The dynamics of CO2 emissions and economic growth: A comparative analysis using symbolic time series

2021 ◽  
Author(s):  
Juan Gabriel Brida ◽  
David Matesanz Gómez ◽  
Verónica Segarra
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Economic Performance ◽  
Developed Countries ◽  
The Other ◽  
Per Capita Gdp ◽  
Dynamic Relationship ◽  
Nonparametric Clustering ◽  
Per Capita ◽  
Over Time

The aim of this paper is to analyze the dynamic relationship between economic growth and CO2 emissions for a set of 98 countries over the lengthy period from 1951 to 2014. We describe the topology and hierarchy of countries and introduce a different concept of economic performance based on the idea of dynamic regimes. These regimes are defined by the average levels of per-capita CO2 emissions and the growth rates of per-capita GDP. By presenting a nonparametric clustering technique, the paper identifies two main groups. One cluster can be identified as the group of developed countries, which presents a homogeneous structure and tends toward more similar dynamics over time. The other cluster, associated with developing countries, is homogeneous but the dynamics of the countries do not show convergence. The study also finds some, though little, mobility between the groups.

scholarly journals From Convergence to Divergence: Portuguese Economic Growth, 1527–1850

2019 ◽  
Vol 79 (2) ◽  
pp. 477-506 ◽  
Author(s):  
Nuno Palma ◽  
Jaime Reis
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Eighteenth Century ◽  
Economic Decline ◽  
Upward Trend ◽  
Per Capita Gdp ◽  
Per Capita ◽  
European Standards ◽  
European Economies ◽  
First Time

We construct the first time-series for Portugal’s per capita GDP for 1527–1850, drawing on a new database. Starting in the early 1630s there was a highly persistent upward trend which accelerated after 1710 and peaked 40 years later. At that point, per capita income was high by European standards, though behind the most advanced Western European economies. But as the second half of the eighteenth century unfolded, a phase of economic decline was initiated. This continued into the nineteenth century, and by 1850 per capita incomes were not different from what they had been in the early 1530s.

scholarly journals INTERACTION BETWEEN THE ECONOMIC GROWTH AND THE CONSTRUCTION INDUSTRY: A TIME SERIES ANALYSIS ON TURKEY (2000-2012)

2013 ◽  
Vol 3 (1) ◽  
pp. 20-34 ◽  
Author(s):  
Bilal Kargı
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Time Series Analysis ◽  
Construction Industry ◽  
Developed Countries ◽  
The Other ◽  
Gdp Growth ◽  
Quarterly Data ◽  
Series Analysis ◽  
Gdp Growth Rate

In this study the relation between the economic growth and the construction industry has been tackled. While the growth the rate of the construction industry in the developing countries is more than the GDP growth rate, it is detected that the percent age it takes in the GDP of developed countries relatively diminishes. On the other hand the construction industry’s growth in the economic fluctuation periods, in the aftermath of a recession, is more than the GDP. These two proposals are tested by the quarterly data of 2000:01-2012:03 for Turkey. Additionally the relation between the economic growth and the construction industry is subjected to the Granger causality test.Keywords: Economic growth, construction industry, time series analysis.

scholarly journals Implication of Coal Expansion and Regional Energy Trading Center to Climate Goal: Dual Sustainability Analysis

2021 ◽  
Author(s):  
Edmund Ntom Udemba
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Environmental Sustainability ◽  
Ecological Footprint ◽  
Energy Use ◽  
Kuznets Curve ◽  
Per Capita Gdp ◽  
Long Run ◽  
Short Run ◽  
Per Capita

Abstract This current study seeks to investigate the policy implication of Turkey’s recent energy policies on its sustainable development. This study uses Turkey’s country-specific data and series of 1974 to 2018 for effective investigation and justification of the findings of this study with emphasis on both short run and long run implications. Three models were fitted to achieve study objectives to accommodate both environmental sustainability and economic impacts. Ecological footprint was considered better measure and used as proxy for the environment related model. In summary, with environment models, the selected series (per capita GDP, Industrialization, agriculture, coal as a single energy use and mixed energy use) except per capita GDP2 were found positively and significantly related to ecological footprint both in short run and long run which translates to poor performance of Turkey’s environment. Also, using economic growth model, the selected series (Industrialization, energy use and agriculture) were all confirmed positively and significantly related to the economic growth (per capita GDP). Additionally, Environmental Kuznets Curve (EKC) was established for Turkey’s environment and economic performance. Furthermore, using Granger causality as robust check to these findings, a nexus was found among the series confirming the validity of the cointegration (short and long run policies) estimations and results. In congruence with literature and hypotheses, the results from cointegration estimation shows that the twin polices may be good to the economic performance but will spark off adverse effect on environment.JEL Classification: C1, C32, E6, L7, O4, Q3, Q4, Q5

Konwergencja beta, sigma i gamma krajów postsocjalistycznych do Europy Zachodniej

2019 ◽  
Vol 17 (1) ◽  
pp. 217-243
Author(s):  
Mariusz Próchniak
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Developed Countries ◽  
Gdp Per Capita ◽  
Less Developed Countries ◽  
Per Capita ◽  
Γ Convergence ◽  
Over Time

The study aims to verify the existence of convergence of 28 European Union (EU) members and 16 non-EU post-socialist countries. The analysis covers the 1995–2018 period. The research has also been conducted for shorter subperiods: 1995–2004, 2004–2018, and 2010–2018. Three types of convergence are taken into account: beta (less developed countries exhibit a faster rate of economic growth than more developed ones), sigma (income differentiation decreases over time), and gamma (countries change their ranks in the GDP per capita ranking). The study confirms the existence of β-, σ-, and γ-convergence in both groups of countries. Convergence, however, is not an automatic phenomenon and there are years in which σ-divergence and γ-divergence were observed.

scholarly journals Dependency Ratio, Foreign Capital Inflows and the Rate of Savings in Pakistan

1992 ◽  
Vol 31 (4II) ◽  
pp. 843-856 ◽  
Author(s):  
Ashfaque H. Khan ◽  
Lubna Hasan ◽  
Afla Malik
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Economic Performance ◽  
Capita Income ◽  
Series Data ◽  
Per Capita Income ◽  
Savings Rate ◽  
Foreign Capital Inflows ◽  
Per Capita ◽  
Savings Rates

National savings are critically important to help maintain a higher level of investment which is a key determinant of economic growth. Although savings rates have fallen in many developing countries during the last two decades, Pakistan presents a unique picture of experiencing high rates of economic growth along with very low savings rates. In fact, the national savings rate of Pakistan is not only low compared to that in many countries with per capita income about the same as Pakistan's but it is even lower to that in some South Asian countries with lower per capita income. Pakistan's economic performance during the last three decades has been impressive. Real gross national product (GNP) has grown at an average rate of 6.0 percent per annum since 1960. The national savings rate, on the other hand, has fluctuated around an almost horizontal trend (15 percent) during the same period. Thus, Pakistan's saving performance and its overall economic performance appear to be incongruous. Although the low savings rates have become a major source of concern in recent years, not much attention has been devoted to highlight the key determinants of saving in Pakistan. In recent years, few studies have been done on this issue using both the time-series and cross-section data. Qureshi (1981); Abbot and DeRosa (1984) and Khan (1988) using time-series data have examined various determinants of household/national savings. Qureshi (1981) concentrated on economic determinants and found income and its rate of growth, the rate of return on financial assets and rate of inflation as key factors influencing household savings in Pakistan.

Guilds and Growth

2019 ◽  
pp. 511-563
Author(s):  
Sheilagh Ogilvie
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Late Medieval ◽  
Per Capita Gdp ◽  
Late Medieval Period ◽  
Rapid Economic Growth ◽  
Net Benefits ◽  
Per Capita ◽  
European Economies

This chapter discusses different measures of guild strength, in terms of guild numbers, producer—merchant relations, guilds' internal cohesiveness, their relationship with the state, characteristics of towns, interaction with the countryside, and the role of guild-free enclaves. It also examines how guild strength and weakness were associated with economic performance across pre-industrial Europe. First, European societies with relatively weak guilds saw comparatively rapid economic growth from the late medieval period onwards. Second, economic performance differed more modestly between societies with intermediate guilds and those with strong ones. Third, strong guilds were not associated with high per capita GDP or rapid economic growth at any point between 1300 and 1850. This casts doubt on the notion that guilds generated net benefits for European economies, even in their medieval inception.

Determinants of trade in recyclable wastes: evidence from commodity-based trade of waste and scrap

2013 ◽  
Vol 19 (2) ◽  
pp. 250-270 ◽  
Author(s):  
Keisaku Higashida ◽  
Shunsuke Managi
Keyword(s):  
Economic Growth ◽  
Gravity Model ◽  
Developed Countries ◽  
Industrial Activity ◽  
Per Capita Gdp ◽  
Trade Data ◽  
Pollution Haven ◽  
Per Capita ◽  
Empirical Methodology ◽  
Recycled Material

AbstractThis paper examines factors that affect the trade of recyclable waste in both exporting and importing countries. To this end, we employ two important elements: first, we adopt a gravity model in our empirical methodology; second, we select five waste and scrap commodities and undertake estimations using commodity-level trade data. We demonstrate that, the higher the wage/per capita GDP/population of an importing country, the more recyclable wastes it imports. This result suggests that the demand for final goods and, accordingly, the demand for materials including recycled material, have strong effects on the import volume of recyclable waste. Moreover, this implies that the imports of a developing country from developed countries increase with expanding industrial activity and economic growth. We find no evidence for a pollution haven for wastes and recycling.

International differences in labor productivity: Role of capital, technological level and resource rent

2016 ◽  
pp. 67-93 ◽  
Author(s):  
A. Zaytsev
Keyword(s):  
Labor Productivity ◽  
Developed Countries ◽  
Resource Rent ◽  
Per Capita Gdp ◽  
Technological Level ◽  
Per Capita ◽  
Oil Sector ◽  
Population Ratio ◽  
Gdp Gap ◽  
Productivity Gap

Using level accounting methodology this article examines sources of per capita GDP and labor productivity differences between Russia and developed and developing countries. It considers the role played by the following determinants in per capita GDP gap: per hour labor productivity, number of hours worked per worker and labor-population ratio. It is shown that labor productivity difference is the main reason of Russia’s lagging behind. Factors of Russia’s low labor productivity are then estimated. It is found that 33-39% of 2.5-5-times labor productivity gap (estimated for non-oil sector) between Russia and developed countries (US, Canada, Germany, Norway) is explained by lower capital-to-labor ratio and the latter 58-65% of the gap is due to lower technological level (multifactor productivity). Human capital level in Russia is almost the same as in developed countries, so it explains only 2-4% of labor productivity gap.

Economic Performance and Public Finance in Kenya, 1960-2010

2018 ◽  
Vol 47 (2) ◽  
Author(s):  
Kempe Ronald Hope
Keyword(s):  
Public Finance ◽  
Economic Performance ◽  
Emerging Economy ◽  
The Other ◽  
Government Investment ◽  
The Past ◽  
Other Hand ◽  
Private Savings ◽  
Per Capita ◽  
Real Growth

Countries with positive per capita real growth are characterised by positive national savings—including government savings, increases in government investment, and strong increases in private savings and investment. On the other hand, countries with negative per capita real growth tend to be characterised by declines in savings and investment. During the past several decades, Kenya’s emerging economy has undergone many changes and economic performance has been epitomised by periods of stability, decline, or unevenness. This article discusses and analyses the record of economic performance and public finance in Kenya during the period 1960‒2010, as well as policies and other factors that have influenced that record in this emerging economy. 

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