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• W4223444454 startingPage "6167" @default.
• W4223444454 abstract "This study aims to investigate why some countries are cleaner than the others with reference to macroeconomic governance (MEG) in order to explain how major macroeconomic aggregates should be governed to mitigate environmental pollution at the level of economic systems. Using per capita carbon dioxide emissions (CPC) as the proxy for air pollution, and macro-non-financial governance (MNFG) and macro-financial governance (MFG) as the proxies for MEG, the study introduces the systemic and fragmented governance of green complementarities (GCMs) and dirty complementarities (DCMs) as analytic concepts to compare the MEG models for managing pollution in 13 high-income countries (HICs), 10 upper-middle-income countries (UMICs), and nine lower-middle-income countries (LMICs) for the period 1994-2014. The paper concludes that (i) HICs reduced their CPC levels thanks to adopting green systemic governance by creating GCMs between both MNFG and MFG variables in the long run; (ii) UMICs experienced a remarkable increase in their CPC levels due to adopting dirty systemic governance by creating DCMs between the MNFG variables, but prevented pollution from being higher through creating GCMs between the MFG variables; and (iii) LMICs experienced the highest comparative increase in CPC due to adopting a fragmented governance in managing both MNFG-pollution and MFG-pollution nexus." @default.
• W4223444454 created "2022-04-14" @default.
• W4223444454 creator A5013482111 @default.
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• W4223444454 creator A5060002659 @default.
• W4223444454 creator A5063083606 @default.
• W4223444454 creator A5089304645 @default.
• W4223444454 date "2022-04-11" @default.
• W4223444454 modified "2023-10-16" @default.
• W4223444454 title "Why are some countries cleaner than others? New evidence from macroeconomic governance" @default.
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