Determinants of ecoefficiency: an analysis through the Tobit regression
DOI:
https://doi.org/10.6008/CBPC2179-6858.2018.002.0029Keywords:
Eco-efficiency, Development, Preservation, Tobit RegressionAbstract
The objective of this research was to determine, through a Tobit regression, the variables that had the greatest impact on the countries' Eco-efficiency Index. Of the explanatory variables used in the regression model, the Total Herd / Rural Area was the only one that was not significant. Gross Formation of Fixed Capital, Consumption of Fossil Fuels and Coal Rents have a negative effect on the eco-efficiency score, while the variables Adult Literacy Rate and Government Quality have a positive effect. The main implication of the results obtained is that stricter regulations are needed on the environmental theme, thus seeking to broaden the knowledge on the subject to propose better alternatives to achieve the much needed sustainability for future generations.
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