Original scientific paper
https://doi.org/10.1080/1331677X.2022.2076140
Impact of banking sector development and environment on population health: evidence from EU transition countries
Yilmaz , Bayar
Marius Dan Gavriletea
James Estes
Mirela Oana Pintea
Abstract
This study explores the short and long-run effects of banking sector
development and the environment on population health in EU
member transition states through second-generation panel cointegration
and causality analyses. The causality analysis revealed a significant
causality between banking sector development and
population health, but the causality direction varied depending on
the indicator of banking sector development. Also, a one-way causality
from greenhouse gas emissions per capita to population health
was revealed. Furthermore, the cointegration analysis revealed that
banking sector development had a very weak positive influence on
population health in Bulgaria, Croatia, Estonia, Romania, Slovakia,
and Slovenia, but had a very weak negative influence on population
health in Hungary, Latvia, Lithuania, Poland. On the other hand,
greenhouse gas emissions per capita had a negative effect on population
health in Bulgaria, Croatia, Lithuania, and Romania. Lastly, real
GDP per capita had a very weak positive influence on population
health in Czech Republic, Hungary, Latvia, Lithuania, and Slovenia.
Measures against environmental degradation need to be adopted
to improve population health. Since the consumption of fossil fuels
is the primary source of CO2 emissions, policymakers should find
proper policy tools for reducing emissions by finding the right balance
between costs and benefits.
Keywords
Banking sector development; environment; health; panel cointegration and causality analyses
Hrčak ID:
304275
URI
Publication date:
31.3.2023.
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