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.本仓库收录了论文**"Environmental Public Investment and Fiscal Countercyclicality: Resilience Channels and Cross-Country Evidence"**的完整复现包。 该套件包含复现提交至《Economic Modelling》的手稿中报告的实证结果所需的全部数据、程序与文档资料。 本仓库包含以下内容： * 研究分析中使用的原始与经处理数据集； * Stata格式数据文件（.dta）； * 用于数据构建、模型估计、稳健性检验与图表生成的Stata do文件； * 可复现论文中所有表格、图表及附录结果的程序； * 一份详细的README文件，说明数据来源、软件要求、套件依赖项、文件结构以及分步复现指南。 本次实证分析基于1995-2023年34个发达与新兴经济体的面板数据，探究了公共环境支出冲击对财政逆周期性的动态影响。本复现材料可支持用户复现基准局部投影法估计结果、制度与收入异质性分析、稳健性检验以及所有报告的表格与图表。 软件要求：Stata 18及以上版本，并需安装README文件中列出的用户自定义扩展包。 本仓库内所有文件均经过校验，可确保用户可独立基于本仓库材料复现手稿中展示的全部结果。