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Legal Families and Environmental Protection: Is there a Causal Relationship?

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  • Giuseppe Di Vita

    (University of Catania)

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 regression 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.

Suggested Citation

  • Giuseppe Di Vita, 2007. "Legal Families and Environmental Protection: Is there a Causal Relationship?," Working Papers 2007.78, Fondazione Eni Enrico Mattei.
    • Handle: RePEc:fem:femwpa:2007.78
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    References listed on IDEAS

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    Cited by:

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    4. Markus Hang & Jerome Geyer‐Klingeberg & Andreas Rathgeber & Stefan Stöckl, 2018. "Economic Development Matters: A Meta‐Regression Analysis on the Relation between Environmental Management and Financial Performance," Journal of Industrial Ecology, Yale University, vol. 22(4), pages 720-744, August.
    5. Adrián Ferreras & Paula Castro & María T. Tascón, 2024. "Carbon performance and financial debt: Effect of formal and informal institutions," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 2801-2822, July.
    6. Horváthová, Eva, 2010. "Does environmental performance affect financial performance? A meta-analysis," Ecological Economics, Elsevier, vol. 70(1), pages 52-59, November.
    7. Alessandro Fiori Maccioni, 2018. "Environmental depletion, defensive consumption and negative externalities," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 41(2), pages 203-218, November.
    8. Concetta Castiglione & Davide Infante & Janna Smirnova, 2014. "Is There Any Evidence on the Existence of an Environmental Taxation Kuznets Curve? The Case of European Countries under Their Rule of Law Enforcement," Sustainability, MDPI, vol. 6(10), pages 1-21, October.

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    More about this item

    Keywords

    Dummy Variables; Environmental Kutznets Curve; Legal Families; Panel Data; Pollution Emissions;
    All these keywords.

    JEL classification:

    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General

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