The Role of Legal System and Socioeconomic Aspects in the Environmental Quality Drive of the Global South
Özet
The increasing environmental challenges associated with the Global South is potentially
associated with the socioeconomic changes amid potential institutional defciencies such as
the weak or inefcient environmental regulation. Thus, this twenty-frst century challenge
has increasingly necessitated more climate action from the Global South as championed
by the developed economies. On this note, examines the environmental aspects of law and
order (LO) vis-à-vis legal system and socioeconomic (SE) indexes of the Political Risk
Services for a panel of 80 selected Global South countries over the period 1984–2014.
Additionally, by employing the economic growth vis-à-vis the Gross Domestic Product
per capita (GDPC) as additional explanatory variable, the study employs the more recent
experimental techniques of Mean Group Estimator (MG), the Augmented Mean Group
Estimator (AMG) and the Common Correlated Efects Mean Group (CCEMG). Importantly, with the more efcient CCEMG, the study found that the strength of the legal system in the Global South (although not statistically signifcant) is a crucial factor to mitigated carbon emission in the panel countries. However, the study found that an improved
socioeconomic condition and economic expansion is detrimental to the Global South’s
environmental quality. Furthermore, the Granger causality result implied that each of LO,
SE and GDPC exhibits a feedback relationship with carbon emissions. Hence, the study
suggests the need for a stronger implementation of environmental regulations through a
revitalized legal system and some concerted socioeconomic policies that address poverty
and unemployment among other factors.
Cilt
163Sayı
2Bağlantı
https://hdl.handle.net/11363/6026Koleksiyonlar
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