Exploring the Impact of Environmental Policies on Economic Growth: An Empirical Analysis Using SPSS

Abstract

Various locations and businesses have seen varied results when trying to determine the link between environmental policy and economic success which has raged on for decades. By using statistical analysis via the Statistical Package for Social Sciences, this research tries to evaluate how environmental rules and policies affect economic development. Specifically, this study looks at energy consumption, employment rates, carbon emissions, and gross domestic product (GDP) in a number of different economies during the last 20 years. This study offers a fresh way to look at the effects of green policies by using a larger and more varied dataset. It does this by getting around the problems that earlier studies had with using different methods, having small sample sizes, and differences between countries. This also uses sophisticated SPSS regression methods to fix prior issues with model specification and multicollinearity, which makes the results more reliable. Policymakers who want to balance sustainable development (SD) with economic growth can use the results of this study. It adds to the ongoing discussion by showing how environmental restrictions affect economic performance. The results show that different policy actions have different effects, both beneficial and bad, and they highlight the necessity for complex approaches to environmental management.