scholarly journals Decoupling economic growth from greenhouse gas emissions: the case of the energy sector in V4 countries

Equilibrium ◽  
2020 ◽  
Vol 15 (2) ◽  
pp. 235-251 ◽  
Author(s):  
Jana Chovancová ◽  
Juraj Tej
Keyword(s):  
Economic Growth ◽  
Ghg Emissions ◽  
Value Added ◽  
Energy Sector ◽  
Environmental Indicators ◽  
Positive Trend ◽  
The European Union ◽  
Gas Emissions ◽  
Environmental Pressures ◽  
The Government

Research background: The production and use of energy satisfies human needs, but also gives rise to a host of adverse environmental pressures, such as air pollution and waste generation. The issue of energy efficiency and climate chance resonates in the energy sector as one of the main producers of green-house gas emissions (GHG). While the European Union in general is doing well in reducing emissions and increasing the share of renewables, unfortunately, there are countries that are still far from reaching their goal. Purpose of the article: The paper is focused on the quantitative assessment of the link between the economic growth of the energy sector and the production of GHG emissions by the energy sector in V4 countries during the period 1995–2016. For this purpose, decoupling analysis will be realized. Methods: The decoupling of economic growth and the environmental pressures caused by this growth has a rich tradition within the sustainable development literature. The decoupling method was chosen for its ability to link economic and environmental indicators. Decoupling elasticity will be calculated with the aim of assessing the relationship between the economic growth of the energy sector (measured in GVA) and GHG emissions produced by the energy sector in V4 countries within the research period. Decoupling elasticity indicates different forms of the decoupling and coupling of the two variables. Findings & Value added: The results of the analysis suggest the prevailing strong decoupling of the economic growth of the energy sector and GHG emissions produced by the energy sector, which can be considered a positive trend. The findings of this paper are relevant for the government, state and public institutions and stakeholders in general, who play important roles in the preparation of programs, projects and policies to make energy generation, transport and use more efficient and environmentally sustainable.

scholarly journals ECONOMIC GROWTH, URBANISATION AND CARBON EMISSIONS: EVIDENCE FROM SELECTED ASEAN COUNTRIES

2020 ◽  
Vol 6 ◽  
pp. 9-16
Author(s):  
Seng-Huat Tan ◽  
Meenchee Hong
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Carbon Emissions ◽  
Urban Population ◽  
Environmental Governance ◽  
Value Added ◽  
Pollution Problem ◽  
Per Capita ◽  
Asean Countries ◽  
The Government

Climate change is considered as the most severe and urgent environmental issue in this present era. There is a clear consensus that the climate change problem is much related to the rising level of carbon emissions in the atmosphere. The link between economic growth, urbanization and carbon emissions was examined extensively in the literature. Fast-paced economic growth will advance urbanization in a country and result in higher energy consumption to meet various needs in an urban economy. This conditions will trigger more carbon emissions and generate more pollution problem. This paper aims to discuss and compare the growth pattern of economic growth, urbanization and carbon emissions between five selected ASEAN countries such as Indonesia, Malaysia, Philippines, Thailand and Vietnam for the period 1990-2018. All these five countries have recorded at least 4% economic growth rate in the year 2018. In the same period, Indonesia has the largest in term of total value added in manufacturing. Similarly, Vietnam has the largest growth of value-added in the same industry. Among all, Indonesia has the largest urban population whilst Malaysia has the highest rate in urbanization and carbon emissions per capita. The upward trend of urban population and carbon emissions per capita in these countries exhibit certain pressures and challenges to the countries’ environmental quality. Therefore, the government in these countries should pay attention to environmental governance to achieve sustainable urbanization while prioritizing economic growth

scholarly journals Impact of Implementation of Goods and Service Tax on Indian Banking Sector

2018 ◽  
pp. 18-32
Author(s):  
Revathi R. ◽  
Madhushree ◽  
P. S. Aithal
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Value Added ◽  
Tax System ◽  
Tax Rate ◽  
Bank Branches ◽  
Goods And Services ◽  
The Government ◽  
One Year ◽  
The Impact

The banking sector is one of the biggest and revenue generating sector in our economy. Indiais a country with impressively splendid banks with sufficient capital and well-regulated rulesand regulations. One of the biggest transformations that the sector faced during this period isGST i.e., Goods and Service Tax, a new tax regime introduced in the midnight of 1 July2017. Now the new tax regime has become one year old and there are so many changeswhich happened in the banking sector during this one-year periods. Introduction of GST tothe banking sector was one the highly risky and challenging role for the government. GST isa replacement to the Value Added Tax (VAT) which was implied on goods and services. Themain purpose of studying the impact of implementation of GST is to avoid double taxationon goods and services. It is a self-regulated tax system with a simplifies tax regime whichreduces the multiplicity of tax. The purpose of this study is to know the challenges faced bythe Banking sector and its effects on the customers after the implementation of the GST.New tax regime made an incredible step by the abolish of centralized registration of thebanks. Now all the bank branches have to register under GST in each state for the smoothfunctioning. The tax rate has created an impression in the banking sector that the sector iscontributing much toward the economic growth of the country. Tax slabs is anotherimportant and critical thing discussed in this paper which has substantially increasedcompared to the old tax regime. Data for the study have been collected from secondary datasources such as journals, internet, and news articles. Using the ABCD qualitative analysistechnique, advantages, benefits, constraints, and disadvantages for both banks and thecustomers for payment of GST are identified.

Government expenditure and economic growth in the European Union countries

2018 ◽  
Vol 45 (2) ◽  
pp. 372-386 ◽  
Author(s):  
Gitana Dudzevičiūtė ◽  
Agnė Šimelytė ◽  
Aušra Liučvaitienė
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Government Spending ◽  
Government Expenditure ◽  
The European Union ◽  
Policy Makers ◽  
Content Type ◽  
Eu Countries ◽  
The Government ◽  
The Relationship

Purpose The purpose of this paper is to provide more reliable estimates of the relationship between government spending and economic growth in the European Union (EU) during the period of 1995-2015. Design/methodology/approach The methodology consisted of several different stages. In the first stage for an assessment of dynamics of government spending and economic growth indicators over two decades, descriptive statistics analysis was employed. Correlation analysis helped to identify the relationships between government expenditures (GEs) and economic growth. In the third stage, for modeling the relationship and the estimation of causality between GE and economic growth, Granger causality testing was applied. Findings The research indicated that eight EU countries have a significant relationship between government spending and economic growth. Research limitations/implications This study has been bounded by general GE and economic growth only. The breakdowns of general GE on the basis of the activities they support have not been considered in this paper, which is the main limitation of the research. Despite the limitation, it might be maintained that the research highlights key relationships in the EU countries. Originality/value These insights might be useful for policy makers. In countries with unidirectional causality running from GE to economic growth, the government can employ expenditure as a factor for growth. The governments should ensure that resources are properly managed and efficiently allocated to accelerate economic growth in the countries with unidirectional causality from GDP to GE.

EMISSION EFFICIENCY OF EUROPEAN UNION COUNTRIES

2018 ◽  
Vol XX (6) ◽  
pp. 55-60
Author(s):  
Edyta Gajos ◽  
Sylwia Małażewska ◽  
Konrad Prandecki
Keyword(s):  
European Union ◽  
United Kingdom ◽  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Value Added ◽  
The European Union ◽  
Gas Emissions ◽  
Emission Efficiency ◽  
European Union Countries ◽  
Emission Volume

The aim of the study was to compare the total greenhouse gas emissions in the European Union countries and their emission efficiency. Emission efficiency was calculated as the ratio of emission volume and value to gross value added generated by the economy of a given country (size of the economy). The necessary statistical data was obtained from Eurostat. It was found that in 2015 most of greenhouse gases were emitted by: Germany, United Kingdom, Poland, France and Italy. At the same time, France and the United Kingdom were characterized by one of the best emission efficiency in the European Union, Germany and Italy obtained average results, while Poland was in the group of countries with the lowest emission efficiency. Therefore, it can be concluded, that the volume of emissions is significantly affected by the size of the economy. Some large emitters have economies based on relatively “clean” technologies and thus their potential to further reduction is not very high. The reverse is true for some low-emission countries, such as Estonia and Bulgaria. This indicates the need for a more comprehensive look at the problem of reducing greenhouse gas emissions.

scholarly journals ENERGY CONSUMPTION, ECONOMIC GROWTH AND GREENHOUSE GAS EMISSIONS IN THE EUROPEAN UNION COUNTRIES

2017 ◽  
Vol 18 (6) ◽  
pp. 1082-1097 ◽  
Author(s):  
Giedrė LAPINSKIENĖ ◽  
Kęstutis PELECKIS ◽  
Neringa SLAVINSKAITĖ
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Climate Change Policy ◽  
Positive Sign ◽  
The European Union ◽  
Gas Emissions ◽  
Consumption Energy ◽  
Energy Taxes

This paper investigates the relationship between economic growth, greenhouse gas emissions and other factors based on the panel data of 22 countries of the EU in the period 1995–2014. The fixed effect panel model was used as a framework for the analysis. The novel contribution of this paper is that the factors of economic growth, energy consumption, energy taxes as well as R&D were tested in one expanded EKC model, including the data of three Baltic States. The regression coefficients referring to GDP, Energy consumption have a positive sign, while R&D and Energy taxes have a negative sign. The empirical analysis combines two steps of evaluation of panel models of different groups of countries. The results imply that the analysed factors (energy consumption, energy taxes as well as R&D) can be applied to adjust the EKC trend in the region and might be useful for the climate change policy adjustment.

scholarly journals ANALYSIS OF ECONOMIC GROWTH CYCLES’ SYMMETRY IN THE MAIN ECONOMIC SECTORS OF EURO AREA COUNTRIES

Ekonomika ◽  
2012 ◽  
Vol 91 (4) ◽  
Author(s):  
Brigita Šidlauskaitė ◽  
Norbertas Balčiūnas
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Euro Area ◽  
Value Added ◽  
Growth Cycle ◽  
The European Union ◽  
Economic Sectors ◽  
Growth Cycles ◽  
The Common ◽  
Optimum Currency

Abstract. With the European Union integration growing deeper and Euro area countries having the common currency, excluding possibility of a national monetary policy, academic society has raised a debate on economic stabilization opportunities in individual Euro area countries in case the common monetary policy would prove to be adverse. According to the optimum currency area theory, one of the necessary conditions for the successful functioning of the monetary union is the homogeneity of its countries. The possible economic shocks could have a different impact on the economy of individual Euro area countries in the presence of significant differences in their economy structure. Applying the Hodrick–Prescott method, this study identifies and analyses economic growth cycles in the main economic sectors of the Euro area countries. The results suggest that not all economic growth cycles of the Euro area countries sufficiently correlate with the Euro area average, and one of the predetermining factors is the differences in the economic structure.Key words: asymmetry of economic growth cycle, Euro area, value added structure

scholarly journals ECONOMIC GROWTH, URBANISATION AND CARBON EMISSIONS: EVIDENCE FROM SELECTED ASEAN COUNTRIES

2020 ◽  
Vol 6 ◽  
pp. 9-16
Author(s):  
Huat Tan Seng ◽  
Hong Meenchee ◽  
Tze-Haw Chan
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Carbon Emissions ◽  
Urban Population ◽  
Environmental Governance ◽  
Value Added ◽  
Pollution Problem ◽  
Per Capita ◽  
Asean Countries ◽  
The Government

Climate change is considered as the most severe and urgent environmental issue in this present era. There is a clear consensus that the climate change problem is much related to the rising level of carbon emissions in the atmosphere. The link between economic growth, urbanization and carbon emissions was examined extensively in the literature. Fas-paced economic growth will advance urbanization in a country and result in higher energy consumption to meet various needs in an urban economy. This conditions will trigger more carbon emissions and generate more pollution problem. This paper aims to discuss and compare the growth pattern of economic growth, urbanization and carbon emissions between five selected ASEAN countries such as Indonesia, Malaysia, Philippines, Thailand and Vietnam for the period 1990-2018. All these five countries have recorded at least 4% economic growth rate in the year 2018. In the same period, Indonesia has the largest in term of total value added in manufacturing. Similarly, Vietnam has the largest growth of value-added in the same industry. Among all, Indonesia has the largest urban population whilst Malaysia has the highest rate in urbanization and carbon emissions per capita. The upward trend of urban population and carbon emissions per capita in these countries exhibit certain pressures and challenges to the countries’ environmental quality. Therefore, the government in these countries should pay attention to environmental governance to achieve sustainable urbanization while prioritizing economic growth.

scholarly journals Assessment of the government debt impact on country’s Economic growth in the european union

2015 ◽  
Vol 9 (1) ◽  
pp. 29-40
Author(s):  
Kristina Matuzevičiūtė ◽  
Kristina Montvilaitė ◽  
Dovilė Ruplienė
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Government Debt ◽  
The European Union ◽  
The Government

scholarly journals The Influences of Economic Diversification and the mediating Effect of Industrial Development on Economic Growth in Oman: A Conceptual Framework

2020 ◽  
Vol 7 (6) ◽  
pp. 626-632
Author(s):  
Nasr Al Yahyai ◽  
Aza Azalina ◽  
Kamisah Supian
Keyword(s):  
Economic Growth ◽  
Conceptual Framework ◽  
Industrial Development ◽  
Production Efficiency ◽  
New Technologies ◽  
Research Work ◽  
Value Added ◽  
Mediating Effect ◽  
Economic Diversification ◽  
The Government

Industry is at the heart of a government's plans to transform the economy from a resource-based economy to a value-added one. Economic diversification is vital to countries’ long-term economic growth, but many resource-rich countries remain heavily reliant on revenues generated by natural resources such as mineral or oil production. In Oman, the fall in price oil compelled the government to rethink about development and economic plans in order to improve the living conditions of the population. The main objective of economic diversification agenda is to increase the contribution of these sectors to the gross national product (GDP) of Oman, raise production and create more jobs for these sectors. New technologies will promote the achievement of inclusive, sustainable industrial development through its creation and absorption. New innovations allow businesses to bring new products into the market and improve production efficiency. In addition, industrial development generates new employment and profit incentives. More products and productivity of production also add to the growth of the economy. Industrial development at the same time leads to the manufacture and diffusion of emerging technology. Only by industrialization can economies, industries and businesses build and maintain the requisite technical transition capabilities. This paper presents a conceptual or research framework that identifies the mediating effect of industrial development in the relationship between economic diversification and economic growth in Oman. Two main factors are considered, i.e., the strategic drivers consisting of economic and non-economic variables, and industrial development initiatives. The paper concludes with the discussion on the formulations of hypothesis statements that describe the inter-relationships between the constructs in the conceptual framework. It is expected that the proposed framework can be further verified and tested by using empirical research work.

Polish VAT surge may subside from mid-2018

2017 ◽  
Keyword(s):  
Credit Rating ◽  
Value Added ◽  
Tax Revenue ◽  
Positive Trend ◽  
Government Budget ◽  
Short Term ◽  
Content Type ◽  
The Difference ◽  
The Government ◽  
The Eu

Significance Budget data for the first ten months show revenue from value-added tax (VAT) exceeding the forecast by 22%. That could help narrow Poland’s 'VAT gap' -- the difference between collected and potential taxes. Impacts Poland is likely to bring its VAT gap closer to the EU average in the short term. However, this positive trend may offer only a temporary reprieve for ruling PiS. Rising tax revenue will boost not only the government budget but also Poland’s credit rating.

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