Widiyanti, Marlina and Sadalia, Isfenti and Nugraha, Andhyka Tyaz (2021) Integrating Fiscal Matters With Environmental Sustainibility In Asean Countries: Role Of Fiscal Deficit, Interest Rate And Stock Exchange Index. Journal of Security and Sustainability, 10 (28). pp. 349-359. ISSN 2029-7017
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INTEGRATING FISCAL MATTERS WITH ENVIRONMENTAL SUSTAINIBILITY IN ASEAN COUNTRIES ROLE OF FISCAL DEFICIT, INTEREST RATE AND STOCK EXCHANGE INDEX.pdf - Published Version Download (749kB) | Preview |
Abstract
The current study was carried out with the objective of evaluating the relationship between environmental sustainability and fiscal deficit, stock exchange index & interest rate. A panel data methodology has been used for the period ranging 1995-2018. The econometric tests of cross-sectional dependence, cointegration, unit root and long run estimations were employed in the study. The estimation of the long run associations has been performed on the basis of the AMG estimations. The AMG estimations showed that interest rate and fiscal deficit have negative relationship with environmental sustainability, whereas increase in the stock exchange index, capitalization of the indexed companies has positive and significant effects on the environmental sustainability. The Konya causality analysis shows that the variables present bidirectional associations. The present study is novel as it is based upon studying the fiscal macroeconomic indicators and their relevance to the environmental sustainability. The novelty and significance of the study is reinforced by the fact that a new dataset has been used. The current study is also important from the regional standpoint as developments are being made in the ASEAN region. The study has some limitations which have been discussed along with the theoretical and policy making implications.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | AMG, Fiscal Deficit, Stock Exchange Index, ASEAN |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD9000-9495 Agricultural industries > HD9000.5.B313 Agricultural industries--Management. Food industry and trade--Management. Food--Marketing--Case studies. Corporations--Finance--Case studies. Industries--Environmental aspects--Case studies. Corporation law. H Social Sciences > HG Finance > HG4551-4598 Stock exchanges #3 Repository of Lecturer Academic Credit Systems (TPAK) > Corresponding Author |
| Divisions: | 01-Faculty of Economics > 61201-Management (S1) |
| Depositing User: | Marlina Widiyanti |
| Date Deposited: | 19 Apr 2022 12:25 |
| Last Modified: | 19 Apr 2022 12:25 |
| URI: | http://repository.unsri.ac.id/id/eprint/69025 |
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