Scandinavian Working Papers in Economics
Working Papers,
Copenhagen Business School, Department of Economics
No 8-2025: Do More Equal Societies Have Better Environment?
Hammed Musibau, Rabindra Nepal and Tooraj Jamasb ()
Additional contact information
Hammed Musibau: School of Economics and Public Policy, University of Adelaide, Adelaide, Australia
Rabindra Nepal: School of Business, Faculty of Business and Law, University of Wollongong, Wollongong, Australia
Tooraj Jamasb: Department of Economics, Copenhagen Business School, Postal: Copenhagen Business School, Department of Economics, Porcelaenshaven 16 A. 1. floor, DK-2000 Frederiksberg, Denmark
Abstract: This study investigates environmental impacts of wealth inequality, and the moderating roles of governance quality, education, and readiness for green transition. Using CO2 emissions as a multidimensional indicator, the study employs panel data from 216 countries (1970-2023) and IV-2SLS methodology. Findings suggest equitable societies achieve better environmental outcomes through social cohesion and inclusive governance. Strong institutions, education access, and renewable energy investments mitigate inequality's environmental effects.
Keywords: Wealth Inequality; Environmental Degradation; Governance; Green Energy; Education; Sustainable Development
JEL-codes: C33; H23; I25; O44; Q56
Language: English
36 pages, August 27, 2025
Full text files
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