Paper Title
The Dynamic Influence of Increasing Output, Energy use, Monetary Credit, and Good Governance on Environment: An Empirical Study of 23-Developing & Transition Economies

Abstract
In this study, the environmental degradation index (EDIN) and good governance index (GGI) are created by using the Principal component analysis (PCA). This study aims to find a dynamic impact of real output, energy use, monetary loans to the private enterprises, and savings on the created index of ecological deprivation. Moreover, this study discovers that good governance is aprompt solution to the problem. This study examines a panel dataset of 23 developing & economies in transition countries from 1997-2014. The panel ARDL/PMG models reveal the real output, energy use, and monetary credit harmful to the environment. However, domestic savings are favorable in this regard. Dumitrescu-Hurlin confirms causal relationships among the variables. Furthermore, results show that good governance is environmentally friendly in 23 developing & economies in transition countries. Hence, the sample countries could acceptgood governance as an instant remedy to deal with the environmental issue. Keywords - Environmental Degradation Index, Good Governance Index, Developing Countries, Economies In Transition, PCA Technique, ARDL/PMG Method.