Volume 30, Issue 1, 2021
DOI: 10.24205/03276716.2020.4032
Analysis of the implementation effect of environmental policy for economic development
Abstract
The primary aim to analysis on the implementation effect of environmental policy and economic development evidence from the country of China. Data based on secondary information collected from (WDI) world development indicators World Bank, official websites, etc. and the nature of this study is quantitative research. The data were elaborated by some using models and techniques such as descriptive test statistics, correlation analysis, regression analysis, and also unit root analysis apply in this study. These tests run from the E-views software to test the hypotheses. According to regression analysis, some variables are present a positive relationship, and some are negative and insignificantly related to each other. The research findings represent the overall significant and positive relationship between economic development and environmental policy. This research uses some different variables such as gross domestic product, (GDP), foreign trade (F.T.), per capita income (PCI), broad money growth (BMG), environmental sustainability (E.S.), energy consumption (E.C.), water productivity (W.P.), and natural resources for measuring the environmental policy in china. This research measure through the equational modelling techniques Research founded that there is a positive influence among environmental policy and economic development and economic growth.
Keywords
Environmental policy (E.P.), Economic Development (E.D.), Gross Domestic Product (GDP), Broad money Growth (BMG), Environmental Sustainability (E.S.), Foreign Trade (F.T.)