TY - JOUR
T1 - Do environmental taxes impede economic growth? A comparison between China and India
AU - Ahmad, Muhammad Ishfaq
AU - Rehman, Ramiz Ur
AU - Naseem, Muhammad Akram
AU - Ali, Rizwan
PY - 2021/12
Y1 - 2021/12
N2 - The aim of this study is to determine the direction of causality between economic growth and environmentally oriented taxes between two countries, China and India. Further, it investigates which country is leading in environmental protection race by imposing and collecting more environmental taxes. The novel element of this study is that this is the first study comparing two economic rivals by environment taxes. The dataset consists of environmental taxes and its proportion to GDP and total taxes, transportation taxes, GDP and adjusted net savings for China and India. The data are taken from the organization of Economic Cooperation and Development (OECD) data bank from 2009 to 2018. The study utilizes the Granger causality to test the causal relationship between environment taxes and economic growth. The findings of the study posit that the imposition of environmental taxes will not only make the big economies environmental friendly but with sustainable economic growth.
AB - The aim of this study is to determine the direction of causality between economic growth and environmentally oriented taxes between two countries, China and India. Further, it investigates which country is leading in environmental protection race by imposing and collecting more environmental taxes. The novel element of this study is that this is the first study comparing two economic rivals by environment taxes. The dataset consists of environmental taxes and its proportion to GDP and total taxes, transportation taxes, GDP and adjusted net savings for China and India. The data are taken from the organization of Economic Cooperation and Development (OECD) data bank from 2009 to 2018. The study utilizes the Granger causality to test the causal relationship between environment taxes and economic growth. The findings of the study posit that the imposition of environmental taxes will not only make the big economies environmental friendly but with sustainable economic growth.
UR - http://dx.doi.org/10.1142/s2424786320500231
U2 - 10.1142/s2424786320500231
DO - 10.1142/s2424786320500231
M3 - Article
SN - 2424-7863
VL - 8
JO - International Journal of Financial Engineering
JF - International Journal of Financial Engineering
IS - 4
M1 - 2050023
ER -