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Fiscal rules and green investments in developing countries
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Autores
Orientador(es)
Resumo(s)
This study highlights the effect of Fiscal Rules(FR) on Green Investments(GI) in developing
countries. We analyze the causal effect of adopting rules on green financing using the entropy
balancing method in 78 countries. Two hypotheses are tested in this study. The first one states
that adopting Fiscal Rules increases green financing, and the second one is related to the ability of
different types of rules to attract more investments to fight climate change. First, the results are
robust and show that adopting Fiscal Rules increases climate finance. Unlike expenditure rules,
deficit, debt, and revenue rules positively affect green financing. The effect of Fiscal Rules on green
finance is amplified in countries with strong economic performance, high levels of democracy, goodquality
institutions, and a well-functioning state apparatus. On the other hand, the effect of the
rules is mitigated in the presence of high natural resource rents.
Descrição
Palavras-chave
Fiscal rules green investment fiscal policy
Contexto Educativo
Citação
Crépin, Hisguima Dassidi (2023). "Fiscal rules and green investments in developing countries". REM Working paper series, nº 0298/2023
Editora
ISEG - REM - Research in Economics and Mathematics