Corporate Social Responsibility and its Macroeconomic Implications
One of main concern of policy makers is pollution and hence the improvement of the environmental quality. The implementation of environment policies aims at improving life and product quality in order to replace those obtained by high polluting processes by less polluting ones. Countries having more strict environmental regulations are likely to suffer from a significant increase of their production costs. As a consequence these countries become less competitive on the international market and may lose their market share. In this context, an increasing attention was granted to the impact of environment policies on foreign trade. Our purpose in this paper is to investigate whether Corporate social responsibility introduced into Eastern European countries have led or not to a decline of exports towards the European Union (EU), and if so how much? This question is important since it is related to the preoccupation of EU new members to increase their exports and the quality of their products. Our econometric methodology based on recent developments of panel data techniques allow us to control for unobservable heterogeneity and hence to get robust empirical robust. Our results highlight a moderated impact of environmental regulations on foreign trade.
Volume (Year): 12 (2011)
Issue (Month): 1 (March)
|Contact details of provider:|| Postal: |
Web page: http://www.management.ase.ro/Email:
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- I-Hui Cheng & Howard J. Wall, 2005.
"Controlling for heterogeneity in gravity models of trade and integration,"
Federal Reserve Bank of St. Louis, issue Jan, pages 49-63.
- I-Hui Cheng & Howard J. Wall, 2004. "Controlling for heterogeneity in gravity models of trade and integration," Working Papers 1999-010, Federal Reserve Bank of St. Louis.
- Fritz Breuss & Peter Egger & Michael Pfaffermayr, 2010.
"Structural funds, EU enlargement, and the redistribution of FDI in Europe,"
Review of World Economics (Weltwirtschaftliches Archiv),
Springer, vol. 146(3), pages 469-494, September.
- Fritz Breuss & Peter Egger & Michael Pfaffermayr, 2003. "Structural Funds, EU Enlargement, and the Redistribution of FDI in Europe," WIFO Working Papers 195, WIFO.
- Mark N. Harris & László Kónya & László Mátyás, 2000. "Modelling the Impact of Environmental Regulations on Bilateral Trade Flows: OECD 1990-96," Melbourne Institute Working Paper Series wp2000n11, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
- Peter Egger, .
"A Note on the Proper Econometric Specification of the Gravity Equation,"
WIFO Working Papers
- Egger, Peter, 2000. "A note on the proper econometric specification of the gravity equation," Economics Letters, Elsevier, vol. 66(1), pages 25-31, January.
- Laszlo Matyas, 1997. "Proper Econometric Specification of the Gravity Model," The World Economy, Wiley Blackwell, vol. 20(3), pages 363-368, 05.
- repec:dgr:uvatin:20010039 is not listed on IDEAS
- Kahn Matthew E & Yoshino Yutaka, 2004. "Testing for Pollution Havens Inside and Outside of Regional Trading Blocs," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 3(2), pages 1-32, October.
- Céline CARRERE, 2003. "Revisiting the Effects of Regional Trading Agreements on trade flows with Proper Specification of the Gravity Model," Working Papers 200310, CERDI.
- Ghosh, Sucharita & Yamarik, Steven, 2004. "Are regional trading arrangements trade creating?: An application of extreme bounds analysis," Journal of International Economics, Elsevier, vol. 63(2), pages 369-395, July.
When requesting a correction, please mention this item's handle: RePEc:rom:rmcimn:v:12:y:2011:i:1:p:172-183. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marian Nastase)
If references are entirely missing, you can add them using this form.