Legal Families and Environmental Protection: Is there a Causal Relationship?
32 Pages Posted: 24 May 2007 Last revised: 28 Apr 2010
Date Written: July 1, 2007
Abstract
In this paper we build up the analysis of La Porta et al. (1998), to investigate the importance of legal families in explaining the variations in pollution emissions in different countries. The main intuition behind our analysis is that the nations in which the rights of shareholders are more protected, promote real and financial investment; this increases the speed at which the per-capita income corresponding to the declining branch of the Environmental Kutznets Curve (EKC) is achieved. In econometrics different regressions analyses were performed using as dependent variables three different kinds of pollutants (CO2, fine suspended particulates and waste), including as an explanation some financial variables never before considered in this kind of study.
Keywords: Dummy variables, Environmental Kutznets Curve, Legal Families, Panel data, Pollution emissions.
JEL Classification: K4, Q0
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Legal Origins and Modern Stock Markets
By Mark J. Roe
-
Culture, Law, and Corporate Governance
By Amir N. Licht, Chanan Goldschmidt, ...
-
Shareholder Protection: A Leximetric Approach
By Priya Lele and Mathias Siems
-
The Evolution of Labour Law: Calibrating and Comparing Regulatory Regimes
By Simon Deakin, Priya Lele, ...
-
By Sofie Cools
-
By Sofie Cools