DATT AND SUNDARAM PDF DRIVERS

Considerando que, en el corto plazo, sólo el crecimiento económico contribuye significativamente a la reducción absoluta de la pobreza.

Esto respalda la afirmación de que el estricto cumplimiento del estado de derecho es una condición de gobernanza importante para la reducción de la pobreza. Otras condiciones de gobernanza afectan las tasas de pobreza a través de los efectos de los ingresos y la distribución. El principal hallazgo del estudio muestra que el estado de derecho es la condición de gobernanza importante que ayuda directamente en la reducción de la pobreza en los países BRICS. La investigación se basa en seis medidas institucionales de las condiciones de gobernanza (efectividad del gobierno, estabilidad política y ausencia de violencia, control de la corrupción, voz y rendición de cuentas, calidad regulatoria y estado de derecho) que explican cómo la tasa de pobreza podría acelerarse a través de -Deficiente calidad institucional arraigada. El estudio emplea la cointegración de Kao (1999) seguida de pruebas de causalidad de mínimos cuadrados ordinarios totalmente modificados (FMOLS) y Dumitrescu-Hurlin (2012). Therefore, BRICS countries should focus on growth-enhancing sectors and strict compliance with the rule of law to achieve lower poverty rates.Įs El presente estudio tiene como objetivo explorar la relación entre las condiciones de gobernanza y la reducción de la pobreza absoluta en los países BRICS de 1997 a 2011.

Whereas, in the short-run only economic growth significantly contribute to absolute poverty reduction. This supports the assertion that strict compliance to the rule of law is the significant governance condition for poverty reduction. Other governance conditions affect poverty rates via income and distribution effects. The study's major finding shows that rule of law is the significant governance condition that directly helps in poverty reduction in BRICS countries. The investigation is based on six institutional measures of governance conditions (government effectiveness, political stability and absence of violence, control of corruption, voice and accountability, regulatory quality, and rule of law) that explain how the poverty rate could be speeded up by deep-rooted poor institutional quality. The study employs Kao's cointegration followed by Fully Modified Ordinary Least Square (FMOLS) and Dumitrescu–Hurlin causality tests. At the same time, the EU’s performance results on the SDGs show that the EU needs to continue its efforts in this direction.įinally, we conclude that green finance encompasses innovative financial instruments aimed at the environmental protection and the accomplishment of sustainable use of resources.Įn The present study aims to explore the relationship between governance conditions and absolute poverty reduction in BRICS countries from 1997 to 2011. Yet, no single country in the world has reached all the agreed objectives. Regarding the EU’s performance on the SDGs, EU member states are already leading the implementation of the SDGs. TheĮU is already showing that it is possible to have economic growth and also to reduce carbon emissions at the same time (European Commission, 2019b). As research method, we use table and graphical method in order to show the impact of green finance legislation on environmental protection, measuring the carbon emissions and also the progress in accomplishing the Sustainable Development Goals (SDGs). The second part of our paper pays attention to the institutional initiatives regarding greenįinance at EU level and their impact on environment protection. The first part of the paper reviews the literature regarding the concept of green finance, sustainable finance and also how green finance relates to environmental protection. The objective of this paper is to analyse how green finance, as part of the sustainable finance strategy, can help to improve environmental protection.

DATT AND SUNDARAM PDF DRIVERS

This process was named sustainable finance and it has become one of the drivers of EU environmental strategy and one of the EU policies. During recent years, the European Union (EU) has encouraged investments in sustainable activities meant to bring environmental and social benefits on a long term.

Datt and sundaram pdf