CONTEMPORARY APPROACHES IN THE ANALYSIS OF ECONOMIC PERFORMANCES
ENVIRONMENTAL TAXES AND EXPENDITURES IN SELECTED COUNTRIES: PANEL DATA ANALYSIS
Jadranka Đurović Todorović, Marina Đorđević, Miloš Stojanović
Abstract: The aim of this paper is to analyze the link between revenues from environmental taxes and government environmental expenditure in 8 European countries. By implementing a panel data analysis on a defined sample, we come to the conclusion that there is a positive link between the government expenditure in the field of environmental protection and revenues from environmental taxes. The obtained results indicate that this link is strong. Increase in environmental tax revenues by 1% has an impact on the increase in government environmental expenditures by 0.99%. In order to make the development sustainable, it is necessary that in the observed countries the growth of these expenditures be faster than the growth of revenues from environmental taxes.
Keywords: environmental taxes, environmental expenditures, panel data analysis
Published: p. 197-207
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