Environmental Public Investment and Fiscal Countercyclicality: Resilience Channels and Cross-Country Evidence

This repository contains the complete replication package for the paper:

**“Environmental Public Investment and Fiscal Countercyclicality: Resilience Channels and Cross-Country Evidence”**

The package provides all data, programs, and documentation required to reproduce the empirical results reported in the manuscript submitted to *Economic Modelling*.

The repository includes:

* Raw and processed datasets used in the analysis;
* Stata data files (.dta);
* Stata do-files for data construction, estimation, robustness analyses, and figure generation;
* Programs reproducing all tables, figures, and appendix results reported in the paper;
* A detailed README file describing data sources, software requirements, package dependencies, file structure, and step-by-step replication instructions.

The empirical analysis examines the dynamic effects of environmental public expenditure shocks on fiscal countercyclicality using a panel of 34 advanced and emerging economies over the period 1995–2023. The replication materials allow users to reproduce the baseline local-projection estimates, institutional and income heterogeneity analyses, robustness checks, and all reported tables and figures.

Software requirement: Stata 18 (or later) with the user-written packages listed in the README file.

All files have been checked to ensure that the results presented in the manuscript can be independently replicated from the materials contained in this repository.