气候变化领域集成服务门户(CCPortal): What drives more for macroeconomic instability-carbon inequality or income inequality? Panel evidence from emerging economies

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DOI	10.1007/s10668-023-04455-8
	What drives more for macroeconomic instability-carbon inequality or income inequality? Panel evidence from emerging economies
	Sahu, Anjan Kumar; Mahalik, Mantu Kumar
发表日期	2024
ISSN	1387-585X
EISSN	1573-2975
英文摘要	Macroeconomic instability poses a significant risk that casts a shadow over the economy, environment, and society. Climate change and environmental degradation are risks to society subject to macroeconomic instability. Nevertheless, few studies have investigated the connection between macroeconomic volatility and ecological degradation, but the impact of inequality in emissions and income on macroeconomic instability remains untouched, especially in emerging economies. This study utilizes a balanced panel data of 22 emerging economies from 1996 to 2019 to unveil the effect of carbon and income inequality on macroeconomic instability. As control variables, we incorporate government expenditure, bank credit, and governance into the macroeconomic instability function. The outcomes of the baseline PMG-ARDL model imply that both carbon inequality and income inequality instigate macroeconomic instability. However, income inequality impedes macroeconomic stability more than carbon inequality. In addition, the results demonstrate that government expenditure reduces macroeconomic instability, whereas bank credit intensifies it. The results of FGLS estimation are also robust to the baseline model. These findings encourage policymakers in emerging economies to use various fiscal instruments to improve economic and environmental resilience and reduce carbon emissions and income inequality.
英文关键词	Macroeconomic volatility; Carbon disparity; Economic inequality; Autoregressive distributed lag; Feasible generalized least squares
语种	英语
WOS研究方向	Science & Technology - Other Topics ; Environmental Sciences & Ecology
WOS类目	Green & Sustainable Science & Technology ; Environmental Sciences
WOS记录号	WOS:001145192800001
来源期刊	ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/294878
作者单位	Indian Institute of Technology System (IIT System); Indian Institute of Technology (IIT) - Kharagpur
推荐引用方式 GB/T 7714	Sahu, Anjan Kumar,Mahalik, Mantu Kumar. What drives more for macroeconomic instability-carbon inequality or income inequality? Panel evidence from emerging economies[J],2024.
APA	Sahu, Anjan Kumar,&Mahalik, Mantu Kumar.(2024).What drives more for macroeconomic instability-carbon inequality or income inequality? Panel evidence from emerging economies.ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY.
MLA	Sahu, Anjan Kumar,et al."What drives more for macroeconomic instability-carbon inequality or income inequality? Panel evidence from emerging economies".ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY (2024).