The Governance-Corruption-Environment Nexus: Insights from BIMSTEC Countries

This study is trying to investigate the interplay between democracy, corruption, and environmental degradation across the Bay of Bengal Initiative for Multisectoral and Economic Cooperation (BIMSTEC) region. Using a panel of seven BIMSTEC countries spanning a period of 20 years (2000-2019), we are trying to shed some light to examine the association among political factors, and the environmental degradation. We apply fixed effect and random effect estimation technique to analyze the relationship. Estimation results affirm that democracy increases carbon emissions. Furthermore, regression results also show that that a more politically stable country distribute more carbon emissions across the region.