Amaryllis Mavragani|Ioannis E. Nikolaou|Konstantinos P. Tsagarakis
Open Economy, Institutional Quality, and Environmental Performance: A Macroeconomic Approach
Democritus University of Thrace|Democritus University of Thrace|Democritus University of Thrace
subject economic development affects quality natural environment gained great momentum paper focuses examining extent openness market economy quality institution affect environmental performance majority current studies focus environmental kuznets curve level economic growth paper addresses question relating environmental environmental performance index macroeconomic gross domestic product per capita open markets index governance indicators worldwide governance indicators sample consists 75 countries including g20 eu members comprising 90 global trade investment findings show environmental performance index positively correlated institutional indicators confirm selected indices consistent previous studies suggesting environmental performance increases line economic development good governance increases countrys levels environmental protection applying factor analysis empirical model environmental performance index estimated suggesting significant positive correlation countrys economic growth openness economy high levels effective governance environmental performance