Environmental degradation, economic growth, and energy innovation: evidence from European countries

In our study, we empirically examine the influence of economic growth on environmental degradation in the developed European economies through the period of study beginning in 1985 to 2015. For the econometric methodology, we employ the Cobb-Douglas production function. From the tests of cointegration (Kao and Fisher tests), we corroborate the existence of a cointegration nexus among the economic growth and pollution. Also, we confirm the hypothesis of basic EKC which assumes the existence of a bidirectional relationship between economic growth and emissions of CO2 in developed European countries during the period of study (1985-2015). In addition, we conclude that there is a two-way causal nexus among energy consumption and pollution in developed European countries.

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Economic growth and environmental degradation: How to balance the interests of developed and developing countries

ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT ◽

10.3280/efe2019-002002 ◽

2020 ◽

pp. 25-47

Author(s):

Anver C. Sadath ◽

Rajesh H. Acharya

Keyword(s):

Economic Growth ◽

Developing Countries ◽

Environmental Degradation

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Globalization, Poverty, Environmental Degradation and Economic Growth Nexus: Empirical Analysis of SAARC Regions

Studies of Applied Economics ◽

10.25115/eea.v39i1.3757 ◽

2020 ◽

Vol 39 (1) ◽

Author(s):

Adiqa Kiani ◽

Ejaz Ullah ◽

Khair Muhammad

Keyword(s):

Economic Growth ◽

Sri Lanka ◽

Empirical Analysis ◽

Environmental Degradation ◽

Negative Relationship ◽

Policy Makers ◽

Significant Negative Relationship ◽

The Impact

The main objective of this study is to investigate the impact of poverty, globalization, and environmental degradation on economic growth in the selected SAARC countries. This study is employed panel Autoregressive Distributive Lag (ARDL) technique for empirical analysis using selected SAARC regions including India, Pakistan, Bangladesh, Nepal and Sri Lanka over the period of 1980 to 2018. Globalization impacts economic growth positively and significantly. In addition to this the significant negative relationship is found between population and economic growth. The results show that poverty is positively related with environmental degradation. Furthermore, the results indicate that globalization is positively and significantly associated with environmental degradation in the SAARC region. Finally, the results show that urbanization is positive and significantly associated with environmental degradation, which could be the serious concerns for the policy makers to control.

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Harmonizing Social Welfare and Economic Growth: Case Studies of European Countries and Implications for Korea

SSRN Electronic Journal ◽

10.2139/ssrn.2488317 ◽

2014 ◽

Author(s):

Yoo-Duk Kang ◽

Cheol-Won Lee ◽

Tae Hyun Oh ◽

Hyun Jean Lee ◽

Junyup Kim

Keyword(s):

Economic Growth ◽

Social Welfare ◽

Case Studies ◽

European Countries

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Harmonizing Social Welfare and Economic Growth: Case Studies of European Countries and Implications for Korea

SSRN Electronic Journal ◽

10.2139/ssrn.2627904 ◽

2014 ◽

Author(s):

Yoo-Duk Kang ◽

Cheol-Won Lee ◽

Tae Hyun Oh ◽

Hyun Jean Lee ◽

Junyup Kim

Keyword(s):

Economic Growth ◽

Social Welfare ◽

Case Studies ◽

European Countries

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How do trade and economic growth impact environmental degradation? New evidence and policy implications from the ARDL approach

Environmental Science and Pollution Research ◽

10.1007/s11356-021-13739-3 ◽

2021 ◽

Author(s):

Benjamin Ampomah Asiedu ◽

Bright A. Gyamfi ◽

Evans Oteng

Keyword(s):

Economic Growth ◽

Environmental Degradation ◽

Policy Implications ◽

Ardl Approach ◽

New Evidence

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Revisiting the Environmental Kuznets Curve Hypothesis: A Case of Central Europe

Energies ◽

10.3390/en14123415 ◽

2021 ◽

Vol 14 (12) ◽

pp. 3415

Author(s):

Bartosz Jóźwik ◽

Antonina-Victoria Gavryshkiv ◽

Phouphet Kyophilavong ◽

Lech Euzebiusz Gruszecki

Keyword(s):

Economic Growth ◽

Co2 Emissions ◽

Central Europe ◽

Environmental Kuznets Curve ◽

European Countries ◽

Kuznets Curve ◽

The European Union ◽

Ekc Hypothesis ◽

Central European ◽

Long Run

The rapid economic growth observed in Central European countries in the last thirty years has been the result of profound political changes and economic liberalization. This growth is partly connected with reducing carbon dioxide (CO2) emissions. However, the problem of CO2 emissions seems to remain unresolved. The aim of this paper is to test whether the Environmental Kuznets Curve (EKC) hypothesis holds true for Central European countries in an annual sample data that covers 1995–2016 in most countries. We examine cointegration by applying the Autoregressive Distributed Lag bound testing. This is the first study examining the relationship between CO2 emissions and economic growth in individual Central European countries from a long-run perspective, which allows the results to be compared. We confirmed the cointegration, but our estimates confirmed the EKC hypothesis only in Poland. It should also be noted that in all nine countries, energy consumption leads to increased CO2 emissions. The long-run elasticity ranges between 1.5 in Bulgaria and 2.0 in Croatia. We observed exceptionally low long-run elasticity in Estonia (0.49). Our findings suggest that to solve the environmental degradation problem in Central Europe, it is necessary to individualize the policies implemented in the European Union.

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