Insights for a sustainable environment: analysing the persistence of policy shocks to ecological footprints of Mediterranean countries. Issue 1 (2nd January 2022)

• Record Type: Journal Article
• Authors: Yilanci, Veli; Ulucak, Recep; Ozgur, Onder
• Is Part Of: Spatial economic analysis. Volume 17:Issue 1(2022)
• Page Start: 47
• Page End: 66
• Publication Date: 2022-01-02
• Subjects: environmental policies -- environmental sustainability -- ecological footprint -- RALS-LM unit root test; C1 -- C32 -- Q1 -- Q58; Space in economics -- Periodicals; Economic geography -- Periodicals; Space in economics -- Econometric models -- Periodicals; Urbanization -- Periodicals; Espace (Économie politique) -- Périodiques; Économétrie -- Périodiques; Géographie économique -- Périodiques; Économie industrielle -- Périodiques; Économie du travail -- Périodiques; Économie urbaine -- Périodiques; Politique économique -- Périodiques; Relations économiques internationales -- Périodiques; 330.9
• DOI: 10.1080/17421772.2021.1919313
• Languages: English
• ISSNs: 1742-1772

Abstract

ABSTRACT: As much as the importance of designing sustainable environmental policies, consideration of their probable effects is also crucial to foresee whether or not they may create desired changes. To this end, following more robust and current methodologies, Lagrange multiplier (LM) and residual augmented least-square LM (RALS-LM) approaches, this study investigates whether policy shocks to ecological footprints of Mediterranean countries have a permanent and temporary effect on the pathway of a sustainable environment. Results point out that a stricter policy stance should be required to generate permanent desired changes in the environment and achieve environmental sustainability.