yilmaz Bayar & Vladimir Smirnov & Marina Danilina & Natalia Kabanova, 2021. "Impact of Institutions and Human Capital on CO 2 Emissions in EU Transition Economies," Sustainability, MDPI, vol. 14(1), pages 1-12, December.
  • Handle: RePEc:gam:jsusta:v:14:y:2021:i:1:p:353-:d:713792
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    References listed on IDEAS

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    1. M. Hashem Pesaran, 2006. "Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure," Econometrica, Econometric Society, vol. 74(4), pages 967-1012, July.
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    1. Shu, Haicheng & Wang, Yu & Umar, Muhammad & Zhong, Yifan, 2023. "Dynamics of renewable energy research, investment in EnvoTech and environmental quality in the context of G7 countries," Energy Economics, Elsevier, vol. 120(C).

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