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McClellanville Library
Closed for renovations
Phone: (843) 887-3699
Miss Jane's Building (Edisto Library Temporary Location)
2 p.m. – 6 p.m.
Phone: (843) 869-2355
Main Library
9 a.m. - 8 p.m.
Phone: (843) 805-6930
West Ashley Library
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Phone: (843) 766-6635
Folly Beach Library
Closed for renovations
Phone: (843) 588-2001
John L. Dart Library
9 a.m. - 7 p.m.
Phone: (843) 722-7550
St. Paul's/Hollywood Library
9 a.m. - 8 p.m.
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Mt. Pleasant Library
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Dorchester Road Library
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Edgar Allan Poe/Sullivan's Island Library
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Wando Mount Pleasant Library
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Phone: (843) 884-9741
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Multilateral environmental agreements and the growth of total factor productivity in developing countries: evidence from the foreign direct investment channel.
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- Author(s): Tsomb, Etienne Inedit Blaise Tsomb1 (AUTHOR) ; Atangana, Henri Ondoa1 (AUTHOR)
- Source:
Environment, Development & Sustainability. Nov2023, Vol. 25 Issue 11, p12965-12997. 33p.- Subject Terms:
- Source:
- Additional Information
- Abstract: Reducing the level of climate change and its effects on social, economic and environmental spheres is a key condition to achieve sustainable development goals in developing countries. This paper aims to analyse the effect of stringent environmental policy on the sustainable creation of wealth in developing countries. It focuses on the effect of multilateral environmental agreements on total factor productivity growth. An empirical analysis is conducted on panel data using a sample of 74 countries between 1995 and 2017. A quadratic regression is performed on a fixed-effects panel model, as well as on a Durbin spatial panel model using ordinary least squares, two-stage least squares and maximum likelihood. The results obtained show that MEA has a positive nonlinear short-term effect and a negative long-term effect on the growth of TFP in DCs. However, the long-term marginal effect increases with the foreign directs investments net inflows. Moreover, the results indicate that the spatial interdependencies between DCs are such that the participation of one DC in MEA favours the growth of TFP of its neighbouring countries. The paper also finds that the effect of MEA on the growth of TFP decreases with the country level of development, while this effect is greater in African and Latin America countries than in Asian and European developing countries. It is therefore recommended that developing countries join MEAs while improving their attractiveness to FDI through the improvement of the institutional framework and the promotion of good governance. [ABSTRACT FROM AUTHOR]
- Abstract: Copyright of Environment, Development & Sustainability is the property of Springer Nature and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Abstract:
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