Legal Families and Environmental Protection: Is there a Causal Relationship?
Giuseppe Di Vita
Dummy Variables,Environmental Kutznets Curve,Legal Families,Panel Data,Pollution Emissions
Climate Change and Sustainable Development
In this paper we build up the analysis of La Porta et al. (1998), to investigate the importance of legal families in explaining the variations in pollution emissions in different countries. The main intuition behind our analysis is that the nations in which the rights of shareholders are more protected, promote real and financial investment; this increases the speed at which the per-capita income corresponding to the declining branch of the Environmental Kutznets Curve (EKC) is achieved. In econometrics different regression analyses were performed using as dependent variables three different kinds of pollutants (CO2, fine suspended particulates and waste), including as an explanation some financial variables never before considered in this kind of study.