Faculty of Economics and Management, Universiti Putra, Seri Kembangan, Malaysia.
Putra Business School, Seri Kembangan, Malaysia.
Environ Sci Pollut Res Int. 2020 Apr;27(11):11671-11682. doi: 10.1007/s11356-020-07768-7. Epub 2020 Jan 22.
The study aims to address the dynamic common correlated effects of trade openness, FDI, and institutional performance on environmental quality in OIC countries. Mostly, pollutants like CO and SO emissions are considered as the environmental indicators. However, for this study, we have selected ecological footprint as the indicator of environmental quality. The new econometric approach Dynamic Common Correlated Effects (DCCE) by Chudik and Pesaran (2015) has been used to measure the cross-sectional dependence among cross-sectional units. Results confirm that previous techniques for long panel data, like MG and PMG, give ambiguous outcomes in the presence of cross-sectional dependence. According to DCCE estimation, trade openness, FDI, and urbanization have a positive and significant relationship with ecological footprint while a significant and negative association is found between institutional performance and ecological footprint. The OIC countries must encourage green technology, clean production, and improved institutions for sustainable development and better environmental quality.
本研究旨在探讨开放贸易、外国直接投资和制度绩效对伊斯兰合作组织（OIC）国家环境质量的动态共同相关影响。大多数情况下，CO 和 SO 等污染物被视为环境指标。然而，在这项研究中，我们选择生态足迹作为环境质量的指标。Chudik 和 Pesaran（2015）提出的新计量经济学方法——动态共同相关效应（DCCE）被用于衡量横截面单位之间的横截面相关性。结果证实，在存在横截面相关性的情况下，先前用于长面板数据的技术，如 MG 和 PMG，会产生模糊的结果。根据 DCCE 估计，开放贸易、外国直接投资和城市化与生态足迹呈正相关且显著关系，而制度绩效与生态足迹呈显著负相关关系。OIC 国家必须鼓励绿色技术、清洁生产和改善制度，以实现可持续发展和更好的环境质量。
