The Effect of Institutions and Globalization on the Environmental Performance of Selected Developing Countries

Document Type : Scientific paper

Authors

1 PhD Student, Department of Economics, Mianeh Branch, Islamic Azad University, Mianeh, Iran

2 Professor, Department of Economics, Faculty of Social Sciences and Economics, Alzahra University, Tehran, Iran.

3 Assistant Professor, Department of Economics, Miyaneh Branch, Islamic Azad University, Miyaneh, Iran

10.22080/mrl.2024.27310.2092

Abstract

The Effect of Institutions and Globalization on the Environmental Performance of Selected Developing Countries

Abstract
The environment is the place of life and the main provider of human needs, which is increasing in importance every day. The purpose of the present study is to investigate the impact of the governance institution and globalization on the environmental performance of selected developing countries using the PSTR regression model during the period of 2008-2022. The results of the estimations showed that there is a asymmetrically relationship between the variables of good governance and globalization with the environmental performance of the selected countries is developing; Because in the low regime (recession), only the effectiveness and Law quality index and globalization have a positive and significant effect on the environmental performance. While in both high (boom) and low (recession) regimes, the rule of law and corruption control index has a positive and significant effect on environmental performance. Also, the different values of the natural resource rent as a threshold in the high (boom) and low (recession) regimes are different on the type of effect of the explanatory variables on the environmental performance.

Keywords: Good Governance, Gross Domestic Product, Human Development Index, Rent of Natural Resources.

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History

  • Receive Date: 21 June 2024
  • Revise Date: 12 September 2024
  • Accept Date: 20 September 2024

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