Department of Humanities and Social Sciences, Visvesvaraya National Institute of Technology, Nagpur, 440010, India.
Department of Economics, Indian Institute of Management, Bodh Gaya, Bihar, 824234, India.
Environ Sci Pollut Res Int. 2023 Jul;30(33):80192-80209. doi: 10.1007/s11356-023-28009-7. Epub 2023 Jun 9.
In recent years, environmental issues have become controversial, and policymakers are discovering new predictors of carbon emissions. Some economists/researchers have advocated for fiscal decentralization to improve the quality of the environment by offering more financial authority to provincial/local and sub-national governments. Therefore, this work aims to inspect the effect of fiscal decentralization on economic growth and environmental quality in India by taking data from 1996 to 2021. This work applies both ARDL and NARDL econometric models for empirical examination. The findings of this study suggest that expenditure decentralization has asymmetric long-term and short-term consequences on economic growth, and carbon emission in India. The result of the asymmetric ARDL model also indicates that positive and negative shock in expenditure decentralization contrarily affects economic growth and carbon emission. Moreover, the positive and negative shock in revenue decentralization helps in reducing carbon emissions both in the long run and short run in India. These outcomes are useful for policy analysis from the Indian economic policy perspective. The study also laid out potential outcomes that may benefit India's local governments and central government in resolving the issues of economic growth and environmental degradation.
近年来，环境问题备受争议，政策制定者正在发现新的碳排放预测指标。一些经济学家/研究人员主张实行财政分权，通过赋予省级/地方和次国家级政府更多的财政权力来改善环境质量。因此，本工作旨在通过 1996 年至 2021 年的数据，检验财政分权对印度经济增长和环境质量的影响。本工作采用了 ARDL 和 NARDL 计量经济学模型进行实证检验。本研究的结果表明，支出分权对印度的经济增长和碳排放具有长期和短期的非对称影响。不对称 ARDL 模型的结果还表明，支出分权的正向和负向冲击对印度的经济增长和碳排放产生相反的影响。此外，收入分权的正向和负向冲击有助于在长期和短期内在印度减少碳排放。这些结果对印度经济政策的政策分析具有重要意义。本研究还提出了潜在的结果，这些结果可能有利于印度的地方政府和中央政府解决经济增长和环境退化问题。
