@article{(Open Science Index):https://publications.waset.org/pdf/10000277,
	  title     = {Environmental Policy Instruments and Greenhouse Gas Emissions: VAR Analysis},
	  author    = {Veronika Solilová and  Danuše Nerudová},
	  country	= {},
	  institution	= {},
	  abstract     = {The paper examines the interaction between the
environmental taxation, size of government spending on
environmental protection and greenhouse gas emissions and gross
inland energy consumption. The aim is to analyze the effects of
environmental taxation and government spending on environmental
protection as an environmental policy instruments on greenhouse gas
emissions and gross inland energy consumption in the EU15. The
empirical study is performed using a VAR approach with the
application of aggregated data of EU15 over the period 1995 to 2012.
The results provide the evidence that the reactions of greenhouse gas
emission and gross inland energy consumption to the shocks of
environmental policy instruments are strong, mainly in the short term
and decay to zero after about 8 years. Further, the reactions of the
environmental policy instruments to the shocks of greenhouse gas
emission and gross inland energy consumption are also strong in the
short term, however with the deferred effects. In addition, the results
show that government spending on environmental protection together
with gross inland energy consumption has stronger effect on
greenhouse gas emissions than environmental taxes in EU15 over the
examined period.
},
	    journal   = {International Journal of Environmental and Ecological Engineering},
	  volume    = {9},
	  number    = {1},
	  year      = {2015},
	  pages     = {172 - 176},
	  ee        = {https://publications.waset.org/pdf/10000277},
	  url   	= {https://publications.waset.org/vol/97},
	  bibsource = {https://publications.waset.org/},
	  issn  	= {eISSN: 1307-6892},
	  publisher = {World Academy of Science, Engineering and Technology},
	  index 	= {Open Science Index 97, 2015},
	}