USING SATELLITE DATA FOR ENVIRONMENTAL IMPACT ANALYSIS IN ECONOMIC GROWTH: THE CASE OF MONGOLIA

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A. Tungalag

2016-06-01

Full Text Available The Mongolian economy is based on the primary and secondary economic sectors of agriculture and industry. In addition, minerals and mining become a key sector of its economy. The main mining resources are gold, copper, coal, fluorspar and steel. However, the environment and green economy is one of the big problems among most of the countries and especially for countries like Mongolia where the mining is major part of economy; it is a number one problem. The research of the work tested how environmental elements effect to current Mongolian economic growth, which is growing economy because of mining sector. The study of economic growth but the starting point for any study of economic growth is the neoclassical growth model emphasizing the role of capital accumulation. The growth is analysed either in terms of models with exogenous saving rates (the Solow-Swan model, or models where consumption and hence savings are determined by optimizing individuals. These are the so-called optimal growth or Ramsey-Cass-Koopmans. The study extends the Solow model and the Ramsey-Cass-Koopmans model, including environmental elements which are satellite data determine to degraded land and vegetation value from 1995 to 2013. In contrast, we can see the degraded land area increases from 1995 (4856 m2 to 2013 (10478 m2 and vegetation value decrease at same time. A description of the methodology of the study conducted follows together with the data collected and econometric estimations and calibration with environmental elements.

FDI, Economic Growth, Energy Consumption & Environmental Nexus in Bangladesh

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Sandip SARKER

2016-04-01

Full Text Available This paper attempts to investigate the relationship among economic growth, energy consumption, CO2 emission, FDI and natural gas usage in Bangladesh through co-integration and Vector Error Correction model (VECM over the period 1978 to 2010. Using ADP unit root tests it is found that all the four variables are integrated in first difference. The Johansen co-integration tests indicate that there is existence of long-run relationship among the variables. The VECM long run causality model indicates that there is a long run causality running from energy consumption and natural gas usage by industrial sector to GDP as well as from CO2 emission to FDI. Likewise in the short run a causal relationships have also been found among the variables. Moreover our model is found be error free based on several statistical test. Our results provide important policy suggestions regarding our foreign direct investment, environmental issues and economic growth nexus in Bangladesh.

Economic growth, trade and energy. Implications for the environmental Kuznets curve

International Nuclear Information System (INIS)

Suri, Vivek; Chapman, Duane

1998-01-01

The environmental Kuznets curve (EKC) hypothesis asserts that pollution follows an inverted-U path with respect to economic growth. The EKC has been explained in terms of structural changes in the composition of economic output and increased environmental regulation at higher income levels. While some authors have incorporated the impact of trade policy orientation on the EKC, the impact of the actual movement between countries of goods that embody pollution has not been considered. This paper attempts to econometrically quantify the effect using pooled cross-country and time-series data. The EKC hypothesis is examined with respect to commercial energy consumption, the source of many serious environmental problems. It was found that while both industrializing and industrialized countries have added to their energy requirements by exporting manufactured goods, the growth has been substantially higher in the former. At the same time, industrialized countries have been able to reduce their energy requirements by importing manufactured goods. Exports of manufactured goods by industrialized countries has thus been an important factor in generating the upward sloping portion of the EKC and imports by industrialized countries have contributed to the downward slope

Challenges of rapid economic growth in China: Reconciling sustainable energy use, environmental stewardship and social development

International Nuclear Information System (INIS)

Li Yong; Oberheitmann, Andreas

2009-01-01

China aims at quadrupling per-capita GDP by 2020 compared to the year 2000. Without any energy and environmental policy measures, this tremendous economic growth would be associated with a quadrupling of primary energy consumption up to 6.3 billion tons of standard coal equivalents (sce) and energy-related CO 2 -emissions of 13.9 billion tons Against this background, this paper is to set China's need to implement its sustainable development strategy into the quantitative context of the countries economic development and subsequent economic growth-related environmental problems. China is urgently searching for a way to ease the negative implications of economic growth and has committed itself to achieve a level of 3.0 billion ton sce primary energy consumption in 2020. As a consequence, the macro-economic energy intensity has to be reduced by 53% by 2020. A reduction of 53% by 2020 would lead to an energy intensity level 30% points below the year-2000 level of developed countries. As for natural resources, the expected economic growth will lead to an increase of crude oil net-imports up to 455 million ton sce in 2020 and 650 million ton sce in 2030. As for regional income distribution, economic growth helped to decrease existing inequities

Economic growth and emissions reconsidering the empirical basis of environmental Kuznets curves

International Nuclear Information System (INIS)

De Bruyn, S.M.; Van den Bergh, J.C.J.M.; Opschoor, J.B.

1998-01-01

Recent empirical research indicates that certain types of emissions follow an inverted-U or environmental Kuznets curve (EKC) as income grows. This regularity has been interpreted as a possible de-linking of economic growth and patterns of certain pollutants for developed economies. In this paper the empirical basis of this result is investigated, by considering some statistical particularities of the various EKC studies performed. It is argued that the inverted-U relationship between income and emissions estimated from panel data need not hold for specific individual countries over time. Based on insights from 'intensity-of-use' analysis in resource economics an alternative growth model is specified and estimated for three types of emissions (CO 2 , NO x and SO 2 ) in four countries (Netherlands, UK, USA and Western Germany). It is found that the time patterns of these emissions correlate positively with economic growth and that emission reductions may have been achieved as a result of structural and technological changes in the economy. 'Sustainable growth' is defined as the rate of economic growth that does not lead to growth in emissions. Its rate is calculated for each type of emission and country, based on estimated parameter values. The resulting indicators reflect a balance between the positive influence of growth and negative influence of structural change and technological progress on emission levels

Promoting sustainable economic growth in South Africa through the production and export of low-carbon environmental goods

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Antoinette van Niekerk

2014-08-01

Full Text Available Many countries, particularly those in the developing world, are under increasing pressure to improve their growth rates in order to tackle pressing economic problems at the domestic level. Increasing export volumes can make a positive contribution to a country’s economic growth rate, but it can also endanger the environment. How to reconcile the often conflicting phenomena of increased export activity, stronger economic growth and a lower carbon footprint is the focus of this study. A core outcome of the study was the creation of a single list using a cross-section of international sources, of low-carbon environmental goods, and their ranking according to their inherent ability to reduce greenhouse gas emissions, South Africa’s capacity to produce them, and their economic benefits, as reflected in the export opportunities they present. These export opportunities were revealed through the application of the Decision Support Model (DSM, an export market selection tool that incorporates a systematic filtering and screening system. The results of the analysis should help guide policymakers in their strategic deliberations on which export sectors to incentivise and support with a view to encouraging more ‘green’ growth in South Africa in the years ahead. diffusion of such goods. If the production and export of environmental goods were to increase, it could have a potentially positive effect on economic and environmental objectives, such as raising economic growth rates and lowering greenhouse gas intensity, respectively. For the purpose of this study, an analysis of four existing lists of environmental goods led to the identification of 39 core environmental goods. These 39 goods were ranked according to three criteria: i the potential environmental benefits of each environmental good, using consensus among role players as a proxy; ii South Africa’s capacity to produce each environmental good, using the Revealed Comparative Advantage (RCA

Economic Growth and the Environment. An empirical analysis

Energy Technology Data Exchange (ETDEWEB)

De Bruyn, S.M.

1999-12-21

A number of economists have claimed that economic growth benefits environmental quality as it raises political support and financial means for environmental policy measures. Since the early 1990s this view has increasingly been supported by empirical evidence that has challenged the traditional belief held by environmentalists that economic growth degrades the environment. This study investigates the relationship between economic growth and environmental quality and elaborates the question whether economic growth can be combined with a reduced demand for natural resources. Various hypotheses on this relationship are described and empirically tested for a number of indicators of environmental pressure. The outcome of the tests advocates the use of alternative models for estimation that alter conclusions about the relationship between economic growth and the environment and give insight into the driving forces of emission reduction in developed economies. refs.

Structural Change, Economic Growth and the Environmental Kuznets Curve: A Theoretical Perspective

NARCIS (Netherlands)

H.L.F. de Groot (Henri)

2003-01-01

textabstractThe question of whether economic growth will ultimately resolve environmental problems has recently been discussed in a mainly empirical literature. One of the mechanisms that can explain the finding of an inverted U-shaped relationship between income and emissions relies on the changes

Environmental degradation, economic growth and energy consumption: Evidence of the environmental Kuznets curve in Malaysia

International Nuclear Information System (INIS)

Saboori, Behnaz; Sulaiman, Jamalludin

2013-01-01

This paper tests for the short and long-run relationship between economic growth, carbon dioxide (CO 2 ) emissions and energy consumption, using the Environmental Kuznets Curve (EKC) by employing both the aggregated and disaggregated energy consumption data in Malaysia for the period 1980–2009. The Autoregressive Distributed Lag (ARDL) methodology and Johansen–Juselius maximum likelihood approach were used to test the cointegration relationship; and the Granger causality test, based on the vector error correction model (VECM), to test for causality. The study does not support an inverted U-shaped relationship (EKC) when aggregated energy consumption data was used. When data was disaggregated based on different energy sources such as oil, coal, gas and electricity, the study does show evidences of the EKC hypothesis. The long-run Granger causality test shows that there is bi-directional causality between economic growth and CO 2 emissions, with coal, gas, electricity and oil consumption. This suggests that decreasing energy consumption such as coal, gas, electricity and oil appears to be an effective way to control CO 2 emissions but simultaneously will hinder economic growth. Thus suitable policies related to the efficient consumption of energy resources and consumption of renewable sources are required. - Highlights: • We investigated the EKC hypothesis by using Malaysian energy aggregated and disaggregated data. • It was found that the EKC is not supported, using the aggregated data (energy consumption). • However using disaggregated energy data (oil, coal and electricity) there is evidence of EKC. • Causality shows no causal relationship between economic growth and energy consumption in the short-run. • Economic growth Granger causes energy consumption and energy consumption causes CO 2 emissions in long-run

Structural Change, Economic Growth and the Environmental Kuznets Curve. A Theoretical Perspective

International Nuclear Information System (INIS)

De Groot, H.L.F.

1999-01-01

The question of whether economic growth will ultimately resolve environmental problems has recently been discussed in a mainly empirical literature. One of the mechanisms that can explain the finding of an inverted U-shaped relationship between income and emissions relies on the changes in the sectoral composition of economies associated with economic growth. This paper develops a multi-sector general-equilibrium model to study the dynamic relationships between technological progress, economic development, the sectoral composition of economies and emissions. In the model, structural change is the outcome of a complex interplay between factors of demand and supply, and results from both differences in technological progress on a sectoral level and from differences in income elasticities of demand for different goods. We will derive under what conditions such changes can give rise to a hump-shaped relationship between per capita income and emissions. 39 refs

Economic growth and pollutant emissions in Tunisia. An empirical analysis of the environmental Kuznets curve

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Fodha, Mouez [Paris School of Economics and CES, University Paris 1 Pantheon-Sorbonne, Maison des Sciences Economiques, 106-112 Bd de l' Hopital, 75647 Paris (France); Zaghdoud, Oussama [CES, University Paris 1 Pantheon-Sorbonne and Department of Economics, High School of Economic and Commercial Sciences of Tunis, 4 Rue Abou Zakaria El Hafsi, 1089 Montfleury (Tunisia)

2010-02-15

This paper investigates the relationship between economic growth and pollutant emissions for a small and open developing country, Tunisia, during the period 1961-2004. The investigation is made on the basis of the environmental Kuznets curve hypothesis, using time series data and cointegration analysis. Carbon dioxide (CO{sub 2}) and sulfur dioxide (SO{sub 2}) are used as the environmental indicators, and GDP as the economic indicator. Our results show that there is a long-run cointegrating relationship between the per capita emissions of two pollutants and the per capita GDP. An inverted U relationship between SO{sub 2} emissions and GDP has been found, with income turning point approximately equals to 1200 (constant 2000 prices) or to 3700 (in PPP, constant 2000 prices). However, a monotonically increasing relationship with GDP is found more appropriate for CO{sub 2} emissions. Furthermore, the causality results show that the relationship between income and pollution in Tunisia is one of unidirectional causality with income causing environmental changes and not vice versa, both in the short-run and long-run. This implies that an emission reduction policies and more investment in pollution abatement expense will not hurt economic growth. It could be a feasible policy tool for Tunisia to achieve its sustainable growth in the long-run. (author)

Economic growth and pollutant emissions in Tunisia: An empirical analysis of the environmental Kuznets curve

Energy Technology Data Exchange (ETDEWEB)

Fodha, Mouez, E-mail: fodha@univ-paris1.f [Paris School of Economics and CES, University Paris 1 Pantheon-Sorbonne, Maison des Sciences Economiques, 106-112 Bd de l' Hopital, 75647 Paris (France); Zaghdoud, Oussama [CES, University Paris 1 Pantheon-Sorbonne and Department of Economics, High School of Economic and Commercial Sciences of Tunis, 4 Rue Abou Zakaria El Hafsi, 1089 Montfleury (Tunisia)

2010-02-15

This paper investigates the relationship between economic growth and pollutant emissions for a small and open developing country, Tunisia, during the period 1961-2004. The investigation is made on the basis of the environmental Kuznets curve hypothesis, using time series data and cointegration analysis. Carbon dioxide (CO{sub 2}) and sulfur dioxide (SO{sub 2}) are used as the environmental indicators, and GDP as the economic indicator. Our results show that there is a long-run cointegrating relationship between the per capita emissions of two pollutants and the per capita GDP. An inverted U relationship between SO{sub 2} emissions and GDP has been found, with income turning point approximately equals to $1200 (constant 2000 prices) or to $3700 (in PPP, constant 2000 prices). However, a monotonically increasing relationship with GDP is found more appropriate for CO{sub 2} emissions. Furthermore, the causality results show that the relationship between income and pollution in Tunisia is one of unidirectional causality with income causing environmental changes and not vice versa, both in the short-run and long-run. This implies that an emission reduction policies and more investment in pollution abatement expense will not hurt economic growth. It could be a feasible policy tool for Tunisia to achieve its sustainable growth in the long-run.

Economic growth and pollutant emissions in Tunisia: An empirical analysis of the environmental Kuznets curve

International Nuclear Information System (INIS)

Fodha, Mouez; Zaghdoud, Oussama

2010-01-01

This paper investigates the relationship between economic growth and pollutant emissions for a small and open developing country, Tunisia, during the period 1961-2004. The investigation is made on the basis of the environmental Kuznets curve hypothesis, using time series data and cointegration analysis. Carbon dioxide (CO 2 ) and sulfur dioxide (SO 2 ) are used as the environmental indicators, and GDP as the economic indicator. Our results show that there is a long-run cointegrating relationship between the per capita emissions of two pollutants and the per capita GDP. An inverted U relationship between SO 2 emissions and GDP has been found, with income turning point approximately equals to $1200 (constant 2000 prices) or to $3700 (in PPP, constant 2000 prices). However, a monotonically increasing relationship with GDP is found more appropriate for CO 2 emissions. Furthermore, the causality results show that the relationship between income and pollution in Tunisia is one of unidirectional causality with income causing environmental changes and not vice versa, both in the short-run and long-run. This implies that an emission reduction policies and more investment in pollution abatement expense will not hurt economic growth. It could be a feasible policy tool for Tunisia to achieve its sustainable growth in the long-run.

Urbanization, Economic Development and Environmental Change

Directory of Open Access Journals (Sweden)

Shushu Li

2014-08-01

Full Text Available This paper applies the pressure-state-response (PSR model to establish environmental quality indices for 30 administrative regions in China from 2003 to 2011 and employs panel data analysis to study the relationships among the urbanization rate, economic development and environmental change. The results reveal a remarkable inverted-U-shaped relationship between the urbanization rate and changes in regional environmental quality; the “turning point” generally appears near an urbanization rate of 60%. In addition, the degree and mode of economic development have significant, but anisotropic effects on the regional environment. Generally, at a higher degree of economic development, the environment will tend to improve, but an extensive economic growth program that simply aims to increase GDP has a clear negative impact on the environment. Overall, the results of this paper not only further confirm the “environmental Kuznets curve hypothesis”, but also expand it in a manner. The analysis in this paper implies that the inverted-U-shaped evolving relationship between environmental quality and economic growth (urbanization is universally applicable.

Energy, Economic Growth and Environmental Sustainability: Five Propositions

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Steven Sorrell

2010-06-01

Full Text Available This paper advances five linked and controversial propositions that have both deep historical roots and urgent contemporary relevance. These are: (a the rebound effects from energy efficiency improvements are significant and limit the potential for decoupling energy consumption from economic growth; (b the contribution of energy to productivity improvements and economic growth has been greatly underestimated; (c the pursuit of improved efficiency needs to be complemented by an ethic of sufficiency; (d sustainability is incompatible with continued economic growth in rich countries; and (e a zero-growth economy is incompatible with a fractional reserve banking system. These propositions run counter to conventional wisdom and each highlights either a "blind spot" or "taboo subject" that deserves closer scrutiny. While accepting one proposition reinforces the case for accepting the next, the former is neither necessary nor sufficient for the latter.

Global health and development: conceptualizing health between economic growth and environmental sustainability.

Science.gov (United States)

Borowy, Iris

2013-07-01

After World War II, health was firmly integrated into the discourse about national development. Transition theories portrayed health improvements as part of an overall development pattern based on economic growth as modeled by the recent history of industrialization in high-income countries. In the 1970s, an increasing awareness of the environmental degradation caused by industrialization challenged the conventional model of development. Gradually, it became clear that health improvements depended on poverty-reduction strategies including industrialization. Industrialization, in turn, risked aggravating environmental degradation with its negative effects on public health. Thus, public health in low-income countries threatened to suffer from lack of economic development as well as from the results of global economic development. Similarly, demands of developing countries risked being trapped between calls for global wealth redistribution, a political impossibility, and calls for unrestricted material development, which, in a world of finite land, water, air, energy, and resources, increasingly looked like a physical impossibility, too. Various international bodies, including the WHO, the Brundtland Commission, and the World Bank, tried to capture the problem and solution strategies in development theories. Broadly conceived, two models have emerged: a "localist model," which analyzes national health data and advocates growth policies with a strong focus on poverty reduction, and a "globalist" model, based on global health data, which calls for growth optimization, rather than maximization. Both models have focused on different types of health burdens and have received support from different institutions. In a nutshell, the health discourse epitomized a larger controversy regarding competing visions of development.

Population growth and economic growth.

Science.gov (United States)

Narayana, D L

1984-01-01

the exponential growth of population as the source of several complications for economic growth and human welfare. Stabilization of population by reducing fertility is conducive for improving the quality of population and also advances the longterm management of the population growth and work force utilization. The perspective of longterm economic management involves populatio n planning, control of environmental pollution, conservation of scarce resources, exploration of resources, realization of technological possibilities in agriculture and industry and in farm and factory, and achievement of economic growth and its equitable distribution.

Health, "illth," and economic growth: medicine, environment, and economics at the crossroads.

Science.gov (United States)

Egger, Garry

2009-07-01

Economic growth has been the single biggest contributor to population health since the Industrial Revolution. The growth paradigm, by definition, is dynamic, implying similar diminishing returns on investment at both the macro- and the micro-economic levels. Changes in patterns of health in developing countries, from predominantly microbial-related infectious diseases to lifestyle-related chronic diseases (e.g., obesity, type 2 diabetes) beyond a point of economic growth described as the epidemiologic transition, suggest the start of certain declining benefits from further investment in the growth model. These changes are reflected in slowing improvements in some health indices (e.g., mortality, infant mortality) and deterioration in others (e.g., disability-associated life years, obesity, chronic diseases). Adverse environmental consequences, such as climate change from economic development, are also related to disease outcomes through the development of inflammatory processes due to an immune reaction to new environmental and lifestyle-related inducers. Both increases in chronic disease and climate change can be seen as growth problems with a similar economic cause and potential economic and public health-rather than personal health-solutions. Some common approaches for dealing with both are discussed, with a plea for greater involvement by health scientists in the economic and environmental debates in order to deal effectively with issues like obesity and chronic disease.

Economic growth and CO2 emissions in Malaysia: A cointegration analysis of the Environmental Kuznets Curve

International Nuclear Information System (INIS)

Saboori, Behnaz; Sulaiman, Jamalludin; Mohd, Saidatulakmal

2012-01-01

This paper attempts to establish a long-run as well as causal relationship between economic growth and carbon dioxide (CO 2 ) emissions for Malaysia. Using data for the years from 1980 to 2009, the Environmental Kuznets Curve (EKC) hypothesis was tested utilizing the Auto Regressive Distributed Lag (ARDL) methodology. The empirical results suggest the existence of a long-run relationship between per capita CO 2 emissions and real per capita Gross Domestic Product (GDP) when the CO 2 emissions level is the dependent variable. We found an inverted-U shape relationship between CO 2 emissions and GDP in both short and long-run, thus supporting the EKC hypothesis. The Granger Causality test based on the Vector Error Correction Model (VECM) presents an absence of causality between CO 2 emissions and economic growth in the short-run while demonstrating uni-directional causality from economic growth to CO 2 emissions in the long-run. - Highlights: ► We tested the dynamic relationship between economic growth and CO 2 emissions. ► The Environmental Kuznets Curve hypothesis was tested using bounds testing approach. ► The empirical analysis confirms the existence of EKC for Malaysia. ► Causality results in an absence of causality between CO 2 and income in the short-run. ► There is uni-directional causality from income to CO 2 emissions in the long-run.

Social and Economic Determinants of the Level of Support for Environmental Protection and Economic Growth in a Rural Population.

Science.gov (United States)

Murdock, Steve H.; Schriner, Eldon C.

Based on a secondary analysis of data from a statewide survey of North Dakota residents conducted during the spring of 1976, this study examined the differences in levels of support for environmental protection and economic growth via respondent characteristics, respondent characteristics within residence types, and occupational and social class…

Sustainable energy-economic-environmental scenarios

Energy Technology Data Exchange (ETDEWEB)

NONE

2002-03-31

IIASA's Environmentally Compatible Energy Strategies (ECS) Project has proposed a quantitative 'working definition' of sustainable development E3 (energy-economic-environmental) scenarios. ECS has proposed four criteria for sustainability: economic growth is sustained throughout the time horizon; socioeconomic inequity among world regions is reduced over the 21st century; reserves-to-production (R/P) ratio for exhaustible primary energy resources do not decline; and long-term environmental stress is mitigated. Using these criteria, 40 long-term E3 scenarios generated by ECS models were reviewed and analyzed. Amongst the conclusions drawn were: slow population growth or stabilization of global population appears to be prerequisite for sustainable development; economic growth alone does not guarantee a sustainable future; carbon intensities of total primary energy must decrease faster than the historical trend; strategies for fossil fuel consumption must aim at non-decreasing R/P ratios; and carbon emissions must be near or below today's levels at the end of this century. The analysis of sustainable development scenarios is an important step towards formulating long-term strategies aimed at climate stabilization. 6 figs., 1 tab.

Environmental Kuznets curve and growth source in Iran

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Asghari Maryam

2012-01-01

Full Text Available Recent empirical research has examined the relationship between certain indicators of environmental degradation and income, concluding that in some cases an inverted U-shaped relationship, which has been called an environmental Kuznets curve (EKC, exists between these variables. The source of growth explanation is important for two reasons. First, it demonstrates how the pollution consequences of growth depend on the source of growth. Therefore, the analogy drawn by some in the environmental community between the damaging effects of economic development and those of liberalized trade is, at best, incomplete. Second, the source of growth explanation demonstrates that a strong policy response to income gains is not necessary for pollution to fall with growth. The aim of this paper investigates the role of differences source of growth in environmental quality of Iran. The results show the two growth resources in Iran cause, in the early stages, CO2 emission decreases until turning point but beyond this level of income per capita, economic growth leads to environmental degradation. I find a U relationship between environmental degradation (CO2 emission and economic growth in Iran.

Economic growth and environmental pollution in Myanmar: an analysis of environmental Kuznets curve.

Science.gov (United States)

Aung, Thiri Shwesin; Saboori, Behnaz; Rasoulinezhad, Ehsan

2017-09-01

This empirical study examines the short- and long-run relationship between GDP as an economic growth indicator and CO 2 emissions as an environmental pollution indicator in Myanmar by using annual time series data over the period of 1970-2014. It also carefully considered other proxies, such as trade openness, financial openness and urbanization, and structural breaks in the country. The fundamental objective of this study is to test the validity of environmental Kuznets curve (EKC) in the context of Myanmar. The dynamic estimates of the long- and short-term relationship among greenhouse gases (CO 2 , CH 4 , N 2 O), GDP, trade intensity, financial openness, and urbanization growth are built through an autoregressive distributed lag (ARDL) model. The empirical findings indicate that there is positive short- and long-run relationship between CO 2 and GDP and thus, no evidence of EKC hypothesis is found for CO 2 in Myanmar. Nevertheless, the existence of the EKC is observed for CH 4 and N 2 O. On the other hand, trade and financial openness have inverse relationship with CO 2 emissions. These results demonstrate that trade liberalization and financial openness will improve the environment quality in Myanmar in the long run.

Multiplicative utility and the influence of environmental care on the short-term economic growth rate

NARCIS (Netherlands)

Vellinga, N.

1999-01-01

This paper addresses the issue of determining under what circumstances economic growth rates are influenced by environmental care. The models used are extensions of the model by Lucas. The extensions consist of output leading to pollution and there is a stock of nature. There is also abatement to

The International Environmental Institute: Leveraging the investment in Hanford for economic growth

International Nuclear Information System (INIS)

Atkin, S.D.; Schwenk, R.M.

1994-02-01

Billions of dollars are being invested to achieve environmental compliance at the Hanford Site. The 30-yr-plan for the Site calls for remediation and restoration followed by rampdown and closure of the US Department of Energy's (DOE) mission at the Site. The investment of the Federal government during this restoration period provides a real opportunity to go beyond the cleanup mission and convert the Site's assets to other uses that benefit the region, nation, and world. The International Environmental Institute (Institute) was created to help realize this opportunity. This is accomplished by utilizing the assets of the Site -- it's land, equipment, facilities, technologies, and people -- to achieve economic growth and worldwide spinoff benefits from the Hanford investment. The Institute is developing new ways of getting the private sector involved with the Hanford Site. We are working with local and state governments, academia, and the private sector, to jointly develop and commercialize environmental technologies and to redeploy, loan, or lease those assets that are no longer needed by the DOE. The Institute is also interacting with other communities around the world to assess models, issues, and performance measures for successful defense conversion. Through these various worldwide partnerships, the investment in Hanford can be successfully leveraged to help create the desired economic future for the Northwest and environmental industry for the world

Economic growth, biodiversity loss and conservation effort.

Science.gov (United States)

Dietz, Simon; Adger, W Neil

2003-05-01

This paper investigates the relationship between economic growth, biodiversity loss and efforts to conserve biodiversity using a combination of panel and cross section data. If economic growth is a cause of biodiversity loss through habitat transformation and other means, then we would expect an inverse relationship. But if higher levels of income are associated with increasing real demand for biodiversity conservation, then investment to protect remaining diversity should grow and the rate of biodiversity loss should slow with growth. Initially, economic growth and biodiversity loss are examined within the framework of the environmental Kuznets hypothesis. Biodiversity is represented by predicted species richness, generated for tropical terrestrial biodiversity using a species-area relationship. The environmental Kuznets hypothesis is investigated with reference to comparison of fixed and random effects models to allow the relationship to vary for each country. It is concluded that an environmental Kuznets curve between income and rates of loss of habitat and species does not exist in this case. The role of conservation effort in addressing environmental problems is examined through state protection of land and the regulation of trade in endangered species, two important means of biodiversity conservation. This analysis shows that the extent of government environmental policy increases with economic development. We argue that, although the data are problematic, the implications of these models is that conservation effort can only ever result in a partial deceleration of biodiversity decline partly because protected areas serve multiple functions and are not necessarily designated to protect biodiversity. Nevertheless institutional and policy response components of the income biodiversity relationship are important but are not well captured through cross-country regression analysis.

SUSTAINABLE ECONOMIC GROWTH AND ECO-EFFICIENCY

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Mariana\tLUPAN

2015-06-01

Full Text Available The current economic and social contexts have brought forth the issues regarding growth and sustainability. The concept of growth has always been linked to an increase in consumption levels, and this inevitably led to pressures on the environment and on the resources that support human activity. Given these circumstances, the question whether we can avoid an environmental disaster while maintaining economic growth, has become more stringent. We chose to approach this aspect by examining the concept of eco-efficiency, a concept that embodies aspects of both economic efficiency and environmental efficiency. Eco-efficiency can be regarded as the effectiveness with which resources are used in order to create products and services that satisfy human needs. Based on this idea, the last decade has produced an increasing number of studies on eco-efficiency and how it can be measured and implemented in the production of goods and services, but also in the field regarding demand patterns. An analysis regarding the aspects of eco-efficiency at the macro level of the Romanian economy is in line with the current environmental concerns, thus I have chosen to cover these questions, as well as the evolution of the locale economy towards a more sustainable development. The outcome of the examined aspects shows that, in spite of an increase in eco-efficiency levels, energy and material consumption and emissions have increased. This raises the question if measuring economic and environmental efficiency by reporting to the GDP value is becoming obsolete and if there is a need to revaluate eco-efficiency indicators in order to measure the transition to a greener and more sustainable development from different points of view.

The impact of economic growth on environmental efficiency of the electricity sector: A hybrid window DEA methodology for the USA.

Science.gov (United States)

Halkos, George E; Polemis, Michael L

2018-04-01

This paper estimates the efficiency of the power generation sector in the USA by using Window Data Envelopment Analysis (W-DEA). We integrate radial and non-radial efficiency measurements in DEA using the hybrid measure while we extend the proposed model by considering good and undesirable outputs as separable and non separable. Then in the second stage, we perform parametric and non-parametric econometric techniques in order to model the relationship between the calculated environmental efficiencies and economic growth in attaining sustainability. Our empirical findings indicate a stable N-shape relationship between environmental efficiency and regional economic growth in the case of global and total pollutants but an inverted N-shape in the case of local pollutants. This implies that attention is required when considering local and global pollutants and the extracted environmental efficiency scores. A clear message to policy makers and government officials is that climate change which calls for economic, environmental and social concern should be analyzed according to its dispersion and regional dimension. Copyright © 2018 Elsevier Ltd. All rights reserved.

Environmental Aspects of Economic Development in Sub-Saharn Africa

OpenAIRE

Baytas, A.

1991-01-01

Studies on the economies of Sub-Saharan Africa have generally neglected the links between economic growth and environmental quality. In many such studies, economics and ecology have been treated as mutually exclusive rather than complementary domains. The key to Sub-Saharan Africa's future is to achieve sustainable growth. This calls for replacing the traditional concept of growth based economic output alone with a new approach that stresses development through conserv...

Atmospheric emissions and economic growth. Environmental Kuznets Curve and Kyoto protocol; Emisiones atmosfericas y crecimiento economico en Espana. La Curve de Kuznets ambiental y el protocolo de Kyoto

Energy Technology Data Exchange (ETDEWEB)

Roca Jusmet, J.; Padilla Rosa, E.

2004-07-01

From the beginning of the 90s the analysis of the relationships between economic growth and environmental pressures has been influenced by the Environmental Kuznets Curve hypothesis or inverted-U shaped relationship between environmental pressure and per capita income. Following this hypothesis, once achieved certain income level, more economic growth is followed by environmental quality improvement. In this paper, we analyse and discuss the theories that support this hypothesis as well as the empirical evidence on this subject. Further on we analyse the relationship between per capita income and the main environmental pollutants for the case does not support the hypothesis. The empirical evidence shows that economic growth, by itself, does not entail a pollution reduction. (Author) 35 refs.

Simulating the Impact of Economic and Environmental Strategies on Future Urban Growth Scenarios in Ningbo, China

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Yan Liu

2016-10-01

Full Text Available Coastal cities in China are challenged by multiple growth paths and strategies related to demands in the housing market, economic growth and eco-system protection. This paper examines the effects of conflicting strategies between economic growth and environmental protection on future urban scenarios in Ningbo, China, through logistic-regression-based cellular automata (termed LogCA modeling. The LogCA model is calibrated based on the observed urban patterns in 1990 and 2015, and applied to simulate four future scenarios in 2040, including (a the Norm-scenario, a baseline scenario that maintains the 1990–2015 growth rate; (b the GDP-scenario, a GDP-oriented growth scenario emphasizing the development in city centers and along economic corridors; (c the Slow-scenario, a slow-growth scenario considering the potential downward trend of the housing market in China; and (d the Eco-scenario, a slow-growth scenario emphasizing natural conservation and ecosystem protections. The CA parameters of the Norm- and Slow-scenarios are the same as the calibrated parameters, while the parameters of proximities to economic corridors and natural scenery sites were increased by a factor of 3 for the GDP- and Eco-scenarios, respectively. The Norm- and GDP-scenarios predicted 1950 km2 of new growth for the next 25 years, the Slow-scenario predicted 650 km2, and the Eco-scenario predicted less growth than the Slow-scenario. The locations where the newly built-up area will emerge are significantly different under the four scenarios and the Slow- and Eco-scenarios are preferable to achieve long-term sustainability. The scenarios are not only helpful for exploring sustainable urban development options in China, but also serve as a reference for adjusting the urban planning and land policies.

Environmental economics and policy making in developing countries. Current issues

International Nuclear Information System (INIS)

Motta, R.S. da

2001-01-01

In developing countries, where growth expectations are high, least-cost environmental policies are crucial since they can reduce the conflict between economic growth and the environment. In view of this, policymakers in these economies must be very aware of the relationship between economic and environmental issues to offer policy initiatives which can increase efficiency and improve equity. The authors provide a comprehensive analysis of topics varying from the general problems of growth and conservation to specific applications such as; pollution costs, environmental taxation, deforestation and climate change. This volume also offers policymakers a comprehensive view of the challenges they face, and the legacies they leave, in order to convert environmental policy making into an actual programme of welfare improvement. (author)

What the growth of a space tourism industry could contribute to employment, economic growth, environmental protection, education, culture and world peace

Science.gov (United States)

Collins, Patrick; Autino, Adriano

2010-06-01

The authors argue that the creation of a popular new industry of passenger space travel could be economically and socially very beneficial in creating new employment in aerospace and related fields in order to supply these services. In doing so, the application of nearly a half-century of technological development that has yet to be used commercially could create many new aerospace engineering business opportunities. In addition, by growing to large scale, space tourism has unique potential to reduce the cost of space travel sharply, thereby making many other activities in space feasible and profitable. The paper discusses the scope for new employment, stimulating economic growth, reducing environmental damage, sustaining education particularly in the sciences, stimulating cultural growth, and preserving peace by eliminating any need for "resource wars".

Environmental problems and economic development in an endogenous fertility model

OpenAIRE

Frank Joest; Martin Quaas; Johannes Schiller

2006-01-01

Population growth is often viewed as a most oppressive global problem with respect to environmental deterioration, but the relationships between population development, economic dynamics and environmental pollution are complex due to various feedback mechanisms. We analyze society’s economic decisions on birth rates, investment into human and physical capital, and polluting emissions within an optimal control model of the coupled demographic-economic-environmental system. We show that a long-...

Passenger transport in Nigeria: Environmental and economic analysis with policy recommendations

International Nuclear Information System (INIS)

Gujba, H.; Mulugetta, Y.; Azapagic, A.

2013-01-01

This paper presents the life cycle environmental impacts and economic costs of the passenger transport sector in Nigeria for 2003–2030. Four scenarios are considered: business as usual (BAU); increased use of public transport (buses) at the expense of cars (LOWCAR) and motorcycles (LOWMC), respectively; and high economic growth with increased car ownership and decline of public transport (HICAR). The findings show that for the BAU scenario the life cycle environmental impacts double over the period, despite the assumption of increased fuel and vehicle efficiency of 35% over time. The total fuel costs at the sectoral level increase three times, from US$3.4 billion/yr in 2003 to US$9.7 billion in 2030. Increasing the use of buses would reduce the environmental impacts on average by 15–20% compared to BAU; at the same time, the total fuel costs would be 25–30% lower. If the use of cars grows much faster due to a high economic growth as in HICAR, the environmental impacts and fuel costs would increase by 16% and 26%, respectively. These results demonstrate clearly that future transport policy in Nigeria should promote and incentivise public (bus) transport as a much more environmentally and economically sustainable option than transport by cars and motorcycles. - Highlights: ► The life cycle environmental impacts of passenger transport in Nigeria estimated for 2003–2030. ► The tradeoffs between economic costs and environmental impacts discussed. ► Scenarios considered: business as usual; sustainable transport; high economic growth. ► Public transport is more sustainable than transport by cars and motorcycles. ► Ending gas flaring would improve substantially environmental, economic and social impacts

Economic Transformation in the Beijing-Tianjin-Hebei Region: Is It Undergoing the Environmental Kuznets Curve?

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Lichun Xiong

2017-05-01

Full Text Available The Beijing-Tianjin-Hebei Region Integration Plan is one of the most important national strategies in China promoting regional economic development. The environmental problems in this region, however, especially air pollution and contaminated groundwater, have enormous influence on the people’s health while also causing economic loss. Therefore, this study aims to analyze the pattern of its environmental and economic development. Panel data in the period 2004–2014 are used to establish an advanced model of the Environmental Kuznets Curve. The results indicate that the economic growth and environmental pollution of Beijing-Tianjin-Hebei region do not completely meet the Environment Kuznets Curve assumptions. The discharge volume of industrial wastewater and economic growth reflect a wave-type relation. The sulfur dioxide discharge volume and economic growth reflect a U-shaped relation; the generated volume of industrial solid wastes and economic growth reflect a reversed N-shaped relation, which is in accordance with the Environmental Kuznets Curve characteristics at the second inflection point. The variables added value of the secondary industry, population size and raw coal consumption volume have a significant positive influence on the discharge of various environmental pollutants in Beijing-Tianjin-Hebei region. The analysis provides policy recommendations for the government to develop regional economic and environmental protection policies.

Social and environmental determinants of child health in Mongolia across years of rapid economic growth: 2000-2010.

Science.gov (United States)

Joshi, Nehal; Bolorhon, Bolormaa; Narula, Indermohan; Zhu, Shihua; Manaseki-Hollan, Semira

2017-10-30

To understand the effect of economic growth on health, we investigated the trend in socio-economic and regional determinants of child health in Mongolia. This Central Asian country had the fastest economic growth amongst low and middle-income countries (LMICs) from 2000 to 2010 and a healthcare system in transition. Data was from Mongolian multiple indicator cluster surveys (MICS) in 2000, 2005 and 2010. Child nutrition/growth was measured by height-for-age z-score (HAZ), weight-for-age z-score (WAZ), prevalence of stunted (HAZ economic and environmental health determinants on each outcome in each year; 2000, 2005 and 2010. T-tests were used to measure significant change in HAZ and WAZ over the decade. Overall, from 2000 to 2010, there was a significant improvement (p economic factors increased on both stunting and weight. In 2000, region was a significant determinant: children living in three provinces were significantly more likely to be stunted and less likely to be immunised than Ulaanbaatar, but this was not significant by 2010. By 2010, none of the factors were significant determinants of immunisation in children. In 2000, economic status had no effect on stunting (OR = 0.91; 95%CI:0.49,1.66), however by 2010, children in the poorest economic quintile were 4 times more likely to be stunted than the richest (OR = 0.24; 95% CI:0.13,0.45; p Economic growth in Mongolia from 2000 to 2010 resulted in an increase in the effect of social determinants of child health; whilst focused policy improved access to immunisation. Children with less educated mothers and lower household incomes should be targeted in interventions to reduce health inequity.

Energy efficiency, sustainability and economic growth

International Nuclear Information System (INIS)

Ayres, Robert U.; Turton, Hal; Casten, Tom

2007-01-01

This paper explores two linked theses related to the role energy in economic development, and potential sources of increased energy efficiency for continued growth with reduced greenhouse gas (GHG) emissions. The first thesis is that, while reduced GHG emissions are essential for long-term global sustainability, the usual policy recommendation of increasing energy costs by introducing a carbon tax may be relatively ineffective under current market structures and have an unnecessarily adverse impact on economic growth. Our second thesis is that there exists a practical near-term strategy for reducing GHG emissions while simultaneously encouraging continued technology-driven economic growth. Moreover, this strategy does not require radical new technologies, but rather improved regulation or-more precisely-better deregulation of the electric power sector. In respect to the first of our two theses, this paper addresses a deficiency in neoclassical economic growth theory, in which growth is assumed to be automatic, inevitable and cost-free. We challenge both the assumption that growth will continue in the future at essentially the same rate ('the trend') as it has in the past, and the corollary that our children's children will inevitably be richer and better able to afford the cost of repairing the environmental damages caused by current generations [Simon et al., The state of humanity. Cambridge MA: Blackwell Publishers Ltd.; 1995

Is Decoupling GDP Growth from Environmental Impact Possible?

Science.gov (United States)

Ward, James D; Sutton, Paul C; Werner, Adrian D; Costanza, Robert; Mohr, Steve H; Simmons, Craig T

2016-01-01

The argument that human society can decouple economic growth-defined as growth in Gross Domestic Product (GDP)-from growth in environmental impacts is appealing. If such decoupling is possible, it means that GDP growth is a sustainable societal goal. Here we show that the decoupling concept can be interpreted using an easily understood model of economic growth and environmental impact. The simple model is compared to historical data and modelled projections to demonstrate that growth in GDP ultimately cannot be decoupled from growth in material and energy use. It is therefore misleading to develop growth-oriented policy around the expectation that decoupling is possible. We also note that GDP is increasingly seen as a poor proxy for societal wellbeing. GDP growth is therefore a questionable societal goal. Society can sustainably improve wellbeing, including the wellbeing of its natural assets, but only by discarding GDP growth as the goal in favor of more comprehensive measures of societal wellbeing.

[Relationships between economic growth and industrial pollutant discharge of Suzhou: how about the EKC?].

Science.gov (United States)

Ling, Hong; Zhu, Xiao-Dong; Wang, Hui-Zhong; Yin, Rong-Yao; Wang, Xiang-Hua; Zhao, Wen-Jun

2009-04-01

Based on the study of the relationships between economic growth and industrial pollutant discharge of Suzhou City in 1991-2005, the environmental Kuznets curve (EKC) of the City was estimated by several kinds of function, with the cause analyzed. The results showed that the EKC of Suzhou was not a typical one. The industrial pollution of the City increased dramatically by scale effect of economic growth and the clear environmental benefit of industrial structure adjustment was not received obviously, while generalized discharge reduction technologies showed great results. In general terms, the pollution increase was comparatively slower than the GDP growth. As a whole, the environmental policy of Suzhou was in effect. However, the relationships between economic growth and industrial pollutant discharge had not been a benign development yet. In order to achieve win-win situation of economic growth and pollution reduction, Suzhou needed to optimize its industry structure, push the energy conservation and discharge reduction policy deeply, increase environmental investment, and enforce the strictest environmental and industrial policy. In doing these, Suzhou could turn the traditional omega-shaped EKC into delta-shaped EKC.

An interactive environmental model for economic growth: evidence from a panel of countries.

Science.gov (United States)

Ramakrishnan, Suresh; Hishan, Sanil S; Nabi, Agha Amad; Arshad, Zeeshan; Kanjanapathy, Malini; Zaman, Khalid; Khan, Faisal

2016-07-01

This study aims to determine an interactive environmental model for economic growth that would be supported by the "sustainability principles" across the globe. The study examines the relationship between environmental pollutants (i.e., carbon dioxide emission, sulfur dioxide emission, mono-nitrogen oxide, and nitrous oxide emission); population growth; energy use; trade openness; per capita food production; and it's resulting impact on the real per capita GDP and sectoral growth (i.e., share of agriculture, industry, and services in GDP) in a panel of 34 high-income OECD, high-income non-OECD, and Europe and Central Asian countries, for the period of 1995-2014. The results of the panel fixed effect regression show that per capita GDP are influenced by sulfur dioxide emission, population growth, and per capita food production variability, while energy and trade openness significantly increases per capita income of the region. The results of the panel Seemingly Unrelated Regression (SUR) show that carbon dioxide emission significantly decreases the share of agriculture and industry in GDP, while it further supports the share of services sector to GDP. Both the sulfur dioxide and mono-nitrogen oxide emission decreases the share of services in GDP; nitrous oxide decreases the share of industry in GDP; while mono-nitrogen oxide supports the industrial activities. The following key growth-specific results has been obtained from the panel SUR estimation, i.e., (i) Both the food production per capita and trade openness significantly associated with the increasing share of agriculture, (ii) food production and energy use significantly increases the service sectors' productivity; (iii) food production decreases the industrial activities; (iv) trade openness decreases the share of services to GDP while it supports the industrial share to GDP; and finally, (v) energy demand decreases along with the increase agricultural share in the region. The results emphasize the need for

Modeling urban growth by the use of a multiobjective optimization approach: environmental and economic issues for the Yangtze watershed, China.

Science.gov (United States)

Zhang, Wenting; Wang, Haijun; Han, Fengxiang; Gao, Juan; Nguyen, Thuminh; Chen, Yarong; Huang, Bo; Zhan, F Benjamin; Zhou, Lequn; Hong, Song

2014-11-01

Urban growth is an unavoidable process caused by economic development and population growth. Traditional urban growth models represent the future urban growth pattern by repeating the historical urban growth regulations, which can lead to a lot of environmental problems. The Yangtze watershed is the largest and the most prosperous economic area in China, and it has been suffering from rapid urban growth from the 1970s. With the built-up area increasing from 23,238 to 31,054 km(2) during the period from 1980 to 2005, the watershed has suffered from serious nonpoint source (NPS) pollution problems, which have been mainly caused by the rapid urban growth. To protect the environment and at the same time maintain the economic development, a multiobjective optimization (MOP) is proposed to tradeoff the multiple objectives during the urban growth process of the Yangtze watershed. In particular, the four objectives of minimization of NPS pollution, maximization of GDP value, minimization of the spatial incompatibility between the land uses, and minimization of the cost of land-use change are considered by the MOP approach. Conventionally, a genetic algorithm (GA) is employed to search the Pareto solution set. In our MOP approach, a two-dimensional GA, rather than the traditional one-dimensional GA, is employed to assist with the search for the spatial optimization solution, where the land-use cells in the two-dimensional space act as genes in the GA. Furthermore, to confirm the superiority of the MOP approach over the traditional prediction approaches, a widely used urban growth prediction model, cellular automata (CA), is also carried out to allow a comparison with the Pareto solution of MOP. The results indicate that the MOP approach can make a tradeoff between the multiple objectives and can achieve an optimal urban growth pattern for Yangtze watershed, while the CA prediction model just represents the historical urban growth pattern as the future growth pattern

A cost-benefit analysis for the economic growth in China

International Nuclear Information System (INIS)

Wen, Zongguo; Chen, Jining

2008-01-01

Currently, traditional development issues such as income inequality, depletion of natural resources, environmental pollution as well as retardation of infrastructure have occurred in China. In the future, more pressures would be imposed on China by the continuous fast development of industrialization, and with transfer of the world manufacture center to China. Sustainable development, including its economic, environmental and social elements, is a key goal of decision-makers. This paper develops a methodology on cost benefit analysis of economic growth at macroscopic level to identify issues of China's sustainability. In order to address some important issues on how to make policies to improve the quality of economic growth, the CBA framework developed in this study analyses economic-ecological-social interaction, building three accounts that reflect three dimensions of sustainable development that includes 26 sub-models in all, and finally is integrated into an index as Net Progress Proceeds (NPP). The estimation methods of these submodels, such as cost of environmental pollution, depletion of natural resources and defensive expenditures are described in detail. Based on the framework and methods, this paper examines the costs and benefits of economic growth in three aspects of economy, ecology and society. The results illustrate that NPR of China's economic growth had been negative for a long time and has just became positive since year 2000 but was quite low. Even the best was only 1.6% in 2002 (the worst was - 24.2% in 1982). Based on the comparison between three accounts, we can draw a conclusion that ecological cost is the dominant factor that affects China's NPR. The empirical results show that if no other innovative measures or policies are taken in the future the costs of growth would outweigh its benefits, resulting in un-sustainability. Basically, the long-term economic growth would be unsustainable due to increasing environmental damage and depletion of

A cost-benefit analysis for the economic growth in China

Energy Technology Data Exchange (ETDEWEB)

Wen, Zongguo; Chen, Jining [Department of Environmental Science and Engineering, Tsinghua University, Beijing 100084 (China)

2008-04-01

Currently, traditional development issues such as income inequality, depletion of natural resources, environmental pollution as well as retardation of infrastructure have occurred in China. In the future, more pressures would be imposed on China by the continuous fast development of industrialization, and with transfer of the world manufacture center to China. Sustainable development, including its economic, environmental and social elements, is a key goal of decision-makers. This paper develops a methodology on cost benefit analysis of economic growth at macroscopic level to identify issues of China's sustainability. In order to address some important issues on how to make policies to improve the quality of economic growth, the CBA framework developed in this study analyses economic-ecological-social interaction, building three accounts that reflect three dimensions of sustainable development that includes 26 sub-models in all, and finally is integrated into an index as Net Progress Proceeds (NPP). The estimation methods of these submodels, such as cost of environmental pollution, depletion of natural resources and defensive expenditures are described in detail. Based on the framework and methods, this paper examines the costs and benefits of economic growth in three aspects of economy, ecology and society. The results illustrate that NPR of China's economic growth had been negative for a long time and has just became positive since year 2000 but was quite low. Even the best was only 1.6% in 2002 (the worst was - 24.2% in 1982). Based on the comparison between three accounts, we can draw a conclusion that ecological cost is the dominant factor that affects China's NPR. The empirical results show that if no other innovative measures or policies are taken in the future the costs of growth would outweigh its benefits, resulting in un-sustainability. Basically, the long-term economic growth would be unsustainable due to increasing environmental damage

Economic growth, ecological economics, and wilderness preservation

Science.gov (United States)

Brian Czech

2000-01-01

Economic growth is a perennial national goal. Perpetual economic growth and wilderness preservation are mutually exclusive. Wilderness scholarship has not addressed this conflict. The economics profession is unlikely to contribute to resolution, because the neoclassical paradigm holds that there is no limit to economic growth. A corollary of the paradigm is that...

Environmental quality and economic growth: Searching for environmental Kuznets curves for air and water pollutants in Africa

International Nuclear Information System (INIS)

Orubu, Christopher O.; Omotor, Douglason G.

2011-01-01

This study investigated the relationship between per capita income and environmental degradation in Africa, using longitudinal data on suspended particulate matter and organic water pollutants. The specific objective was to estimate environmental Kuznets curves for two indicators of environmental quality and to establish whether the estimated relationships conform to the inverted U-shape hypothesis. The results of the empirical investigation generally suggest the existence of an environmental Kuznets curve for suspended particulate matter. In the case of organic water pollutants, the evidence weighs more in favor of rising pollution as per capita income increases. The turning point levels of income established for the two indicators of environmental quality were however generally low, when compared to evidence from existing studies. On the face value, this suggests that African countries may be turning the corner of the environmental Kuznets curve, much faster, and at lower levels of income, much in line with the emerging idea of a 'revised environmental Kuznets curve'. The results also suggest that economic growth and rising incomes may matter in African countries in order to curb pollution from these pollutants, but more stringent policy measures, particularly at the industrial level would be required to curb environmental degradation from organic water pollutants. - Highlights: → The specific objective was to establish whether the relationships conform to the inverted U-shape hypothesis. → Evidence suggests the existence of an environmental Kuznets curve for suspended particulate matter. → The turning point levels of income established for the two indicators were however generally low. → We conclude that African countries may be turning the corner of the environmental Kuznets curve, much faster, and at lower levels of income.

Environmental quality and economic growth: Searching for environmental Kuznets curves for air and water pollutants in Africa

Energy Technology Data Exchange (ETDEWEB)

Orubu, Christopher O. [Department of Economics, Delta State University, Abraka (Nigeria); Omotor, Douglason G., E-mail: yomotor@yahoo.com [Department of Economics, Delta State University, Abraka (Nigeria)

2011-07-15

This study investigated the relationship between per capita income and environmental degradation in Africa, using longitudinal data on suspended particulate matter and organic water pollutants. The specific objective was to estimate environmental Kuznets curves for two indicators of environmental quality and to establish whether the estimated relationships conform to the inverted U-shape hypothesis. The results of the empirical investigation generally suggest the existence of an environmental Kuznets curve for suspended particulate matter. In the case of organic water pollutants, the evidence weighs more in favor of rising pollution as per capita income increases. The turning point levels of income established for the two indicators of environmental quality were however generally low, when compared to evidence from existing studies. On the face value, this suggests that African countries may be turning the corner of the environmental Kuznets curve, much faster, and at lower levels of income, much in line with the emerging idea of a 'revised environmental Kuznets curve'. The results also suggest that economic growth and rising incomes may matter in African countries in order to curb pollution from these pollutants, but more stringent policy measures, particularly at the industrial level would be required to curb environmental degradation from organic water pollutants. - Highlights: > The specific objective was to establish whether the relationships conform to the inverted U-shape hypothesis. > Evidence suggests the existence of an environmental Kuznets curve for suspended particulate matter. > The turning point levels of income established for the two indicators were however generally low. > We conclude that African countries may be turning the corner of the environmental Kuznets curve, much faster, and at lower levels of income.

Economics of Sustainable Development. Competitiveness and Economic Growth

Directory of Open Access Journals (Sweden)

Dorel AILENEI

2011-02-01

Full Text Available Economic growth is one of the most important issues of humanity. Both in national economies and world economy, recession and prosperity periods are regularly succeeding with different amplitudes. But beyond these fluctuations and their effects, the results are important: performance and economic growth. Because of the problematical issue of economic growth, the authors are trying to critically reflect on the economic growth concept and on its implications on the praxis area. Although there is a large literature about economic growth modeling, it is intriguing that there still are some serious obstacles for conceptualization and praxis. Only the simple fact that the economic growth process needs serious thinking on the time dimension is sufficient for understanding the real difficulties of this problematical issue. As for the economic growth praxis, a clear analysis of the interests system within an economy is needed. Without trying to find miraculous solutions for the economic growth issue, the authors suggest a clear and correct analysis of this important subject.

Environmental Disaster and Economic Change: Do tropical cyclones have permanent effects on economic growth and structure?

Science.gov (United States)

Jina, A.; von der Goltz, J.; Hsiang, S. M.

2011-12-01

Natural disasters have important, often devastating, effects upon economic growth and well-being. Due to this, disasters have become an active area of recent research and policy attention. However, much of this research has been narrowly focused, relying on anecdotal evidence and aggregated data to support conclusions about disaster impacts in the short-term. Employing a new global data set of tropical cyclone exposure from 1960 to 2008, we investigate in greater detail whether permanent changes in economic performance and structure can result from these extreme events in some cases. Our macro-economic analyses use the World Development Indicator dataset and have shown promising results: there are dramatic long-term economic transformations associated with tropical cyclones across a number of countries and industries. This effect is most clearly seen in Small Island Developing States (SIDS) and some countries in Latin America, where negative changes in long-term growth trends are observed in the years following a large tropical cyclone. In many economies with a high exposure to tropical cyclone damage, there are noticeable structural changes within the economy. The impacts of disasters might be expressed through various economic and social channels, through direct loss of lives and infrastructure damage; for instance, the destruction of infrastructure such as ports may damage export opportunities where replacement capital is not readily available. These structural changes may have far-reaching implications for economic growth and welfare. Larger nations subjected to the impacts of tropical cyclones are thought to be able to relocate economically important activities that are damaged by cyclones, and so long-term trend changes are not observed, even for events that cause a large immediate decrease in national productivity. By investigating in a more rigorous fashion the hypothesis that the environment triggers these permanent economic changes, our work has

Human Capital and Economic Growth - How Strong is the Nexus?

Directory of Open Access Journals (Sweden)

Marinko Škare

2016-08-01

Full Text Available The link between human capital and economic growth still remains unexplained because of the measurement issues connected to the human capital stock. This study investigates the link between human capital stock and economic growth using inclusive wealth index and ratio of engaged to actively disengaged employees as proxy for human capital stock. Data from the global workplace and inclusive wealth reports are used in order to provide an international comparison of the link between human capital and inclusive wealth. Cross country comparison show human capital largerly contribute to the inclusive wealth formation. Formal education is important but also motivating working environment is needed to achieve sustainable economic growth. The finding further indicates that standard human capital growth model should be revised taking into the account variables addressing sustainable growth (not just growth and environmental variables (work conditions affecting human capital stock. Countries encouraging investments in the development of individuals both through formal education and inspiring work environments achieve higher sustainable economic growth

Economic Growth, Economic Freedom, and Governance

OpenAIRE

Cebula, Richard; Ekstrom, Marcus

2008-01-01

This exploratory study examines the impact of various forms of economic freedom and various dimensions of governance, as well as a number of economic factors, on economic growth among OECD nations. Empirical estimation finds that the natural log of per capita purchasing-power-parity adjusted real GDP in OECD nations is positively impacted by business freedom, monetary freedom, trade freedom, and property rights security. Economic growth is found to be negatively affected by perceived governme...

Earthquakes and economic growth

OpenAIRE

Fisker, Peter Simonsen

2012-01-01

This study explores the economic consequences of earthquakes. In particular, it is investigated how exposure to earthquakes affects economic growth both across and within countries. The key result of the empirical analysis is that while there are no observable effects at the country level, earthquake exposure significantly decreases 5-year economic growth at the local level. Areas at lower stages of economic development suffer harder in terms of economic growth than richer areas. In addition,...

Prospects for reconciling the conflict between economic growth and biodiversity conservation with technological progress.

Science.gov (United States)

Czech, Brian

2008-12-01

The conflict between economic growth and biodiversity conservation is understood in portions of academia and sometimes acknowledged in political circles. Nevertheless, there is not a unified response. In political and policy circles, the environmental Kuznets curve (EKC) is posited to solve the conflict between economic growth and environmental protection. In academia, however, the EKC has been deemed fallacious in macroeconomic scenarios and largely irrelevant to biodiversity. A more compelling response to the conflict is that it may be resolved with technological progress. Herein I review the conflict between economic growth and biodiversity conservation in the absence of technological progress, explore the prospects for technological progress to reconcile that conflict, and provide linguistic suggestions for describing the relationships among economic growth, technological progress, and biodiversity conservation. The conflict between economic growth and biodiversity conservation is based on the first two laws of thermodynamics and principles of ecology such as trophic levels and competitive exclusion. In this biophysical context, the human economy grows at the competitive exclusion of nonhuman species in the aggregate. Reconciling the conflict via technological progress has not occurred and is infeasible because of the tight linkage between technological progress and economic growth at current levels of technology. Surplus production in existing economic sectors is required for conducting the research and development necessary for bringing new technologies to market. Technological regimes also reflect macroeconomic goals, and if the goal is economic growth, reconciliatory technologies are less likely to be developed. As the economy grows, the loss of biodiversity may be partly mitigated with end-use innovation that increases technical efficiency, but this type of technological progress requires policies that are unlikely if the conflict between economic growth

Transport system as an element of sustainable economic growth in the tourist region

OpenAIRE

Mrnjavac, Edna

2001-01-01

Transport system is a whole composed of technical, technological, organisational, economic and legislative elements with the aim to perform transfer, loading and unloading of goods and passengers. Taking in consideration that most economic activities demand participation of certain transport system elements, any economic growth is impossible without an adequate transport system development. In order to secure environmental sustainable economic growth the economic policy subjects have to pay s...

Tourism in Austria: biodiversity, environmental sustainability, and growth issues.

Science.gov (United States)

Malik, Muhammad Asad Saleem; Shah, Syed Asim; Zaman, Khalid

2016-12-01

This study examined the long-run and causal relationships between international tourism, biodiversity loss, environmental sustainability, and specific growth factors under the premises of sustainable tourism in Austria, by using a consistent time series data from 1975 to 2015. The results reveal that inbound tourism, per capita income, and population density affected the potential habitat area while population density largely affected the food production in a country. Inbound tourism and population density both deteriorate the environmental quality in a form of increasing carbon dioxide (CO 2 ) emissions and fossil fuel energy consumption while per capita income reduces the fossil fuel energy consumption. Food exports increase per capita income, while food imports and population density both decrease economic growth. Inbound tourism and economic growth advance population density while forest area and food exports decrease the population density. The study supports growth-led tourism and growth-led food production in a country.

The Relationship between Growth-Inequality-Poverty Triangle and Environmental Degradation: Unveiling the Reality

Directory of Open Access Journals (Sweden)

Syeda Anam Hassan

2015-06-01

Full Text Available It is important to recognize that increase in well-being is no longer dependent on further economic growth, but on economic and social well-being, which means that the decline in carbon dioxide emission without reducing real wellbeing and growth. The aim of this study is to investigate the main driving forces affecting short and long-run carbon emissions pattern due to changes in growth, inequality and poverty triangle in Pakistan over the period 1980 – 2011 by using multivariate cointegration approach. This study uses five different models i.e., each model have an important policy implication in the context of Pakistan. The results indicate that, on the short run, there is a significant negative relationship between economic growth & carbon emissions and economic growth & poverty while there is a positive relationship between i economic growth & income inequality; and ii poverty & income inequality. On the long-run, there is a significant positive relationship between GDP & income inequality, carbon dioxide emissions & income inequality, and poverty & income inequality in Pakistan. On the other side, there is a negative relationship between carbon emissions & economic growth, carbon emissions & income inequality, and economic growth & income inequality. The results of environmental Kuznets curve (EKC hypothesis show an inverted U-shaped trajectory in relation to economic growth in Pakistan. This study contributes to the debate on the existence and policy relevance of the EKC for Pakistan. The conclusion ensures the sustainability of an urgent need to look beyond the EKC by adopting courageous policy measures of environmental preservation in Pakistan irrespective of the country's level of income. For reduction of CO2 emission, environmental progressive management policies, economic transport system regulations, and low emit fuel consumption by industries are the need of the world.

Time-varying analysis of CO_2 emissions, energy consumption, and economic growth nexus: Statistical experience in next 11 countries

International Nuclear Information System (INIS)

Shahbaz, Muhammad; Mahalik, Mantu Kumar; Shah, Syed Hasanat; Sato, João Ricardo

2016-01-01

This paper detects the direction of causality among carbon dioxide (CO_2) emissions, energy consumption, and economic growth in Next 11 countries for the period 1972–2013. Changes in economic, energy, and environmental policies as well as regulatory and technological advancement over time, cause changes in the relationship among the variables. We use a novel approach i.e. time-varying Granger causality and find that economic growth is the cause of CO_2 emissions in Bangladesh and Egypt. Economic growth causes energy consumption in the Philippines, Turkey, and Vietnam but the feedback effect exists between energy consumption and economic growth in South Korea. In the cases of Indonesia and Turkey, we find the unidirectional time-varying Granger causality running from economic growth to CO_2 emissions thus validates the existence of the Environmental Kuznets Curve hypothesis, which indicates that economic growth is achievable at the minimal cost of environment. The paper gives new insights for policy makers to attain sustainable economic growth while maintaining long-run environmental quality.

Social and economic growth of developing nations

International Nuclear Information System (INIS)

Gregersen, H.M.; Laarman, J.G.

1989-01-01

This paper reports on social and economic growth of developing nations. Trees and forests are often of immeasurable importance to developing countries of the world. To be of value, however, effective and efficient institutions, programs, and policies must be designed and focused on such resources. Forest economics and policy researchers can contribute much to such activities. To be most effective, forest economics research should be designed to improve understanding of social forestry, watershed management, and nontimber forest outputs; enhance ability to effectively address environmental consequences of forestry development; heighten skill in guiding development of industrial forestry enterprises; and improve effectiveness of international aid for forestry development. Guided by such strategic directions, forest economics research can contribute much to the economic and social well-being of developing nations

Greenlining. Economic and Environmental Effects of Government Facilitated Lending to Sustainable Economic Activities in the Netherlands

International Nuclear Information System (INIS)

Scholtens, B.

2001-03-01

This paper analyzes the economic and environmental impact of a policy instrument that is related to the tax deductibility of interest returns and dividend yields from specified 'green' projects. We investigate this so-called 'Green Project Facility' in the Netherlands during 1995-1999. We analyze the effect on taxes, economic growth, employment, as well as on the emission of a number of gases and on solid waste production. We find that the economic effects in general are positive. However, the environmental effects are quite mixed. It is concluded that the policy instrument could be used much more effective

Electricity Consumption, Carbon Emissions and Economic Growth in Nigeria

Directory of Open Access Journals (Sweden)

Godwin Effiong Akpan

2012-01-01

Full Text Available This paper applies a Multivariate Vector Error Correction (VECM framework to examine the long run and causal relationship between electricity consumption, carbon emissions and economic growth in Nigeria. Using annual time series data for 1970 to 2008, findings show that in the long run, economic growth is associated with increase carbon emissions, while an increase in electricity consumption leads to an increase in carbon emissions. These imply that Nigeria’s growth process is pollution intensive, while the negative relationship between electricity consumption (or positive relationship between electricity consumption and emissions in Nigeria is a clear indication that electricity consumption in the country has intensified carbon emissions. No support was obtained for the hypothesized environmental Kuznets curve (EKC. Granger-causality results confirm a unidirectional causality running from economic growth to carbon emissions, indicating that carbon emissions reduction policies could be pursued without reducing economic growth in Nigeria. No causality was found between electricity and growth, in either way, which further lends credence to the crisis in the Nigerian electricity sector. Overall, the paper submits that efficient planning and increased investment in electricity infrastructure development may be the crucial missing variable in the obtained neutrality hypothesis between electricity and growth.

Carbon dioxide emission and economic growth of China-the role of international trade.

Science.gov (United States)

Boamah, Kofi Baah; Du, Jianguo; Bediako, Isaac Asare; Boamah, Angela Jacinta; Abdul-Rasheed, Alhassan Alolo; Owusu, Samuel Mensah

2017-05-01

This study investigates the role of international trade in mitigating carbon dioxide emission as a nation economically advances. This study disaggregated the international trade into total exports and total imports. A multivariate model framework was estimated for the time series data for the period of 1970-2014. The quantile regression detected all the essential relationship, which hitherto, the traditional ordinary least squares could not capture. A cointegration relationship was confirmed using the Johansen cointegration model. The findings of the Granger causality revealed the presence of a uni-directional Granger causality running from energy consumption to economic growth; from import to economic growth; from imports to exports; and from urbanisation to economic growth, exports and imports. Our study established the presence of long-run relationships amongst carbon dioxide emission, economic growth, energy consumption, imports, exports and urbanisation. A bootstrap method was further utilised to reassess the evidence of the Granger causality, of which the results affirmed the Granger causality in the long run. This study confirmed a long-run N-shaped relationship between economic growth and carbon emission, under the estimated cubic environmental Kuznet curve framework, from the perspective of China. The recommendation therefore is that China as export leader should transform its trade growth mode by reducing the level of carbon dioxide emission and strengthening its international cooperation as it embraces more environmental protectionisms.

The environmental and economic impact of removing growth-enhancing technologies from U.S. beef production.

Science.gov (United States)

Capper, J L; Hayes, D J

2012-10-01

The objective of this study was to quantify the environmental and economic impact of withdrawing growth-enhancing technologies (GET) from the U.S. beef production system. A deterministic model based on the metabolism and nutrient requirements of the beef population was used to quantify resource inputs and waste outputs per 454 × 10(6) kg of beef. Two production systems were compared: one using GET (steroid implants, in-feed ionophores, in-feed hormones, and beta-adrenergic agonists) where approved by FDA at current adoption rates and the other without GET use. Both systems were modeled using characteristic management practices, population dynamics, and production data from U.S. beef systems. The economic impact and global trade and carbon implications of GET withdrawal were calculated based on feed savings. Withdrawing GET from U.S. beef production reduced productivity (growth rate and slaughter weight) and increased the population size required to produce 454 × 10(6) kg beef by 385 × 10(3) animals. Feedstuff and land use were increased by 2,830 × 10(3) t and 265 × 10(3) ha, respectively, by GET withdrawal, with 20,139 × 10(6) more liters of water being required to maintain beef production. Manure output increased by 1,799 × 10(3) t as a result of GET withdrawal, with an increase in carbon emissions of 714,515 t/454 × 10(6) kg beef. The projected increased costs of U.S. beef produced without GET resulted in the effective implementation of an 8.2% tax on beef production, leading to reduced global trade and competitiveness. To compensate for the increase in U.S. beef prices and maintain beef supply, it would be necessary to increase beef production in other global regions, with a projected increase in carbon emissions from deforestation, particularly in Brazil. Withdrawing GET from U.S. beef production would reduce both the economic and environmental sustainability of the industry.

Macro-economic environmental models

International Nuclear Information System (INIS)

Wier, M.

1993-01-01

In the present report, an introduction to macro-economic environmental models is given. The role of the models as a tool for policy analysis is discussed. Future applications, as well as the limitations given by the data, are brought into focus. The economic-ecological system is described. A set of guidelines for implementation of the system in a traditional economic macro-model is proposed. The characteristics of empirical national and international environmental macro-economic models so far are highlighted. Special attention is paid to main economic causalities and their consequences for the environmental policy recommendations sat by the models. (au) (41 refs.)

Economic growth and greenhouse gas emissions

Energy Technology Data Exchange (ETDEWEB)

Ansuategi, Alberto [Environment Department, University of York, York (United Kingdom); Escapa, Marta [Foundations of Economic Analysis Department, University of the Basque Country, Bilbao (Spain)

2002-01-01

Recent empirical research has examined the relationship between certain indicators of environmental degradation and income, concluding that in some cases an inverted U-shaped relationship, which has been called an environmental Kuznets curve (EKC), exists between these variables. Unfortunately, this inverted U-shaped relationship does not hold for greenhouse gas emissions. One explanation of the absence of EKC-like behavior in greenhouse gas emissions is that greenhouse gases are special pollutants that create global, not local, disutility. But the international nature of global warming is not the only reason that prevents de-linking greenhouse gas emissions from economic growth. The intergenerational nature of the negative impact of greenhouse gas emissions may have also been an important factor preventing the implementation of greenhouse gas abatement measures in the past. In this paper we explore the effect that the presence of intergenerational spillovers has on the emissions-income relationship. We use a numerically calibrated overlapping generations model of climate-economy interactions. We conclude that: (1) the intertemporal responsibility of the regulatory agency, (2) the institutional capacity to make intergenerational transfers and (3) the presence of intergenerationally lagged impact of emissions constitute important determinants of the relationship between economic growth and greenhouse gas emissions.

Energy, economic growth, and human welfare

International Nuclear Information System (INIS)

Schurr, S.H.

1984-01-01

The subject is covered in sections, entitled: economic growth and human welfare; world-wide economic growth; economic growth and energy consumption; assessing the future; caution advised; energy supply and economic growth; supply as constraint; sound policies needed. (U.K.)

Asian energy and environmental policy: Promoting growth while preserving the environment

International Nuclear Information System (INIS)

Zhang Zhongxiang

2008-01-01

Asia has experienced spectacular economic growth over the past two decades. However, this economic progress has come at a high cost. It has led to unprecedented environmental consequences. So this region needs to shift the conventional pattern of 'develop first and then treat the pollution' to a trajectory of sustainable development. To that end, this paper examines a variety of policy responses, at national, regional and international levels, to deal with growing concerns about the environmental challenges in Asia. In the context of national responses, special attention is paid to the following issues: coordination between the central and local governments, market-based environmental instruments and industrial policies, tougher emissions standards for mobile and stationary sources and fuel quality, policies to promote energy efficiency and the use of clean energy and biofuels, the integration of environmental policies with economic and sectoral policies, and engagement of the private sector through e.g., ecolabelling, green government procurement, corporate ratings and disclosure programs, and drawing the support of financial institutions to promote improved corporate environmental performance. The paper concludes that having the right policy mix, coupled with strengthened cooperation at national, local and regional levels, will ensure continuing economic growth in the region without compromising its limited ecological-carrying capacity and environmental quality

An integrated specification for the nexus of water pollution and economic growth in China: Panel cointegration, long-run causality and environmental Kuznets curve.

Science.gov (United States)

Zhang, Chen; Wang, Yuan; Song, Xiaowei; Kubota, Jumpei; He, Yanmin; Tojo, Junji; Zhu, Xiaodong

2017-12-31

This paper concentrates on a Chinese context and makes efforts to develop an integrated process to explicitly elucidate the relationship between economic growth and water pollution discharge-chemical oxygen demand (COD) discharge and ammonia nitrogen (NH 3 -N), using two unbalanced panel data sets covering the period separately from 1990 to 2014, and 2001 to 2014. In our present study, the panel unit root tests, cointegration tests, and Granger causality tests allowing for cross-sectional dependence, nonstationary, and heterogeneity are conducted to examine the causal effects of economic growth on COD/NH 3 -N discharge. Further, we simultaneously apply semi-parametric fixed effects estimation and parametric fixed effects estimation to investigate environmental Kuznets curve relationship for COD/NH 3 -N discharge. Our empirical results show a long-term bidirectional causality between economic growth and COD/NH 3 -N discharge in China. Within the Stochastic Impacts by Regression on Population, Affluence and Technology framework, we find evidence in support of an inverted U-shaped curved link between economic growth and COD/NH 3 -N discharge. To the best of our knowledge, there have not been any efforts made in investigating the nexus of economic growth and water pollution in such an integrated manner. Therefore, this study takes a fresh look on this topic. Copyright © 2017 Elsevier B.V. All rights reserved.

FDI- Economic Growth Nexus

DEFF Research Database (Denmark)

Bujac, Andreea Ioana; Corado Cretu, Emanuel

2017-01-01

Conducting a systematic literature review on the topic of FDI and Economic Growth and investigating this relationship, along with the determinants of an economy that attract FDI and the externalities resulting from Foreign activities, it is found that FDI does have a positive effect on a host...... country’s economic growth but only with the preexistence of certain determinants which facilitate the absorption capacity of the host country on reaping the spillover effects (externalities) of FDI. Lastly, a framework was built to illustrate the interaction between FDI, Determinants and condition...... of the host economy, barriers to growth, economic growth and externalities....

Economic development and environmental protection: an ecological economics perspective.

Science.gov (United States)

Rees, William E

2003-01-01

This paper argues on both theoretical and empirical grounds that, beyond a certain point, there is an unavoidable conflict between economic development (generally taken to mean 'material economic growth') and environmental protection. Think for a moment of natural forests, grasslands, marine estuaries, salt marshes, and coral reefs; and of arable soils, aquifers, mineral deposits, petroleum, and coal. These are all forms of 'natural capital' that represent highly-ordered self-producing ecosystems or rich accumulations of energy/matter with high use potential (low entropy). Now contemplate despoiled landscapes, eroding farmlands, depleted fisheries, anthropogenic greenhouse gases, acid rain, poisonous mine tailings and toxic synthetic compounds. These all represent disordered systems or degraded forms of energy and matter with little use potential (high entropy). The main thing connecting these two states is human economic activity. Ecological economics interprets the environment-economy relationship in terms of the second law of thermodynamics. The second law sees economic activity as a dissipative process. From this perspective, the production of economic goods and services invariably requires the consumption of available energy and matter. To grow and develop, the economy necessarily 'feeds' on sources of high-quality energy/matter first produced by nature. This tends to disorder and homogenize the ecosphere, The ascendance of humankind has consistently been accompanied by an accelerating rate of ecological degradation, particularly biodiversity loss, the simplification of natural systems and pollution. In short, contemporary political rhetoric to the contrary, the prevailing growth-oriented global development paradigm is fundamentally incompatible with long-term ecological and social sustainability. Unsustainability is not a technical nor economic problem as usually conceived, but rather a state of systemic incompatibility between a economy that is a fully

Burkina Faso - Promoting Growth, Competitiveness and Diversification : Country Economic Memorandum, Volume 3. Enhancing Growth Factors

OpenAIRE

World Bank

2010-01-01

The main conclusion of Country Economic Memorandum is that the previous model of extensive growth has now exhausted its potential and must be renewed. Given the existing population dynamics, low environmental tolerance due to its Sahelian climate and competition forces imposed due to its open economy, Burkina Faso is heavily investing in growth based on increased productivity to overcome i...

ECONOMIC gROWTH, GLOBALIZATION AND TRADE

OpenAIRE

Nuno Carlos LEITÃO

2012-01-01

The purpose of this article is to investigate the relationship between economic growth, globalization and trade. The manuscript uses the assumptions of the economic growth exogenous and endogenous models. It introduces new proxies for explain the economic growth as in intra-industry trade, foreign direct investment and globalization index. The results indicate that economic growth is a dynamic process. The intra-industry has a positive impact on economic growth. This paper confirms relevan...

Economic growth and business cycles

NARCIS (Netherlands)

Canton, E.J.F.

1997-01-01

This thesis contains five essays on economic growth and business cycles. The main focus is on the interaction between economic growth and the cycle: is cyclical variability good or bad for the long-run rate of economic growth? The introduction aims to provide some empirical evidence for an

Environment and Economic Growth. Is Technical Change the Key to Decoupling?

Energy Technology Data Exchange (ETDEWEB)

Galeotti, M. [Universita di Milano, Milan (Italy)

2003-09-01

The relationship between economic growth and pollution is very complex, depending upon a host of different factors. Thus the study of this phenomenon represents a challenging endeavor. While most economics papers begin with theory and support that theory with econometric evidence, the literature on Environmental Kuznets Curves has proceeded in the opposite direction: first developing an empirical observation about the world, and then attempting to supply appropriate theories. A number of papers have aimed at providing the theoretical underpinnings to the Environmental Kuznets Curve. Prominent here is the class of optimal growth models. These are usually studied from the point of view of the analytical conditions that must hold in order to obtain an inverted-U functional relationship between pollution and growth. These models are however seldom confronted with the data. In this paper we take one popular optimal growth model designed for climate change policy analysis and carry out a few simulation exercises with the purpose of characterizing the relationship between economic growth and emissions. In particular, we try to assess the relative contribution of the ingredients of the well-known decomposition of the environment-growth relationship put forth by Grossman (1995): according to it, the presumed inverted-U pattern results from the joint effect of scale, composition, and technology components. We do this focusing on the developed regions of the world and on a global pollutant, CO2 emissions.

ECONOMIC GROWTH THEORIES, CONCEPTUAL ELEMENTS, CHARACTERISTICS

Directory of Open Access Journals (Sweden)

Florina, POPA

2014-11-01

Full Text Available The approach of economic growth involves understanding the concept and growth factors, respectively, analysing the growth theories, their trend in the context of the development of economic and social life. The economic growth signifies a process aimed at increasing activities in the national economy, expressed by macroeconomic indicators, respectively, the dynamics of the overall Gross Domestic Product or per inhabitant. It can appreciate that, in the short term, this process signifies phases of economic prosperity and on the long-term, expresses an upward trend, a consequence of the succession of increases and decreases. The study presents some elements which outlines the concept of economic growth, that is, definitions, meanings and the main characteristics of the theories of growth, as well as some of its determinant factors. Also, it gives a brief overview of the main theories of economic growth, as they have evolved over time, in line with the economic reality dynamics and the development of the instruments of economic analysis, starting from the classical theories to the new theories and models of economic growth of the modern age.

Borrowing green. Economic and environmental effects of green fiscal policy in The Netherlands

International Nuclear Information System (INIS)

Scholtens, B.

2001-01-01

This paper analyzes the economic and environmental impact of a policy instrument that is related to the tax deductibility of interest returns and dividend yields from specified 'green' projects. We investigate this so-called 'Green Project Facility' (Regeling Groenprojecten) in the Netherlands during 1995-1999. We analyze the effect on tax income, economic growth, employment, as well as on the emission of a number of gases and on solid waste production. We find that the economic effects in general are positive. This policy instrument increases growth, employment, and net tax income. However, the environmental effects are quite mixed. This especially results from the fact that a lot of projects would have been undertaken anyhow. Furthermore, we find that this green fiscal policy instrument is skewed towards energy and building. It appears to neglect environmental problems with consumer households, industry, and transport. 8 refs

Handbook of environmental and resource economics

Energy Technology Data Exchange (ETDEWEB)

Bergh, J.C.J.M. van den [eds.

1999-07-01

The book contains 79 chapters by experts divided into ten parts entitled: introduction; economics of natural resources; economics of environmental policy; international aspects of environmental economics and policy; space in environmental economics; environmental macroeconomics; economic valuation and evaluation; interdisciplinary issues; methods and models in environmental and resource economics; and prospects. Chapters of particular relevance to the energy sector are entitled: lessons from using transferable permits to control air pollution in the United States; equity in environmental policy with an application to global warming; transboundary environmental problems; tax instruments for curbing CO{sub 2} emissions; transport and the environment; energy-economy-environment models; decompositions methodology in energy demand and environmental analysis, and input-output structural decomposition analysis of energy and the environment.

Exploring the link between environmental pollution and economic growth in EU-28 countries: Is there an environmental Kuznets curve?

Science.gov (United States)

Armeanu, Daniel; Vintilă, Georgeta; Andrei, Jean Vasile; Gherghina, Ştefan Cristian; Drăgoi, Mihaela Cristina; Teodor, Cristian

2018-01-01

This study examines the Environmental Kuznets Curve hypothesis (EKC), considering the primary energy consumption among other country-specific variables, for a panel of the EU-28 countries during the period 1990-2014. By estimating pooled OLS regressions with Driscoll-Kraay standard errors in order to account for cross-sectional dependence, the results confirm the EKC hypothesis in the case of emissions of sulfur oxides and emissions of non-methane volatile organic compounds. In addition to pooled estimations, the output of fixed-effects regressions with Driscoll-Kraay standard errors support the EKC hypothesis for greenhouse gas emissions, greenhouse gas emissions intensity of energy consumption, emissions of nitrogen oxides, emissions of non-methane volatile organic compounds and emissions of ammonia. Additionally, the empirical findings from panel vector error correction model reveal a short-run unidirectional causality from GDP per capita growth to greenhouse gas emissions, as well as a bidirectional causal link between primary energy consumption and greenhouse gas emissions. Furthermore, since there occurred no causal link between economic growth and primary energy consumption, the neo-classical view was confirmed, namely the neutrality hypothesis.

A Regional Analysis of the Life Cycle Environmental and Economic Tradeoffs of Different Economic Growth Paths

Directory of Open Access Journals (Sweden)

Weiwei Mo

2018-02-01

Full Text Available Different economic development strategies may result in varied socioeconomic and environmental synergies or tradeoffs, suggesting an opportunity for environmentally conscious planning. To understand such synergies or tradeoffs, a dynamic environmental life cycle assessment was conducted for eleven groups of New Hampshire industries. Historical state level Gross Domestic Product (GDP-by-industry data was combined with economic input-output analysis to calculate the direct and life cycle energy use, freshwater use, greenhouse gas emissions, and eutrophication potential of each industry on a yearly basis for the period of 1997–2012. The future development of agriculture, traditional manufacturing, high tech, and tourism industries were investigated based on government projections. Total life cycle impacts of the 11 industries were found to represent around three to seven times those of direct impacts, indicating the significance of the supply chain impacts. Traditional manufacturing has the highest life cycle impacts even though it contributes to less than 10% of the state GDP. Future development of high tech was found to be the best strategy to increase GDP while imposing the least additional environmental impacts. Tourism presents relatively high impacts in terms of freshwater use and eutrophication potential, and a change in recreational style might be able to reduce its impacts.

SECTORAL SHARES AND ECONOMIC GROWTH

DEFF Research Database (Denmark)

Ahmad, Nisar; Naveed, Amjad; Naz, Amber

2013-01-01

believe that structural change is an unimportant side effect of the economic development. On the contrary, economists associated with the World Bank and some others posit that growth is brought about by the changes in sectoral composition. The objective of this study is to empirically test...... the relationship between sectoral shares and economic growth by using the panel data for 20 developed countries. The results of the granger causality suggest that both services and agriculture sectors do granger cause economic growth, whereas industrial sector does not granger cause growth. Reverse causality does...... not hold for any of the three sectors. The results of Barro and Non-Barro regressions along with the set of control variables have suggested that services sector is negatively affecting growth, whereas both industrial and agriculture shares are positively affect economic growth....

Economic Growth and Environmental Quality in the European Union Countries – Is there Evidence for the Environmental Kuznets Curve?

Directory of Open Access Journals (Sweden)

Mazur Anna

2015-03-01

Full Text Available This research empirically explores the relation between carbon dioxide emission and economic growth during the period 1992-2010, using panel data on the European Union countries. Both fixed and random effect models are employed to test the Environmental Kuznets Curve (EKC relationship between CO2 emissions and GDP per capita. While no U-shaped EKC was confirmed empirically for all 28 current EU member states, the graphical analysis demonstrates a justified turning point for CO2 emissions as GDP per capita reaches the level of 23,000 USD. Furthermore, there is a firm empirical ground for the EKC hypothesis based on data from 16 older, relatively high-income EU states. Thus, though not empirically confirmed, there is ample data verifying the existence of the EKC in EU economies.

Prosperity without growth. Economics for a Finite Planet

International Nuclear Information System (INIS)

Jackson, T.

2010-01-01

Is more economic growth the solution? Will it deliver prosperity and well-being for a global population projected to reach nine billion? In this explosive book, the author makes a compelling case against continued economic growth in developed nations. No one denies that development is essential for poorer nations. But in the advanced economies there is mounting evidence that ever-increasing consumption adds little to human happiness and may even impede it. More urgently, it is now clear that the ecosystems that sustain our economies are collapsing under the impacts of rising consumption. Unless we can radically lower the environmental impact of economic activity - and there is no evidence to suggest that we can - we will have to devise a path to prosperity that does not rely on continued growth. Economic heresy? Or an opportunity to improve the sources of well-being, creativity and lasting prosperity that lie outside the realm of the market? The author provides a credible vision of how human society can flourish - within the ecological limits of a finite planet. Fulfilling this vision is simply the most urgent task of our times. This book is a substantially revised and updated version of Jackson's controversial study for the Sustainable Development Commission, an advisory body to the UK Government. [nl

Economic Growth and the Environment - or the Extinction of the GDP-dinosaur

DEFF Research Database (Denmark)

Røpke, Inge

1997-01-01

Abstract Market economies are fundamentally characterized by economic growth. Growth rates may be higher or lower, but the GDP seldom stagnates or diminishes - and when it does, this is considered a symptom of crisis. During the past few decades environmental problems have caused increasing conce...

A review of mathematical models in economic environmental problems

DEFF Research Database (Denmark)

Nahorski, Z.; Ravn, H.F.

2000-01-01

The paper presents a review of mathematical models used,in economic analysis of environmental problems. This area of research combines macroeconomic models of growth, as dependent on capital, labour, resources, etc., with environmental models describing such phenomena like natural resources...... exhaustion or pollution accumulation and degradation. In simpler cases the models can be treated analytically and the utility function can be optimized using, e.g., such tools as the maximum principle. In more complicated cases calculation of the optimal environmental policies requires a computer solution....

Essays in environmental economics

Science.gov (United States)

Bartz-Marvez, Sherry L.

This body of work contributes to the literature on two current topics in environmental economics: (1) the relationship between economic development and environmental degradation; and (2) the effectiveness of mandatory information disclosure as a regulatory instrument. For the first topic, we link theoretical and empirical Environmental Kuznets Curve research by using calibration and simulation to test a growth model with environmental quality as a normal good and emissions as a factor of production. We use U.S. macroeconomic, emissions and compliance data to calibrate parameters representing preferences for environmental quality and marginal abatement costs. We simulate the model starting from a less-developed initial condition and compare the predicted pollution-income relationship with that in the data. Our results are mixed. Some support exists for the theory that an inverted U-shape results from a corner solution in which less developed countries do not abate pollution. However, pollution peaks at a level of per capita income which is much lower than that observed in the U.S. data. For the second topic, we study the effectiveness of mandatory information disclosure as environmental regulation. Community-right-to-know programs such as the EPA's Toxic Release Inventory (TRI) use mandatory information disclosure to "shame" dirty firms into reducing emissions. The idea is that the public---armed with previously unavailable emissions information---will pressure firms with higher-than-expected emissions to "clean-up." We use the electricity industry to study the impact of price-and-entry deregulation on the effectiveness of the TRI. Using event studies, we find that, on average, utilities experience losses in firm value immediately following TRI announcements. Using panel regressions, we show that toxic emissions released in regulated states are associated with decreases in firm value while those released in deregulated states are associated with increases in firm

Sociological explanations of economic growth.

Science.gov (United States)

Marsh, R M

1988-01-01

Even if questions of how resources are distributed within and between societies are the main concern, it is necessary to continue to grapple with the issue of the causes of economic growth since economic growth and level of development continue to be among the most important causes of inequality, poverty, unemployment, and the quality of life. This paper's dependent variable is the economic growth rate of 55 less developed countries (LDCs) over 2 time periods. 1970-78 and 1965-84. The causal model consists of control variables--level of development and domestic investment in 1965--and a variety of independent variables drawn from major sociological theories of economic growth published during the last 3 decades. Multiple regression analysis shows that, net of the effects of the 2 control variables, the variables which have the strongest effect on economic growth are: 1) direct foreign investment, which has a negative effect, 2) the proportion of the population in military service, and 3) the primary school enrollment ratio, both of which have positive effects on economic growth. On the other hand, variables drawn from some theories receive no empirical support. The mass media of communications, ethnolinguistic heterogeneity, democracy and human rights, income inequality, and state-centric theory's key variable, state strength, all fail to show any significant impact on economic growth rates when the control variables and the significant independent variables are held constant. The theoretical implications of these findings are discussed.

Effect of production quotas on economic and environmental values of growth rate and feed efficiency in sea cage fish farming.

Science.gov (United States)

Besson, M; de Boer, I J M; Vandeputte, M; van Arendonk, J A M; Quillet, E; Komen, H; Aubin, J

2017-01-01

In sea cage fish farming, production quotas aim to constrain the impact of fish farming on the surrounding ecosystem. It is unknown how these quotas affect economic profitability and environmental impact of genetic improvement. We combined bioeconomic modelling with life cycle assessment (LCA) to calculate the economic (EV) and environmental (ENV) values of thermal growth coefficient (TGC) and feed conversion ratio (FCR) of sea bass reared in sea cages, given four types of quota commonly used in Europe: annual production (Qprod), annual feed distributed (Qannual_feed), standing stock (Qstock), and daily feed distributed (Qdaily_feed). ENV were calculated for LCA impact categories climate change, eutrophication and acidification. ENV were expressed per ton of fish produced per year (ENV(fish)) and per farm per year (ENV(farm)). Results show that irrespective of quota used, EV of FCR as well as ENV(fish) and ENV(farm) were always positive, meaning that improving FCR increased profit and decreased environmental impacts. However, the EV and the ENV(fish) of TGC were positive only when quota was Qstock or Qdaily_feed. Moreover, the ENV(farm) of TGC was negative in Qstock and Qdaily_feed quotas, meaning that improving TGC increased the environmental impact of the farm. We conclude that Qstock quota and Qdaily_feed quota are economically favorable to a genetic improvement of TGC, a major trait for farmers. However, improving TGC increases the environmental impact of the farm. Improving FCR represents a good opportunity to balance out this increase but more information on its genetic background is needed to develop breeding programs improving FCR.

Effect of production quotas on economic and environmental values of growth rate and feed efficiency in sea cage fish farming.

Directory of Open Access Journals (Sweden)

M Besson

Full Text Available In sea cage fish farming, production quotas aim to constrain the impact of fish farming on the surrounding ecosystem. It is unknown how these quotas affect economic profitability and environmental impact of genetic improvement. We combined bioeconomic modelling with life cycle assessment (LCA to calculate the economic (EV and environmental (ENV values of thermal growth coefficient (TGC and feed conversion ratio (FCR of sea bass reared in sea cages, given four types of quota commonly used in Europe: annual production (Qprod, annual feed distributed (Qannual_feed, standing stock (Qstock, and daily feed distributed (Qdaily_feed. ENV were calculated for LCA impact categories climate change, eutrophication and acidification. ENV were expressed per ton of fish produced per year (ENV(fish and per farm per year (ENV(farm. Results show that irrespective of quota used, EV of FCR as well as ENV(fish and ENV(farm were always positive, meaning that improving FCR increased profit and decreased environmental impacts. However, the EV and the ENV(fish of TGC were positive only when quota was Qstock or Qdaily_feed. Moreover, the ENV(farm of TGC was negative in Qstock and Qdaily_feed quotas, meaning that improving TGC increased the environmental impact of the farm. We conclude that Qstock quota and Qdaily_feed quota are economically favorable to a genetic improvement of TGC, a major trait for farmers. However, improving TGC increases the environmental impact of the farm. Improving FCR represents a good opportunity to balance out this increase but more information on its genetic background is needed to develop breeding programs improving FCR.

Corporate Social Responsibility and Environmentally Sound Technology in Endogenous Firm Growth

Directory of Open Access Journals (Sweden)

Angela C. Chao

2017-02-01

Full Text Available We have entered the “New Normal” economy, with more emphasis on economic growth driven by innovation than resource. This paper investigates the impacts of firms considering corporate social responsibility and environmentally sound technology by building a three-stage Cournot competition model with asymmetric cost. The sustainable development of economic and endogenous firm growth achieves the win–win result in the theoretical model. Using data from 31 firms in China, this paper empirically researches on the relationships among corporate social responsibility, environmentally sound technology and firm endogenous growth. The results show that: (1 Marginal cost decreased with the increase of innovation, as well as getting government research and development subsidy, which has a positive effect on firm growth. (2 Consumers respond positively to corporate social responsibility initiative, the reputation of the firm can be improved. At the same time, environmentally sound technology objectively reduces the marginal cost of competitors because of the technology spillover. (3 Profit of a firm undertaking corporate social responsibility partly decreases, which has a negative effect on firm growth. The contradiction between corporate social responsibility and profit of firm could be adjusted, such as socially responsible investment fund hosed by institutional investors.

Ecological Economics: Themes, Approaches, and Differences with Environmental Economics

OpenAIRE

Jeroen C.J.M. van den Bergh

2000-01-01

This provides a short overview of the main themes of ecological economics (EE). It isargued that EE provides a platform that fosters multidisciplinary environmental research bybringing together the core contributing disciplines economics and ecology. In addition, EE isregarded as a pluralistic approach to environmental research that can be set opposite to, and hasindeed developed as a response to, traditional environmental and resource economics. Acomparison of the two fields is presented to ...

Quality, Export and Economic Growth

DEFF Research Database (Denmark)

Madsen, Erik Strøjer; Pedersen, Kurt

1998-01-01

in an international context. The paper, therefore, addresses the complicated interactions between economic growth, export performance and quality. The contribution of the paper, compared to other growth accounting research, is the inclusion of quality data, quality being a significant mirror of technological...... development. The countries covered by the research represent a wide variation in terms of economic development, from poor LDC's to the most developed industrial nations. The empirical results reveal a probable strong relationship between quality/price and export growth as well as economic growth. This new...

Electricity regulation and economic growth

OpenAIRE

Costa, M. Teresa (Maria Teresa), 1951-; Garcia-Quevedo, Jose; Trujillo-Baute, Elisa

2018-01-01

The main objective of this paper is to analyse the effect of electricity regulation on economic growth. Although the relationship between electricity consumption and economic growth has been extensively analysed in the empirical literature, this framework has not been used to estimate the effect of electricity regulation on economic growth. Understanding this effect is essential for the assessment of regulatory policy. Specifically, we assess the effects of two major areas of regulation, rene...

Exploring the link between environmental pollution and economic growth in EU-28 countries: Is there an environmental Kuznets curve?

Directory of Open Access Journals (Sweden)

Daniel Armeanu

Full Text Available This study examines the Environmental Kuznets Curve hypothesis (EKC, considering the primary energy consumption among other country-specific variables, for a panel of the EU-28 countries during the period 1990-2014. By estimating pooled OLS regressions with Driscoll-Kraay standard errors in order to account for cross-sectional dependence, the results confirm the EKC hypothesis in the case of emissions of sulfur oxides and emissions of non-methane volatile organic compounds. In addition to pooled estimations, the output of fixed-effects regressions with Driscoll-Kraay standard errors support the EKC hypothesis for greenhouse gas emissions, greenhouse gas emissions intensity of energy consumption, emissions of nitrogen oxides, emissions of non-methane volatile organic compounds and emissions of ammonia. Additionally, the empirical findings from panel vector error correction model reveal a short-run unidirectional causality from GDP per capita growth to greenhouse gas emissions, as well as a bidirectional causal link between primary energy consumption and greenhouse gas emissions. Furthermore, since there occurred no causal link between economic growth and primary energy consumption, the neo-classical view was confirmed, namely the neutrality hypothesis.

Exploring the link between environmental pollution and economic growth in EU-28 countries: Is there an environmental Kuznets curve?

Science.gov (United States)

Armeanu, Daniel; Vintilă, Georgeta; Gherghina, Ştefan Cristian; Drăgoi, Mihaela Cristina; Teodor, Cristian

2018-01-01

This study examines the Environmental Kuznets Curve hypothesis (EKC), considering the primary energy consumption among other country-specific variables, for a panel of the EU-28 countries during the period 1990–2014. By estimating pooled OLS regressions with Driscoll-Kraay standard errors in order to account for cross-sectional dependence, the results confirm the EKC hypothesis in the case of emissions of sulfur oxides and emissions of non-methane volatile organic compounds. In addition to pooled estimations, the output of fixed-effects regressions with Driscoll-Kraay standard errors support the EKC hypothesis for greenhouse gas emissions, greenhouse gas emissions intensity of energy consumption, emissions of nitrogen oxides, emissions of non-methane volatile organic compounds and emissions of ammonia. Additionally, the empirical findings from panel vector error correction model reveal a short-run unidirectional causality from GDP per capita growth to greenhouse gas emissions, as well as a bidirectional causal link between primary energy consumption and greenhouse gas emissions. Furthermore, since there occurred no causal link between economic growth and primary energy consumption, the neo-classical view was confirmed, namely the neutrality hypothesis. PMID:29742169

Economic Growth and the Evolution of Material Cycles

DEFF Research Database (Denmark)

Zhang, Chao; Chen, Wei Qiang; Liu, Gang

2017-01-01

Understanding the relationship between material cycles and economic growth is essential for relieving environmental pressures associated with material extraction, production, and consumption. We developed an integrated analytical framework of dematerialization analysis incorporating both material...... flow and stock indicators. A four-quadrant diagram is designed to classify different stages of dematerialization based on the elasticity of material flow/stock to economic output or well-being. We then conducted a case study on the long-term evolution of aluminum cycle in the U.S., and found...... and secondary material recycling, take effect at different stages of economic development. Comprehensive understanding of dematerialization depends on in-depth analysis on material-economy relationships from an integrated stock and flow perspective....

Strategies for environmentally sound economic development

International Nuclear Information System (INIS)

Duchin, F.; Lange, G.M.

1991-01-01

This paper reports that it has been estimated that the burning of fossil fuels and the clearing of forests account for 6-7 billion tons of carbon emissions each year. Combustion also results in significant emissions of sulfur oxides and nitrogen oxides. While the growth in the use of fuels has slowed considerably in the developed regions of North America, western Europe, and Japan over the past decade, pressure for increased energy use and the clearing of forests can be expected with even moderate economic and population growth in the developing regions of Asia, Africa, and Latin America. Researchers at the Institute for Economic Analysis have begun the formulation and analysis of alternative scenarios describing environmentally sound economic development over the next 50 years. These scenarios include activities aimed at improving the standards of living in developing countries while reducing emissions of the aforementioned gases or removing carbon from the atmosphere. Specific alternatives include tropical forestation; the adoption of relatively clean and efficient boilers, especially for the production of electricity in developing countries, as well as greater use of cogeneration systems and hydroelectricity; alternative transportation strategies; and conservation of energy in households of rich and middle-income countries (e.g., efficient lighting fixtures, appliances, and cooling equipment)

Can the capitalist economic system deliver environmental justice?

Science.gov (United States)

Bell, Karen

2015-12-01

Can a healthy environment for all social groups be delivered through capitalism via market mechanisms? Or is it the capitalist system, itself, that has been at the root of the environmental and social crises we now face? This letter engages with this ongoing debate by drawing on material from a wider study, ‘Achieving Environmental Justice’, which examined the extent, form and causes of environmental justice and injustice in a range of countries with varying depths of marketization—United States, South Korea, United Kingdom, Sweden, China, Bolivia and Cuba. The analysis described here focuses on the interview material from this mixed methods study, drawing on over 140 interviews with officials, policy makers, and civil society leaders. The letter argues that there is an apparent propensity for capitalist processes to exacerbate, rather than reduce, environmental problems and inequities though the pursuit of relentless economic growth and profit accumulation. Therefore, we should perhaps let go of efforts to resolve environmental injustice within the constraints of capitalism and, instead, build an alternative economic system that can meet human needs in the context of a harmonious and respectful relationship with nature.

Do Oil-Producing Countries Have Normal Oil Overconsumption? An Investigation of Economic Growth and Energy Subsidies

OpenAIRE

Seyed Reza Mirnezami

2015-01-01

The data shows that oil-producing countries have low oil retail prices and low economic growth compared with other countries. Considering that oil-producing countries experience high oil consumption and low economic growth, it is possible to argue that economic growth is not an appropriate justification for oil consumption and that the main cause for high oil consumption is the low retail price. In addition, it should be noted that the global environmental movement against increasing greenhou...

Green economic growth premise for sustainable development

Directory of Open Access Journals (Sweden)

Carmen Lenuţa TRICĂ

2013-01-01

Full Text Available Accelerating the global issues such as natural resource depletion, damage to the natural environment, economic and financial crises and consumption growth led to the shift of the development paradigm from consumption to sustainable development and recognition of the new path, namely green economy.At the European level a number of international organizations discussed issues of transition to green economy (EC, UNEP, OECD. In 2008, UNEP launched “Green Economy Initiative to Get the Global Markets Back to Work”, aiming to mobilize and re-focuse the global economy towards.This is the twin challenge of moving towards a green economy: radically reducing the footprint of developed countries, while simultaneously raising levels of social and material well being in developing countries.Without public intervention, the related market failures (i.e. market prices that do not fully reflect the environmental degradation generated by economic activity may delay or even prevent the development of environmentally-friendly technologies.Furthermore, in sectors such as electricity, network effects arising from existing infrastructures create additional barriers to the adoption of alternative sources of power, further hampering incentives to invest in new technologies.Given that the transition to a green economy requires increasing of investment in economic sectors that contribute to enhancing of natural capital and reduce environmental risks, we intend to analyze the main measures taken by Romania to ensure transition to green economy.

ECONOMIC GROWTH AND EQUALITY IN REDUCING POVERTY

Directory of Open Access Journals (Sweden)

Zaenal Muttaqin

2016-02-01

Full Text Available In some developing countries, the instrument to alleviate the poverty is by using the economic growth. So, the increasing in investment, infrastructure development, and macroeconomics stability always be priority from developing countries. In this article explain that economic growth is not the important factor to alleviate the poverty, because equality sometimes is more important rather than the economic growth. In this context, its measure by inequality growth trade off index (IGTI. This method is to measure the influence of economic growth to reducing the inequality, with this method every country can measure which one is better to reducing the poverty whether the economic growth or equality. With this method, Laos in 2000 show that economic growth is more important than equality, but in the same year in Thailand show that equality is more important than economic growth.DOI: 10.15408/sjie.v1i1.2592

Is environmental management an economically sustainable business?

Science.gov (United States)

Gotschol, Antje; De Giovanni, Pietro; Esposito Vinzi, Vincenzo

2014-11-01

This paper investigates whether environmental management is an economically sustainable business. While firms invest in green production and green supply chain activities with the primary purpose of reducing their environmental impact, the reciprocal relationships with economic performance need to be clarified. Would firms and suppliers adjust their environmental strategies if the higher economic value that environmental management generates is reinvested in greening actions? We found out that environmental management positively influences economic performance as second order (long term) target, to be reached conditioned by higher environmental performance; in addition, firms can increase their performance if they reinvest the higher economic value gained through environmental management in green practices: While investing in environmental management programs is a short term strategy, economic rewards can be obtained only with some delays. Consequently, environmental management is an economically sustainable business only for patient firms. In the evaluation of these reciprocal relationships, we discovered that green supply chain initiatives are more effective and more economically sustainable than internal actions. Copyright © 2014 Elsevier Ltd. All rights reserved.

City Population Growth and Economic Growth

DEFF Research Database (Denmark)

Freire-Gibb, L. Carlos

2008-01-01

This article looks at the relationship between city population growth (intimately related to population proximity), and economic development. The hypothesis is that wherever dynamic and inclusive networks exist, there are more opportunities for economic development in this place. When these types...... of networks choose a tool (project, policy) to implement in the city, success will be more likely. Furthermore, virtuous circles will arise. The author gives an overview of two historical cases in urban growth, in Europe (1200-1800) and the U.S.A. (1800 to today)....

Economic institutions and economic growth: Empirical evidence from the Economic Community of West African States

Directory of Open Access Journals (Sweden)

Lazarus Z. Wanjuu

2017-12-01

Background: Economic institutions are considered as the fundamental cause of economic growth. Economic institutions affect economic growth through allocation of resources like physical and human capital. Unfortunately, there is dearth of empirical studies showing the impact of economic institutions on growth of the Economic Community of West African States (ECOWAS. Aim: This study investigates the impact of economic institutions on economic growth of the ECOWAS. Setting and method: The study applied cause and effect relationship. The study used econometric research techniques of unit root and co-integration tests to establish the time series properties of the data; the vector error correction and co-integration regression models to estimate the population parameters. The research data comprised data obtained from the United Nations Conference on Trade and Development (UNCTAD, the Transparency International (TI and Heritage Foundation databases. The variables employed were the real gross domestic product (GDP per capita (RGDPPC, corruption perception index (CPI, property rights protection (PROPRGT, private investment per capita (INVESPC, government expenditure per capita (GOEXPPC and trade openness (TRAOPN. Results: The results of the data analysed showed that economic institutions represented by the property rights index engender RGDPPC growth in ECOWAS. The CPI could not stimulate RGDPPC growth in ECOWAS. The results also show that all the other variables stimulated growth except trade openness. Conclusion: The study concludes that good economic institutions, private investments, and government intervention by providing security, economic and social infrastructural facilities are conducive for economic growth in the ECOWAS region. The study recommended that more efforts be made at curbing corruption in the region

Economic Growth and Transboundary Pollution in Europe. An Empirical Analysis

Energy Technology Data Exchange (ETDEWEB)

Ansuategi, A. [Ekonomi Analisiaren Oinarriak I Saila, Ekonomi Zientzien Fakultatea, Lehendakari Agirre Etorbidea, 83, 48015 Bilbao (Spain)

2003-10-01

The existing empirical evidence suggests that environmental Kuznets curves only exist for pollutants with semi-local and medium term impacts. Ansuategi and Perrings (2000) have considered the behavioral basis for the correlation observed between different spatial incidence of environmental degradation and the relation between economic growth and environmental quality. They show that self-interested planners following a Nash-type strategy tend to address environmental effects sequentially: addressing those with the most immediate costs first, and those whose costs are displaced in space later. This paper tests such behavioral basis in the context of sulphur dioxide emissions in Europe.

Economic Growth and Transboundary Pollution in Europe. An Empirical Analysis

International Nuclear Information System (INIS)

Ansuategi, A.

2003-01-01

The existing empirical evidence suggests that environmental Kuznets curves only exist for pollutants with semi-local and medium term impacts. Ansuategi and Perrings (2000) have considered the behavioral basis for the correlation observed between different spatial incidence of environmental degradation and the relation between economic growth and environmental quality. They show that self-interested planners following a Nash-type strategy tend to address environmental effects sequentially: addressing those with the most immediate costs first, and those whose costs are displaced in space later. This paper tests such behavioral basis in the context of sulphur dioxide emissions in Europe

ECONOMIC GROWTH AND AIR POLLUTION IN THECZECHREPUBLIC: DECOUPLING CURVES

Directory of Open Access Journals (Sweden)

Petr Šauer

2012-07-01

Full Text Available The decoupling curve, together with the Environmental Kuznets Curve, has beenrecognized as one of the important indicators showing relations betweeneconomic growth and environmental degradation/pollution. Many boththeoreticaland empirical studies have been published on it. Our paper brings models whichinvestigate relations between the economic growth per capita and selectedindicators of air pollution in theCzechRepublic. The analysis tried to go beforethe year 1990, despite the difficulties when dealing with different macroeconomicindicators published during the socialist period and those introduced after thetransition to a market economy. The results might be somehow surprising forthose dealing only with data generated after the year 1990: it is possible todiscover the turning points for some of the airborne pollutants already in the1980s.

Entrepreneurial Diversity and Economic Growth

NARCIS (Netherlands)

I. Verheul (Ingrid); A.J. van Stel (André)

2007-01-01

textabstractMost studies investigating the relationship between entrepreneurship and economic growth treat entrepreneurs as a homogeneous group. This study investigates the impact of entrepreneurial diversity on national economic growth. Using data for 36 countries participating in the Global

Water security, risk, and economic growth: Insights from a dynamical systems model

Science.gov (United States)

Dadson, Simon; Hall, Jim W.; Garrick, Dustin; Sadoff, Claudia; Grey, David; Whittington, Dale

2017-08-01

Investments in the physical infrastructure, human capital, and institutions needed for water resources management have been noteworthy in the development of most civilizations. These investments affect the economy in two distinct ways: (i) by improving the factor productivity of water in multiple economic sectors, especially those that are water intensive such as agriculture and energy and (ii) by reducing acute and chronic harmful effects of water-related hazards like floods, droughts, and water-related diseases. The need for capital investment to mitigate risks and promote economic growth is widely acknowledged, but prior conceptual work on the relationship between water-related investments and economic growth has focused on the productive and harmful roles of water in the economy independently. Here the two influences are combined using a simple, dynamical systems model of water-related investment, risk, and growth. In cases where initial water security is low, initial investment in water-related assets enables growth. Without such investment, losses due to water-related hazards exert a drag on economic growth and may create a poverty trap. The presence and location of the poverty trap is context-specific and depends on the exposure of productive water-related assets to water-related risk. Exogenous changes in water-related risk can potentially push an economy away from a growth path toward a poverty trap. Our investigation shows that an inverted-U-shaped investment relation between the level of investment in water security and the current level of water security leads to faster rates of growth than the alternatives that we consider here, and that this relation is responsible for the "S"-curve that is posited in the literature. These results illustrate the importance of accounting for environmental and health risks in economic models and offer insights for the design of robust policies for investment in water-related productive assets to manage risk, in the face

Economic Growth of a Rapidly Developing Economy: Theoretical Formulation

Directory of Open Access Journals (Sweden)

Oleg Sergeyevich Sukharev

2016-06-01

Full Text Available The subject matter of the article is the description of economic growth. Modern economy is characterized by a high rate of changes. These changes are the limiting parameters of modern development, which requires a modification of the basic models of growth, the substantiation of the expediency and necessity of a rapid development strategy. In a simple mathematical form, the statement of the problem of economic growth in the “green economy” is examined, in which the costs of environmental measures are not considered a priori as hampering economic development (as it is common for a number of modern neoclassical and neo-Keynesian growth models. The methodological basis of the article are the econometric approach and modelling method. The article has a theoretical character. The main hypothesis supposes that the rapid development strategy cannot make an adequate development strategy under certain conditions, but may be acceptable in other its specific conditions. In this sense, the important growth conditions are the availability of resources, the effectiveness of institutions and the current economic structure, the technological effectiveness of economy, as well as the conditions of technological development (“green economy” and the path of such development. In the article, on the theoretical level of analysis, the substantiation of the adequacy of the rapid development strategy for an economic system is given, whose goal is to achieve the standard of living of the countryleader. Based on the assumptions introduced, the period for which the rapid development strategy might be implemented and the economic lag of the country might be reduced from the country-leader is determined. The conditions that ensure the impact of innovations on the rate of economic development are summarized. The introduced range of dependencies and relations can be useful for the elaboration of the theory of innovation development and for the formation of a new

Environmental pressures from European consumption and production. A study in integrated environmental and economic analysis

Energy Technology Data Exchange (ETDEWEB)

Watson, D. [Copenhagen Resource Institute, Copenhagen (Denmark); Fernandez, J.A.; Wittmer, D. [Wuppertal Institute, Wuppertal (Germany); Gravgaerd Pedersen, O. [Statistics Denmark, Copenhagen (Denmark); European Topic Centre on Sustainable Consumption and Production, Copenhagen (Denmark)

2013-03-15

Environmental pressures from European consumption and production shows how economic and environmental data can be integrated to analyse environmental performance and material efficiency of whole economies as well as their individual elements. The analyses presented in the report provide policy makers with a tool to target economic incentives and information campaigns, encouraging a shift to more sustainable production and consumption patterns in order to reduce Europe's global footprint. The report discusses two analytical approaches. The production-based method considers direct environmental pressures caused by European industries and service providers - for example, the extraction of material resources by the mining and quarrying sector, air pollutants from power stations, greenhouse gas emissions from agriculture and so on. The consumption-based method focuses on the indirect environmental pressures caused by European consumers. In this approach, the direct production-related pressures are attributed to broad groups of products and services, also taking into account pressures that are embodied in goods imported into the EU. Using Environmentally Extended Input Output Analysis (EE-IOA) it is possible to estimate the environmental pressures ultimately generated by individual product groups and also by European consumption as a whole. Four types of environmental pressures are considered by the report: raw material use, greenhouse gas emissions, acidifying air emissions, and air pollutants leading to harmful ground-level ozone. However, the method has the potential to assess many other types of environmental pressure including land use, water use, waste generation and energy use. Thanks to the conceptual consistency between the system of national economic accounts and environmental accounts, data on environmental pressures is directly comparable to economic expenditure. Policy makers can thus see which sectors have been most successful in decoupling

Developing models that analyze the economic/environmental trade-offs implicit in water resource management

Science.gov (United States)

Howitt, R. E.

2016-12-01

Hydro-economic models have been used to analyze optimal supply management and groundwater use for the past 25 years. They are characterized by an objective function that usually maximizes economic measures such as consumer and producer surplus subject to hydrologic equations of motion or water distribution systems. The hydrologic and economic components are sometimes fully integrated. Alternatively they may use an iterative interactive process. Environmental considerations have been included in hydro-economic models as inequality constraints. Representing environmental requirements as constraints is a rigid approximation of the range of management alternatives that could be used to implement environmental objectives. The next generation of hydro-economic models, currently being developed, require that the environmental alternatives be represented by continuous or semi-continuous functions which relate water resource use allocated to the environment with the probabilities of achieving environmental objectives. These functions will be generated by process models of environmental and biological systems which are now advanced to the state that they can realistically represent environmental systems and flexibility to interact with economic models. Examples are crop growth models, climate modeling, and biological models of forest, fish, and fauna systems. These process models can represent environmental outcomes in a form that is similar to economic production functions. When combined with economic models the interacting process models can reproduce a range of trade-offs between economic and environmental objectives, and thus optimize social value of many water and environmental resources. Some examples of this next-generation of hydro-enviro- economic models are reviewed. In these models implicit production functions for environmental goods are combined with hydrologic equations of motion and economic response functions. We discuss models that show interaction between

Corporate Stability and Economic Growth

OpenAIRE

He, Kathy S.; Morck, Randall; Yeung, Bernard

2003-01-01

Greater instability in a country's list of top corporations is associated with faster economic growth. This faster growth is primarily due to faster growth in total factor productivity in industrialized countries, and faster capital accumulation in developing countries. These findings are consistent with the view that economic growth is more closely tied to the rise of new large firms than to the prosperity of established large firms. Although a stable list of leading corporations is highly c...

21st Century Environmental Challenges: The Need For a New Economics

OpenAIRE

Michie, Jonathan; Oughton, Christine

2011-01-01

Research on environmental economics and policy has been dominated by neoclassical theory. While there have been advances in this approach, including more sophisticated analysis of imperfect information and time, and the development of endogenous growth theory, neoclassical models contain a number of underlying characteristics that limit their relevance for modelling firm behaviour especially in relation to environmental issues, innovation and change. The limitations spring fundamentally from ...

Is There a Limit to Growth? Comparing the Environmental Cost of an Airport’s Operations with Its Economic Benefit

Directory of Open Access Journals (Sweden)

Cherie Lu

2017-11-01

Full Text Available With the growing global awareness of the requirement for sustainable development, economic development is no longer the sole objective of business activities. The need to find a balance between environmental impacts and economic benefits is especially the case for airport operations in or around cities. This study measured the environmental costs and economic benefits and of an airport for a period of 10 years, using Taipei Songshan Airport for the empirical analysis, to examine whether the environmental costs could outweigh the economic benefits. Of all the environmental negative side effects, aircraft engine emissions and noise nuisance are considered the main sources of environmental impacts. The dose-response method and the hedonic price method, respectively, were used for estimating the social costs of these. Income generation from both direct and secondary employment is measured as economic benefits by applying the Garin-Lowry model, originally developed in 1966, for estimation of the employment multiplier. The results show that, in general, the operation of Taipei Songshan Airport brought more economic benefits than environmental costs. The sensitivity analysis of emissions and noise social cost parameters shows that the environmental costs might have exceeded the economic benefits in 2008 and 2009 in certain high emissions and noise social cost cases.

How robust is the relationship between economic freedom and economic growth?

NARCIS (Netherlands)

Sturm, JE; De Haan, J

Using various indicators for economic freedom, it is shown that increases in economic freedom are robustly related to economic growth. This conclusion holds even if the impact of outlying observations is taken into account. The level of economic freedom is not related to growth.

Identifying the environmental support and constraints to the Chinese economic growth—An application of the Emergy Accounting method

International Nuclear Information System (INIS)

Lou, Bo; Ulgiati, Sergio

2013-01-01

The economy of China keeps increasing at high rate, although a bit slower recently than in the past due to the international economic turmoil. The Chinese economic performance affects the world economy in many ways (from increased primary resource and commodity imports to a more active financial role of China worldwide). Not unexpectedly, several and diverse environmental problems are coupled with economic growth, linked to resource availability, competition for energy resources and the overall carrying capacity of the environment as a source and a sink. Monodimensional assessments of either economic growth or environmental aspects are unlikely to provide the needed understanding of development opportunities and potential environmental loading. We suggest in this paper an assessment of the evolution of Chinese Economy based on the Emergy Accounting method, developed by H.T. Odum in the Eighties and further refined more recently. The emergy approach is being increasingly applied worldwide, and in China as well, to study individual production processes, sectors and whole economies and provides a comprehensive picture of the interaction of economic growth and the environment, much useful for economic and environmental policy making. A set of emergy-based performance indicators was calculated with reference to the year 2009 and compared with previous studies from literature, by means of a standardization procedure to ensure consistency. The 2009 national Emergy/GDP ratio, an indicator of the emergy investment per unit of economic product generated, has been calculated respectively as 8.61E+11 solar equivalent joules/Yuan RMB (equivalent to 5.88E+12 sej/US$), showing a decreasing trend from 1975 up-to-date, similar to other countries over their development path. The Emergy Sustainability Index (ESI), an aggregate measure of economic performance and environmental load, also shows a decreasing trend signaling that the Chinese economic development is strictly coupled to

Environmental protection economically viable

International Nuclear Information System (INIS)

Dartsch, B.; Hildebrandt, T.

1994-01-01

The Environmental Technology Forum for Industry and Research (Utech) was held for the fifth time this year at the International Congress Centre in Berlin. The main themes of this year's Utech were additive environmental protection, production-integrated environmental protection, management and economic aspects of environmental protection, research and development in environmental protection as well as environmental information legislation. (orig.) [de

[Economic growth with zero population growth and with declining population].

Science.gov (United States)

Kurz, R

1982-05-01

The effects of both zero population growth and a declining population on economic growth are considered. Although the neoclassical theory of economic growth leads to optimistic results in such cases, the author suggests that this theory cannot be used as a basis for political action. The need for further research into the economic effects of a stationary or declining population is stressed. (summary in ENG)

Does energy efficiency improve technological change and economic growth in developing countries?

International Nuclear Information System (INIS)

Cantore, Nicola; Calì, Massimiliano; Velde, Dirk Willem te

2016-01-01

Does a trade-off exist between energy efficiency and economic growth? This question underlies some of the tensions between economic and environmental policies, especially in developing countries that often need to expand their industrial base to grow. This paper contributes to the debate by analyzing the relationship between energy efficiency and economic performance at the micro- (total factor productivity) and macro-level (countries' economic growth). It uses data on a large sample of manufacturing firms across 29 developing countries to find that lower levels of energy intensity are associated with higher total factor productivity for the majority of these countries. The results are robust to a variety of checks. Suggestive cross-country evidence points towards the same relation measured at the macro-level as well. - Highlights: •Total factor productivity is an accurate proxy of technological change. •Energy efficiency triggers total factor productivity especially in manufacturing. •Technological change via energy efficiency in manufacturing is an engine of growth.

Decoupling - past trends and prospects for the future[Decoupling of economic growth and environmental impacts

Energy Technology Data Exchange (ETDEWEB)

Azar, Christian; Holmberg, John; Karlsson, Sten [Chalmers Univ. of Tech., Goeteborg (SE). Physical Resource Theory] [and others

2002-05-01

There are widespread demands in society for a dematerialization or decoupling of economic growth from environmental impact. Calls are being made for eco-efficiency and/or an improvement of resource efficiency by a factor of 10. At the same time, some analysts claim there is an environmental Kuznet's curve that supposedly implies a fall in environmental pressure, as we get richer. An improvement in the environmental situation has already been observed in many cases, but there are also many areas where the situation is deteriorating. The purpose of this report is to summarize some key trends of energy and material use over time in both developing and developed countries. We have focused on Sweden, the EU, Japan and the USA as well as China, India and Brazil. The main findings in this paper can be summarized as follows: Absolute emissions of CO{sub 2} have been increasing in most countries and periods studied. Some countries have experienced periods with constant or even falling emissions, but this is the exception rather than the rule, and it has been triggered by oil crises or economic recessions. In order to stabilize atmospheric CO{sub 2} concentrations, CO{sub 2} emissions have to be decoupled much more rapidly than has been the case in the past, and it is extremely unlikely that this will happen by itself. There was some decoupling of CO{sub 2} emissions from GDP in the major economies of the world from 1970 to 1998 in the EU, Japan and the US as well as in some major developing countries such as China, although India actually increased its emissions over GDP by 1.4 per cent/yr over this period. The drop in CO{sub 2} intensity has been prompted by some decoupling of energy from GDP and CO{sub 2} from energy, the latter being a consequence of an increased use of natural gas and nuclear power. In the South, fossil CO 2 per energy tends to increase from rather low levels. With industrialization, the proportion of biomass drops and the proportion of fossil

Technical Education and Economic Growth

Indian Academy of Sciences (India)

First page Back Continue Last page Graphics. Technical Education and Economic Growth. Technical Education and Economic Growth. Review of the Present Status. Expanding no.s and impairment of quality; Faculty shortage; Grim situation at Masters and PhD levels; Regional imbalance; Absence of International flavour ...

Armenia's Economic Growth Sustainability

OpenAIRE

Hayakawa, Tatsuji

2015-01-01

Armenia enjoyed 15 years of uninterrupted high economic growth prior to the global financial crisis in 2009. Investment, particularly in the mining and metallurgy sectors, played a key role as a driver of economic growth. Remittances，mostly from Russia, had an effect in sustaining consumption and boosting construction. Armenia has shown some weaknesses in the external sector, due to demands for natural gas, mineral products, machinery, and equipment. Armenia's exports and FDI suffer from the ...

Innovation, resources and economic growth

International Nuclear Information System (INIS)

Curzio, A.Q.; Fortis, M.; Zoboli, R.

1994-01-01

The book is concerned with the following items: 1. Technological Creativity and Institutions, 2. Innovation at Work in an Historical-Economic Perspective: Energy and Industrial Materials, 3. Scientific Revolutions and Strategies of Economic Supremacy: Advanced Materials and Biotechnologies, 4. Economic Growth and Agro-Food Policies in Key Problem Regions: Former USSR and LDCs, 5. Economic Growth and Natural Resources at Risk: Climate Change, Forests and Water and in Conclusion: Innovation and Resources in a Global Policy Perspective. Only one chapter have regard to energy problems: Energie efficient technologies: past and future perspectives. (UA)

ECONOMIC GROWTH – COSTS AND DEVELOPMENT DISCREPANCES

OpenAIRE

Ion Bucur

2007-01-01

The economic growth shows an ascending tendency of the economic evolution over a long period of time, having favorable social and economic effects. Each economic growth factor acts simultaneous trough three dimensions.

Economic growth, CO2 emissions, renewable waste and FDI relation in Pakistan: New evidences from 3SLS.

Science.gov (United States)

Bakhsh, Khuda; Rose, Sobia; Ali, Muhammad Faisal; Ahmad, Najid; Shahbaz, Muhammad

2017-07-01

First attempt has been made to find the effects of foreign direct investment on environmental pollution and economic growth, in addition to finding the determinants of foreign direct investment inflows in Pakistan using the annual data set for the period of 1980-2014. Simultaneous equation model has been used to find relation between the variables of concern. Results from technique and composition effects show that increase in economic growth leads towards more pollution emissions. Scale effect shows stock of capital and labor have positive effect on the economic growth of Pakistan while pollution has negative effect on growth. In case of capital accumulation effect, economic growth and foreign direct investment have positive and significant effect on stock of capital. Although increase in economic growth increases pollution, however, economic growth declines as pollution crosses a certain limit. Foreign direct investment is also found positively related with pollution. Copyright © 2017 Elsevier Ltd. All rights reserved.

The electricity consumption and economic growth nexus: Evidence from Greece

International Nuclear Information System (INIS)

Polemis, Michael L.; Dagoumas, Athanasios S.

2013-01-01

This paper attempts to cast light into the relationship between electricity consumption and economic growth in Greece in a multivariate framework. For this purpose we used cointegration techniques and the vector error correction model in order to capture short-run and long-run dynamics over the sample period 1970–2011. The empirical results reveal that in the long-run electricity demand appears to be price inelastic and income elastic, while in the short-run the relevant elasticities are below unity. We also argue that the causal relationship between electricity consumption and economic growth in Greece is bi-directional. Our results strengthen the notion that Greece is an energy dependent country and well directed energy conservation policies could even boost economic growth. Furthermore, the implementation of renewable energy sources should provide significant benefits ensuring sufficient security of supply in the Greek energy system. This evidence can provide a new basis for discussion on the appropriate design and implementation of environmental and energy policies for Greece and other medium sized economies with similar characteristics. -- Highlights: •We examine the causality between electricity consumption and economic growth. •We used cointegration techniques to capture short-run and long-run dynamics. •The relationship between electricity consumption and GDP is bi-directional. •Residential energy switching in Greece is still limited. •The implementation of renewable energy sources should ensure security of supply

Human Development and Economic Growth

OpenAIRE

Ranis, Gustav

2004-01-01

Recent literature has contrasted Human Development, described as the ultimate goal of the development process, with economic growth, described as an imperfect proxy for more general welfare, or as a means toward enhanced human development. This debate has broadened the definitions and goals of development but still needs to define the important interrelations between human development (HD) and economic growth (EG). To the extent that greater freedom and capabilities improve economic performan...

Economic prosperity, biodiversity conservation, and the environmental Kuznets curve

International Nuclear Information System (INIS)

Mills, Julianne H.; Waite, Thomas A.

2009-01-01

Many conservationists contend that economic growth and biodiversity conservation are incompatible goals. Some economists contest this viewpoint, arguing that wealthier countries have the luxury of investing more heavily in efforts to conserve biodiversity. Under this assumption, we expect a U-shaped relationship between per capita wealth and proportion of species conserved. We test this environmental Kuznets curve (EKC) using estimates of per capita income and deforestation rates (index of biodiversity threat) for 35 tropical countries. A prior analysis [Dietz, S., Adger, W.N., 2003. Economic growth, biodiversity loss and conservation effort. Journal of Environmental Management, 68:23-35] using conventional regression techniques failed to provide any support for the parabolic relationship predicted by the EKC hypothesis. Here, we introduce the use of quantile regression and spatial filtering to reanalyze this data, addressing issues of heteroskedasticity and spatial autocorrelation. We note that preliminary analysis using these methods provides some initial evidence for an EKC. However, a series of panel analyses with country-specific dummy variables eliminated or even reversed much of this support. A closer examination of conservation practices and environmental indicators within the countries, particularly those countries that drove our initial support, suggests that wealth is not a reliable indicator of improved conservation practice. Our findings indicate that an EKC for biodiversity is overly simplistic and further exploration is required to fully understand the mechanisms by which income affects biodiversity. (author)

Economic prosperity, biodiversity conservation, and the environmental Kuznets curve

Energy Technology Data Exchange (ETDEWEB)

Mills, Julianne H.; Waite, Thomas A. [Department of Evolution, Ecology and Organismal Biology, Ohio State University, 300 Aronoff Laboratory, 318 W. 12th Ave., Columbus, OH, 43210 (United States)

2009-05-15

Many conservationists contend that economic growth and biodiversity conservation are incompatible goals. Some economists contest this viewpoint, arguing that wealthier countries have the luxury of investing more heavily in efforts to conserve biodiversity. Under this assumption, we expect a U-shaped relationship between per capita wealth and proportion of species conserved. We test this environmental Kuznets curve (EKC) using estimates of per capita income and deforestation rates (index of biodiversity threat) for 35 tropical countries. A prior analysis [Dietz, S., Adger, W.N., 2003. Economic growth, biodiversity loss and conservation effort. Journal of Environmental Management, 68:23-35] using conventional regression techniques failed to provide any support for the parabolic relationship predicted by the EKC hypothesis. Here, we introduce the use of quantile regression and spatial filtering to reanalyze this data, addressing issues of heteroskedasticity and spatial autocorrelation. We note that preliminary analysis using these methods provides some initial evidence for an EKC. However, a series of panel analyses with country-specific dummy variables eliminated or even reversed much of this support. A closer examination of conservation practices and environmental indicators within the countries, particularly those countries that drove our initial support, suggests that wealth is not a reliable indicator of improved conservation practice. Our findings indicate that an EKC for biodiversity is overly simplistic and further exploration is required to fully understand the mechanisms by which income affects biodiversity. (author)

Agglomeration Economies, Economic Growth and the New Economic Geography in Mexico

OpenAIRE

Alejandro Diaz-Bautista

2005-01-01

The present study of regional economic growth in Mexico is based on the new economic geography, where distance plays an important role in explaining urban regional economic growth. The results show that distance to the northern border of Mexico and labor migration between states of Mexico, after the passage of NAFTA are important factors that explain the regional state growth and agglomerations in Mexico between 1994 and 2000. The results also indicate that job growth and FDI are not signific...

The effects of financial development, economic growth, coal consumption and trade openness on CO2 emissions in South Africa

International Nuclear Information System (INIS)

Shahbaz, Muhammad; Kumar Tiwari, Aviral; Nasir, Muhammad

2013-01-01

This paper explores the effects of financial development, economic growth, coal consumption and trade openness on environmental performance using time series data over the period 1965–2008 in case of South Africa. The ARDL bounds testing approach to cointegration has been used to test the long run relationship among the variables while short run dynamics have been investigated by applying error correction method (ECM). The unit root properties of the variables are examined by applying Saikkonen and Lütkepohl (2002. Econometric Theory 18, 313–348) structural break unit root test. Our findings confirmed long run relationship among the variables. Results showed that a rise in economic growth increases energy emissions, while financial development reduces it. Coal consumption has significant contribution to deteriorate environment in South African economy. Trade openness improves environmental quality by reducing the growth of energy pollutants. Our empirical results also verified the existence of environmental Kuznets curve. This paper opens up new insights for South African economy to sustain economic growth by controlling environment from degrdation through efficient use of energy. - Highlights: • We found that a rise in economic growth increases energy emissions. • We found that financial development lowers energy emissions. • We found that coal consumption significantly deteriorate environment. • We found that trade openness improves environmental quality. • Existence of EKC is also found

GREEN INVESTMENT: A STRATEGY FOR SUSTAINABLE ECONOMIC GROWTH AND INVESTMENT

Directory of Open Access Journals (Sweden)

Jaya Shukla

2014-01-01

Full Text Available Sustainable economic development has become an important area of concern due to climatic change with its long term effects. Climatic change has posed several challenges for economic sustainability of economies. Now major development projects have to comply with international environmental norms. Failure to do so may result in the delay of a project, fines including penalties for environmental damage or charges for remedial action, that affect the viability of a project or the value of any security taken. This paper investigates with help of secondary date using descriptive statistical technique opportunities and challenges of green investment. Here it is developed into suitable model for developing economies for successfully adopting green investment without much cost to their economies. The paper concludes that green investment involving direct investment and portfolio investment in firms adopting and following environmental protection norms will lead to sustainable growth and investment for economy.

Factor-structure of economic growth in E-commerce

Institute of Scientific and Technical Information of China (English)

吴隽; 刘洪久; 栾天行

2003-01-01

In order to analyze the factors having effect on economic growth of E-commerce, the economic growthprocess of E-commerce is divided into three stages; growth stage, stabilization stage and re-growth stage. Thesethree different stages are analysed using several economic growth theories, a set of factor-structure is proposedfor each stage of the economic growth process of E-commerce.

Is economic growth good or bad for the environment? Empirical evidence from Korea

International Nuclear Information System (INIS)

Baek, Jungho; Kim, Hyun Seok

2013-01-01

The effects of economic growth on the environment in Korea, for a given level of energy consumption, and fossil fuels and nuclear energy in electricity production, are examined in a dynamic cointegration framework. To that end, the autoregressive distributed lag (ARDL) approach is used. We find empirical evidence supporting the existence of the environmental Kuznets curve (EKC) hypothesis for Korea; that is, economic growth indeed plays a favorable role in influencing environmental outcomes. It is also found that, in both the short- and long-run, nuclear energy has a beneficial effect on environmental quality, whereas fossil fuels in electricity production and energy consumption have a detrimental effect on the environment. - Highlights: ► We examine the validity of the environmental Kuznets curve hypothesis for Korea. ► The model includes the roles of energy consumption and electricity production. ► We find the existence of the EKC hypothesis for Korea. ► Nuclear energy is found to have a beneficial effect on the environment. ► Fossil fuels and energy consumption have a detrimental effect on the environment

Relationship Between Education Expenditure And Economic Growth ...

African Journals Online (AJOL)

The empirical part of the result shows that there is unidirectional relationship between education and economic growth with causality running from education expenditure to economic growth. The result therefore suggests that policy makers should boost expenditure on education as it will further improve economic growth in ...

Burkina Faso - Promoting Growth, Competitiveness and Diversification : Country Economic Memorandum, Volume 2. Sources of Growth - Key Sectors for Tomorrow

OpenAIRE

World Bank

2010-01-01

The main conclusion of Country Economic Memorandum is that the previous model of extensive growth has now exhausted its potential and must be renewed. Given the existing population dynamics, low environmental tolerance due to its Sahelian climate and competition forces imposed due to its open economy, Burkina Faso is heavily investing in growth based on increased productivity to overcome i...

Natural gas facing the new energy disorders: opportunities and constraints of a waited economic growth

International Nuclear Information System (INIS)

Valais, M.

1991-01-01

This paper studies natural gas industry facing the new disorders on energy markets. Energy world-wide demand growth is the strong point of natural gas development. Natural gas supply is based on abundant resources, well geographically distributed, but more expensive. This paper describes international trade growth and economic constraints, the impact of economic growth reduction, Gulf crisis and USSR or East Europe disorders on natural gas market. In the last part, the influence of environmental policy, regulations and ecological anxiety are briefly approached. 1 fig., 3 tabs

CORRELATION BETWEEN ECONOMIC GROWTH AND UNEMPLOYMENT

Directory of Open Access Journals (Sweden)

Savu Mihaela

2013-06-01

Full Text Available The mankind progress is built on economic growth.Yet, the high rates of economic growth must be properly used and correlated with other macroeconomic indicators in order to get the aimed effects.At the Romanian economic level, there is an inverse ratio connection between the gross domestic product and the unemployed number, a connection of low intensity.The correlation of these two indicators was established using parametric and nonparametric methods of analyzing the statistic connection using the informatic soft. Setting the recession function allows us to calculate the unemployed number depending on the forecasting of the economic growth in Romania.

REMITTANCES AND ECONOMIC GROWTH IN TURKEY

Directory of Open Access Journals (Sweden)

Huseyin KARAMELIKLI

2015-07-01

Full Text Available Savings are one of the important determinants beyond the theories of economic growth. Therefore remittances and foreign direct investment inflows have importance for the countries having insufficient savings. This study examines the relationship between economic growth, remittances, foreign direct investment inflows and gross domestic savings in Turkey during the period 1974-2013 by using Autoregressive Distributed Lag approach. We found that remittances, foreign direct investment and gross domestic savings had positive impact on economic growth.

Asia energy mixes from socio-economic and environmental perspectives

International Nuclear Information System (INIS)

Thavasi, V.; Ramakrishna, S.

2009-01-01

Sustainable clean energy is the top social, economic, and environmental agenda of political leaders, policy makers, enlightened business executives, and civil society in Asia. Strong economic growth in Asia has caused a great demand for energy which has resulted in an enormous increase in CO 2 emissions. The association of Southeast Asian nations (ASEAN), India, China, South Korea and Japan are the most important regions in Asia as their economies have been growing steadily. These countries though heavily dependent on fossil fuels have stepped up their measures towards low-carbon society amid domestic affordability challenges and changing global mindset. This report highlights the current energy scenario in these countries and their effort towards an affordable and sustainable clean energy future. The energy policy to enhance energy security and improve environmental sustainability is also explicated in this article. (author)

Rethinking Economics and Education: Exponential Growth and Post-Growth Strategies

Science.gov (United States)

Irwin, Ruth

2017-01-01

Education is increasingly vocational and structured to serve the ongoing exponential increase in economic growth. Climate change is an outcome of these same economic values and praxes. Attempts to shift these values and our approach to technology are continually absorbed and overcome by the pressing motif of economic growth. In this article, Ruth…

Structural modelling of economic growth: Technological changes

Directory of Open Access Journals (Sweden)

Sukharev Oleg

2016-01-01

Full Text Available Neoclassical and Keynesian theories of economic growth assume the use of Cobb-Douglas modified functions and other aggregate econometric approaches to growth dynamics modelling. In that case explanations of economic growth are based on the logic of the used mathematical ratios often including the ideas about aggregated values change and factors change a priori. The idea of assessment of factor productivity is the fundamental one among modern theories of economic growth. Nevertheless, structural parameters of economic system, institutions and technological changes are practically not considered within known approaches, though the latter is reflected in the changing parameters of production function. At the same time, on the one hand, the ratio of structural elements determines the future value of the total productivity of the factors and, on the other hand, strongly influences the rate of economic growth and its mode of innovative dynamics. To put structural parameters of economic system into growth models with the possibility of assessment of such modes under conditions of interaction of new and old combinations is an essential step in the development of the theory of economic growth/development. It allows forming stimulation policy of economic growth proceeding from the structural ratios and relations recognized for this economic system. It is most convenient in such models to use logistic functions demonstrating the resource change for old and new combination within the economic system. The result of economy development depends on starting conditions, and on institutional parameters of velocity change of resource borrowing in favour of a new combination and creation of its own resource. Model registration of the resource is carried out through the idea of investments into new and old combinations.

Is Urban Economic Growth Inclusive in India?

OpenAIRE

Tripathi, Sabyasachi

2013-01-01

This paper measures the overall inclusive growth of a city by considering changing trends in the key economic variables based on ‘Borda ranking’ and establishes a relationship between city economic growth and overall city inclusive growth. By using data of 52 large cities in India, this paper finds that higher urban economic growth is associated with an increase in urban inequality, a reduction in urban poverty, and a lower level of overall inclusive growth of a city.

Do Oil-Producing Countries Have Normal Oil Overconsumption? An Investigation of Economic Growth and Energy Subsidies

Directory of Open Access Journals (Sweden)

Seyed Reza Mirnezami

2015-07-01

Full Text Available The data shows that oil-producing countries have low oil retail prices and low economic growth compared with other countries. Considering that oil-producing countries experience high oil consumption and low economic growth, it is possible to argue that economic growth is not an appropriate justification for oil consumption and that the main cause for high oil consumption is the low retail price. In addition, it should be noted that the global environmental movement against increasing greenhouse gas emissions—for example, the Kyoto 1998 agreement—seems to have had no effect on oil consumption in oil-producing countries.

Corruption and economic growth with non constant labor force growth

Science.gov (United States)

Brianzoni, Serena; Campisi, Giovanni; Russo, Alberto

2018-05-01

Based on Brianzoni et al. [1] in the present work we propose an economic model regarding the relationship between corruption in public procurement and economic growth. We extend the benchmark model by introducing endogenous labor force growth, described by the logistic equation. The results of previous studies, as Del Monte and Papagni [2] and Mauro [3], show that countries are stuck in one of the two equilibria (high corruption and low economic growth or low corruption and high economic growth). Brianzoni et al. [1] prove the existence of a further steady state characterized by intermediate levels of capital per capita and corruption. Our aim is to investigate the effects of the endogenous growth around such equilibrium. Moreover, due to the high number of parameters of the model, specific attention is given to the numerical simulations which highlight new policy measures that can be adopted by the government to fight corruption.

Coal consumption and economic growth in Taiwan

International Nuclear Information System (INIS)

Yang, H.Y.

2000-01-01

The purpose of this paper is to examine the causality issue between coal consumption and economic growth for Taiwan. The co-integration and Granger's causality test are applied to investigate the relationship between the two economic series. Results of the co-integration and Granger's causality test based on 1954--1997 Taiwan data show a unidirectional causality from economic growth to coal consumption with no feedback effects. Their major finding supports the neutrality hypothesis of coal consumption with respect to economic growth. Further, the finding has practical policy implications for decision makers in the area of macroeconomic planning, as coal conservation is a feasible policy with no damaging repercussions on economic growth

CRESCIMENTO ECONÔMICO E SUSTENTABILIDADE / Economic Growth and Sustainability

Directory of Open Access Journals (Sweden)

Gilberto Montibeller-Filho

2007-06-01

Full Text Available The subject “economic growth and sustainability” refers to the relationship between economicgrowth and its positive impact on the wellbeing of the population and on the environment. It is,therefore, about economic, as well as social and environmental, sustainability, i.e. the root ofthe sustainable development paradigm. A historical review is needed for understanding theroots of the emergence of this new socio-political and scientific paradigm. It starts from themoment when the economy was mainly viewed as an evil against the environment, to the pointwhen the new sustainable development, or eco-development, is developed. Then the paperpresents the present, and most important, ways that several public and private actions attemptto develop their economic activities guided by this paradigm, emphasising the Brazilian context.

GROWTH ECONOMICS AND DEVELOPMENT ECONOMICS: WHAT SHOULD DEVELOPMENT ECONOMISTS LEARN (IF ANYTHING) FROM THE NEW GROWTH THEORY?

OpenAIRE

Ruttan, Vernon W.

1998-01-01

Since their emergence as a distinct fields of inquiry in the early post World War II period there has been an uneasy relationship between growth economics and development economics. The emergence of a richer new growth economics' has opened up the possibilities of a more fruitful dialogue between the two subdisciplines. In spite of recent advances, particularly with respect to the human capital, and understanding of differences in growth rates and income levels across countries remains elusiv...

REFERENCE MODELS OF ENDOGENOUS ECONOMIC GROWTH

OpenAIRE

GEAMĂNU MARINELA

2012-01-01

The new endogenous growth theories are a very important research area for shaping the most effective policies and long term sustainable development strategies. Endogenous growth theory has emerged as a reaction to the imperfections of neoclassical theory, by the fact that the economic growth is the endogenous product of an economical system.

The economic growth of oil countries

International Nuclear Information System (INIS)

Arbod, G.

2007-02-01

The literature tries to apprehend the weakness of the economic growth of oil culminates by the assumption of ousted growth factors. In the Dutch Disease models the non-oil exporting sector would be ousted whereas in the analyses in terms of economic policies it would be the efficient economic policies. We consider the phenomenon through the growth theories, the oil income being regarded as an additional exogenous income for the economy. In this manner the growth dynamic of oil countries, even the most unfavourable, can be modelled without utilizing any concept of economic inefficiency. The last part of our work is devoted to the Saudi economy. After having developed a macro-econometric model, and using scenarios of oil prices, we lead a forecasted analysis of this economy. (author)

Addressing global health, economic, and environmental problems through family planning.

Science.gov (United States)

Speidel, J Joseph; Grossman, Richard A

2011-06-01

Although obstetrician-gynecologists recognize the importance of managing fertility for the reproductive health of individuals, many are not aware of the vital effect they can have on some of the world's most pressing issues. Unintended pregnancy is a key contributor to the rapid population growth that in turn impairs social welfare, hinders economic progress, and exacerbates environmental degradation. An estimated 215 million women in developing countries wish to limit their fertility but do not have access to effective contraception. In the United States, half of all pregnancies are unplanned. Voluntary prevention of unplanned pregnancies is a cost-effective, humane way to limit population growth, slow environmental degradation, and yield other health and welfare benefits. Family planning should be a top priority for our specialty.

The impact of electricity supply on economic growth in Sri Lanka

International Nuclear Information System (INIS)

Morimoto, R.; Hope, C.

2006-01-01

World net electricity consumption is expected to double over the next two decades. With increasing demand, electricity shortages will be prevalent, particularly in developing countries. An adequate and regular power supply would support economic growth in developing countries. Previous studies have demonstrated a strong correlation between electricity use and economic development. Studies have shown that there is a bi-directional causal relationship between gross domestic product and electricity consumption in Taiwan for the period 1954 to 1997. In order to examine the impact of electricity supply on economic growth in Sri Lanka, this paper presented the results of a study that applied Yang's model, using a simple regression analysis. The paper presented the methodology and estimation results. The study incorporated a cost benefit analysis model which assessed the economic, social and environmental impacts of dam projects in Sri Lanka. It was concluded that the application of Yang's regression analysis is one possible approach to estimate a better range for the expected increase in economic output parameter. 14 refs., 1 tab., 3 figs

Effects of Credit on Economic Growth, Unemployment and Poverty

Directory of Open Access Journals (Sweden)

Mangasa Augustinus Sipahutar

2016-06-01

              Effect of credit on economic growth, unemployment and poverty provides evidence from Indonesia on the role of banks credit for promoting economic growth and reducing both unemployment and poverty.  To document the link between banks credit and economic growth, we estimate a VAR model and variance decompositions of annual GDP per capita growth rates to examine what proxy measures of banks credit are most important in accounting for economic growth over time and how much they contribute to explaining economic growth.  We also estimate an ECM to document the relationship between banks credit to both unemployment and poverty.  This paper revealed bi-direction causality between banks credit and economic growth.  Banks credit promotes economic growth and economic growth affects credit depth and financial development.  Furthermore, banks credit is a growth accelerating factor on Indonesian economic growth.  Banks credit is an endogenous growth and a good predictor on Indonesian economy. Our estimation model explained that credit allocated by banks increases business escalation to the real sectors then promotes economic growth, decreases unemployment rate through increasing in labor demanded, increases income and then decrease poverty.  This overall transmission mechanism just occurred through presence of banks credit by increasing money supply to the real sectors, promotes growth and social welfare.   Keywords :  banks credit, economic growth, growth accelerating factor, poverty, unemployment   JEL Classification : E51, E52, E58

Water security, risk and economic growth: lessons from a dynamical systems model

Science.gov (United States)

Dadson, Simon; Hall, Jim; Garrick, Dustin; Sadoff, Claudia; Grey, David; Whittington, Dale

2016-04-01

Investments in the physical infrastructure, human capital, and institutions needed for water resources management have been a noteworthy feature in the development of most civilisations. These investments affect the economy in two distinct ways: (i) by improving the factor productivity of water in multiple sectors of the economy, especially those that are water intensive such as agriculture and energy; and (ii) by reducing the acute and chronic harmful effects of water-related hazards like floods, droughts, and water-related diseases. The need for capital investment to mitigate these risks in order to promote economic growth is widely acknowledged, but prior work to conceptualise the relationship between water-related risks and economic growth has focused on the productive and harmful roles of water in the economy independently. Here the two influences are combined using a simple, dynamical model of water-related investment, risk, and growth at the national level. The model suggests the existence of a context-specific threshold above which growth proceeds along an 'S'-curve. In many cases there is a requirement for initial investment in water-related assets to enable growth. Below the threshold it is possible for a poverty trap to arise. The presence and location of the poverty trap is context-specific and depends on the relative exposure of productive water-related assets to risk, compared with risks faced by assets in the wider economy. Exogenous changes in the level of water-related risk (through, for example, climate and land cover change) can potentially push an economy away from a growth path towards a poverty trap. These results illustrate the value of accounting for environmental risk in models of economic growth and may offer guidance in the design of robust policies for investment in water-related productive assets to manage risk, particularly in the face of global and regional environmental change.

Does FDI influence economic growth in Albania?

Directory of Open Access Journals (Sweden)

Aurel Koroci

2018-03-01

Full Text Available Foreign direct investment (FDI has been viewed as a power affecting economic growth (EG directly and indirectly during the past few decades. Foreign direct investment (FDI in developing countries brings economic development and enhances the international competitiveness of domestic enterprises. It is argued in the existing literature that foreign direct investment (FDI influences economic growth through technology diffusion, human capital formation, etc. FDI accounts for the largest and most important proportion of foreign capital in Albania, which undoubtedly plays an important role in the Albania’s economic development growth. However, as the country’s FDI increases, and in this paper I want to make an empirical research how the FDI has influenced the economic growth of the country. The findings revealed that there is a strong positive relationship between the FDI inflows and the GDP for the studied period which covers 1995 to 2012, thus a positive effect on the economic growth.

Economic growth and gender equality | IDRC - International ...

International Development Research Centre (IDRC) Digital Library (Canada)

And conversely, does gender equality impact economic growth? ... change and growth in the economy on women's employment opportunities and the type ... sectors and their overall effect on development outcomes, such as economic growth ...

THE SIMON KUZNETS'S INFLUENCE ON THE DEVELOPMENT OF ECONOMETRICS AND ENVIRONMENTAL ECONOMICS

Directory of Open Access Journals (Sweden)

O. Chernyak

2014-06-01

Full Text Available S. Kuznets's empirical and theoretical researches of the economical growth and economical development, made in 1940 – 1960th, became a main source for upgrading the econometrical models of those processes. The ideas of S. Kuznets gave a beginning for two outstanding directions of the applied literature. The first one deals with the Kuznets's cycles, that have approximately 20 years length period. The second direction appeared after the Kuznets's hypothesis about the unequal allocation of income in a process of economical growth. Kuznets made an assumption, that this inequality growth first and then rolls off. This dependence was named "Kuznets curve". An appearance of new works is caused by creation of new econometrical methods and models (panel data, nonstationarity and by putting forward new theoretical explanations of the phenomenon. Similarly to the original Kuznets curve in the early 1990th "Environmental Kuznets curve" was suggested. After appearance of that concept plenty of econometrical researches were done. On our opinion, the Kuznets's scientific heritage includes great unsolved potential. The usage of this potential will promote a further progress of economical theory.

Economic openness and economic growth: A cointegration analysis for ASEAN-5 countries

Directory of Open Access Journals (Sweden)

Klimis Vogiatzoglou

2016-11-01

Full Text Available The paper considers three channels of economic openness, namely FDI, imports, and exports, and examines their short-run and long-run effects on the economic growth in the five founding member countries of the Association of Southeast Asian Nations (ASEAN over the period from 1980 to 2014. Besides the impact on the economic growth, the authors analyze all possible causal interrelationships to discern patterns and directions of causality among FDI, imports, exports, and GDP. The quantitative analysis, which is based on the vector error correction co-integration framework, is conducted separately for each country in order to assess their individual experiences and allow for a comparative view. Although the precise details differ across countries, the findings indicate that there is a long-run equilibrium relationship between economic openness and GDP in all ASEAN-5 economies. FDI, imports and exports have a significantly positive short-run and long-run impact on the economic growth. Our results also show that export-led growth is the most important economic growth factor in most countries, followed by FDI-led growth. Another crucial finding is the bi-directional causality between exports and FDI across the ASEAN-5 countries. This indicates the presence of direct and indirect effects on GDP and a self-reinforcing process of causality between those two variables, which strengthens their impact on the economic growth.

Greenhouse gas emissions, energy consumption and economic growth: A panel cointegration analysis from Canadian industrial sector perspective

International Nuclear Information System (INIS)

Hamit-Haggar, Mahamat

2012-01-01

This paper investigates the long-run and the causal relationship between greenhouse gas emissions, energy consumption and economic growth for Canadian industrial sectors over the period 1990–2007. The empirical findings suggest that in the long-run equilibrium, energy consumption has a positive and statistically significant impact on greenhouse gas emissions whereas a non-linear relationship is found between greenhouse gas emissions and economic growth, consistent with the environmental Kuznets curve. The short-run dynamics conveys that there is a unidirectional Granger causality running from energy consumption to greenhouse gas emissions; from economic growth to greenhouse gas emissions and a weak unidirectional causality running from greenhouse gas emissions to energy consumption; from economic growth to energy consumption. In the long-run however, there seems to be a weak one way causality flowing from energy consumption and economic growth to greenhouse gas emissions. - Highlights: ► A long-run and a causal relationship between greenhouse gas emissions, energy consumption and economic growth is investigated. ► Energy consumption has a positive impact on greenhouse gas emissions in the long run. ► Unidirectional causality runs from energy consumption and economic growth to greenhouse gas emissions. ► A weak unidirectional causality runs from greenhouse gas emissions and economic growth to energy consumption.

Walter Isard's Contributions to Environmental Economics and Ecological Economics

NARCIS (Netherlands)

Rose, Adam; Folmer, Henk; Nijkamp, Peter

This article summarizes Walter Isard's important contributions to environmental economics and ecological economics. The former is the traditional field that incorporates some limited aspects of the environment into neoclassical economic theory, while the latter is a more comprehensive integration of

CO2 emissions, energy consumption and economic growth nexus in MENA countries: Evidence from simultaneous equations models

International Nuclear Information System (INIS)

Omri, Anis

2013-01-01

This paper examines the nexus between CO 2 emissions, energy consumption and economic growth using simultaneous-equations models with panel data of 14 MENA countries over the period 1990–2011. Our empirical results show that there exists a bidirectional causal relationship between energy consumption and economic growth. However, the results support the occurrence of unidirectional causality from energy consumption to CO 2 emissions without any feedback effects, and there exists a bidirectional causal relationship between economic growth and CO 2 emissions for the region as a whole. The study suggests that environmental and energy policies should recognize the differences in the nexus between energy consumption and economic growth in order to maintain sustainable economic growth in the MENA region. - Graphical abstract: Interaction between CO 2 , energy and GDP for MENA countries. - Highlights: • We investigate the energy–environment–GDP nexus for 14 MENA countries. • We have used simultaneous equations models estimated by the GMM-estimator. • Results show bi-directional causal relationship between energy consumption and economic growth. • There is uni-directional causality from energy consumption to CO 2 . • There exists bi-directional causal relationship between economic growth and pollutant emissions

On the relationship between economic freedom and economic growth

NARCIS (Netherlands)

Haan, Jakob de; Sturm, Jan-Egbert

1999-01-01

Often it is maintained that economic freedom may further high levels of economic growth. This paper compares various indicators for economic freedom. It is concluded that although these measures differ somewhat in their coverage, they show similar rankings for the countries covered. Some elements in

Decoupling Transport from Economic Growth. Towards Transport Sustainability in Europe

International Nuclear Information System (INIS)

Tight, M.R.; Site, P. Delle; Meyer-Ruehle, O.

2004-01-01

This paper reports on a research project that aimed to identify and assess measures which could be used to reduce travel demand while maintaining economic growth and enhancing environmental quality. The research methodology involved a detailed review of past research; contact with over 600 experts from around Europe and elsewhere for ideas on potential measures; detailed questionnaires from over 100 of these experts; and a series of three panel sessions held in different parts of Europe, each of which involved around 16 experts debating the merits of different measures and identifying case study evidence of their effectiveness. The end result was a short list of 13 measures, indicative of broad types, which are considered to be effective, and an indication of their effectiveness if applied across the European Union. Seven illustrative measures are discussed which stand out from the results as having proven potential (though not necessarily at a European scale) to influence transport intensity and/or unit environmental load whilst not having large detrimental effects on GDP. These are the areas where it is felt that European transport policy could most usefully be focussed in terms of decoupling of transport demand and economic growth

ECONOMIC GROWTH - AN ILLUSION? STUDY CASE:ROMANIA

Directory of Open Access Journals (Sweden)

Camelia MORARU

2013-12-01

Full Text Available Literature has devoted considerable attention to economic growth because it creates the premises for achieving major goals such as route out of poverty of underdeveloped countries or contribute to raising the standard of living in developed countries. Economic growth has become an “order of the day” term, propagated by various "players" of economic and social life, in this way gaining various interpretations and meanings. This paper presents the results of the measures adopatate in order to recover Romanian economic situation. The austerity measures adopted until recently not allowed, however, to create a favorable environment for growth, taking into consideration that it is almost impossible for an economy to grow when conditions are limiting. Fiscal policies have focused on reducing the budget deficit, which led on slaughtering economic growth. Given the uncertain economic context, FDI was hardly drew into our country, their value last year has been insignificant. We can even say that the previous ended year was one economically, because our country did not recognize the road to the economic recovery.

Obesity, chronic disease, and economic growth: a case for "big picture" prevention.

Science.gov (United States)

Egger, Garry

2011-01-01

The discovery of a form of chronic, low-grade systemic inflammation ("metaflammation") linked with obesity, but also associated with several lifestyle-related behaviours not necessarily causing obesity, suggests a re-consideration of obesity as a direct cause of chronic disease and a search for the main drivers-or cause of causes. Factors contributing to this are considered here within an environmental context, leading to the conclusion that humans have an immune reaction to aspects of the modern techno-industrial environment, to which they have not fully adapted. It is suggested that economic growth-beyond a point-leads to increases in chronic diseases and climate change and that obesity is a signal of these problems. This is supported by data from Sweden over 200 years, as well as "natural" experiments in disrupted economies like Cuba and Nauru, which have shown a positive health effect with economic downturns. The effect is reflected both in human health and environmental problems such as climate change, thus pointing to the need for greater cross-disciplinary communication and a concept shift in thinking on prevention if economic growth is to continue to benefit human health and well-being.

Electricity consumption and economic growth: evidence from Korea

International Nuclear Information System (INIS)

Yoo, Seung-Hoon

2005-01-01

This paper investigates the short- and long-run causality issues between electricity consumption and economic growth in Korea by using the co-integration and error-correction models. It employs annual data covering the period 1970-2002. The overall results show that there exists bi-directional causality between electricity consumption and economic growth. This means that an increase in electricity consumption directly affects economic growth and that economic growth also stimulates further electricity consumption

The role of energy in economic growth.

Science.gov (United States)

Stern, David I

2011-02-01

This paper reviews the mainstream, resource economics, and ecological economics models of growth. A possible synthesis of energy-based and mainstream models is presented. This shows that when energy is scarce it imposes a strong constraint on the growth of the economy; however, when energy is abundant, its effect on economic growth is much reduced. The industrial revolution released the constraints on economic growth by the development of new methods of using coal and the discovery of new fossil fuel resources. Time-series analysis shows that energy and GDP cointegrate, and energy use Granger causes GDP when capital and other production inputs are included in the vector autoregression model. However, various mechanisms can weaken the links between energy and growth. Energy used per unit of economic output has declined in developed and some developing countries, owing to both technological change and a shift from poorer quality fuels, such as coal, to the use of higher quality fuels, especially electricity. Substitution of other inputs for energy and sectoral shifts in economic activity play smaller roles. © 2011 New York Academy of Sciences.

Increased growth in environmental technology; Oekad tillvaext inom miljoeteknik

Energy Technology Data Exchange (ETDEWEB)

2011-07-01

The Swedish Energy Agency has received a government commission, after consultation with the Swedish Agency for Economic and Regional Growth, Swedish Governmental Agency for Innovation Systems (VINNOVA) and other relevant actors. The commission is to develop proposals on how the actions for strengthening collaboration and increased communication between agencies, innovators, entrepreneurs and business angels and venture capitalists among others can be designed in environmental technology with a focus on early commercial stages. The largest part of the environmental technology sector consists of energy related technology

Energy Consumption and Economic Growth in Algeria: Cointegration and Causality Analysis

Directory of Open Access Journals (Sweden)

Cherfi Souhila

2012-01-01

Full Text Available This study investigates the energy consumption-growth nexus in Algeria. The causal relationship between the logarithm of per capita energy consumption (LPCEC and the logarithm of per capita GDP (LPCGDP during the 1965-2008 period is examined using the threshold cointegration and Granger causality tests. The estimation results indicate that the LPCEC and LPCGDP for Algeria are non cointegrated and that there is a uni-directional causality running from LPCGDP to LPCEC, but not vice versa. The research results strongly support the neoclassical perspective that energy consumption is not a limiting factor to economic growth in Algeria. Accordingly, an important policy implication resulting from this analysis is that government can pursue the conservation energy policies that aim at curtailing energy use for environmental friendly development purposes without creating severe effects on economic growth. The energy should be efficiently allocated into more productive sectors of the economy.

CO2 Emissions, Energy Consumption, Economic Growth and FDI in Vietnam

Directory of Open Access Journals (Sweden)

Dinh Hong Linh

2014-09-01

Full Text Available This study examines the dynamic relationships between CO2 emissions, energy consumption, FDI and economic growth for Vietnam IN the period from 1980 to 2010 based on Environmental Kuznets Curve (EKC approach, cointegration, and Granger causality tests. The empirical results do not support the EKC theory in Vietnam. However, the cointegration and Granger causality test results indicate a dynamic relationship among CO2 emissions, energy consumption, FDI and economic growth. The short run bidirectional relationship between Vietnam’s income and FDI inflows implies that the increase in Vietnam’s income will attract more capital from overseas. Inversely, FDI inflow is also driver of national income growth. The existence of bidirectional relationships in the long-run provides important policy implications. We recommend implementing a dual strategy of increasing investment in energy infrastructure and promulgating energy conservation policies to increase energy efficiency and reduce wastage of energy.

Retail payments and economic growth

OpenAIRE

Hasan, Iftekhar; De Renzis, Tania; Schmiedel , Heiko

2012-01-01

This paper examines the fundamental relationship between retail payments and overall economic growth. Using data from across 27 European markets over the period 1995–2009, the results confirm that migration to efficient electronic retail payments stimulates overall economic growth, consumption and trade. Among different payment instruments, this relationship is strongest for card payments, followed by credit transfers and direct debits. Cheque payments are found to have a relatively low macro...

Environmental economics and the Baltic region

International Nuclear Information System (INIS)

Birk Mortensen, J.

1994-03-01

This volume originates from a workshop on Economics of the Environment held at the Institute of Economics, Copenhagen University, November 14-15, 1990 with participants from Lithuania, Estonia, Poland, Finland, Sweden and Denmark. The volume contains the papers presented at the workshop. In all the countries around the Baltic Sea there has been an increasing understainding of the importance of using the economic incentive approach to reach environmental goals. By changing the incentives an individual producer or consumer faces, the best private choice can be made to coincide with the best social choice. All the countries around the Baltic Sea have used direct regulation or command and control in environment regulation. Growing concern about environmental degradation, dissatisfaction with the command and control approach and the need to extend environmental regulation to sectors with a large number of small producers or consumers have increased attention to economic instruments in environmental policy. The Baltic sea is an almost coherent ecological system and there is a growing interest in addressing common environmental problems among the countries around the Baltic Sea. The recent political development offer new possibilites for cooperation in environmental policy. This is important because many environmental problems in the region require solutions involving several countries. (EG)

Political regime change, economic liberalization and growth accelerations

NARCIS (Netherlands)

Jong-A-Pin, Richard; De Haan, Jakob

We examine whether the type of political regime, regime changes, and economic liberalization are related to economic growth accelerations. Our results show that growth accelerations are preceded by economic liberalizations. We also find that growth accelerations are less likely to happen the longer

Economic Recovery: Sustaining U.S. Economic Growth in a Post-Crisis Economy

Science.gov (United States)

2010-07-22

Mankiw , Principles of Economics (Ft. Worth, Dryden Press, 1998), p556, and Robert J. Barro, “Are Government Bonds Net Wealth?” Journal of Political...CRS Report for Congress Prepared for Members and Committees of Congress Economic Recovery: Sustaining U.S. Economic Growth in a Post...2. REPORT TYPE 3. DATES COVERED 00-00-2010 to 00-00-2010 4. TITLE AND SUBTITLE Economic Recovery: Sustaining U.S. Economic Growth in a Post

Economic Growth as a Factor of Political Stability

Directory of Open Access Journals (Sweden)

Анна Олеговна Ярославцева

2015-12-01

Full Text Available The article analyzes actual problems of the impact of economic growth on the political stability of different state. The author shows that despite the undoubted correlation of the level of economic development and political stability, economic growth by itself is not a panacea for destabilization risks because of the effects of inflated expectations and transformations of social consciousness. The author argues that the impact of economic growth on political stability is largely ambivalent. On the basis of “Tocqueville's law” and the range of theories of “relative deprivation”, the author makes a conclusion about the principal limitations of predictive and interpretive capabilities of economic indicators (primarily economic growth for the analysis of political stability.

THE CONNECTION BETWEEN ECONOMIC GROWTH AND STOCK MARKETS

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Andreea Maria PECE

2015-04-01

Full Text Available This paper examines the connection between economic growth and stock market performance in the case of an emerging economy, namely Romania, by using quarterly financial data, during the period 2000-2013. This topic is widely studied in the financial literature and seeks to provide an answer for the following questions: does economic growth influences the capital market, does capital market influences economic growth, or there is no connection between these variables. I have analyzed the long term relationship between economic growth and stock market for Romania, by applying Johansen cointegration test, Granger causality and Gregory Hansen cointegration test, which allows the presence of the structural breaks in the time series. The empirical results obtained highlighted that portfolio investments have a positive impact on economic growth and the GDP growth engages in turn, a long term positive capital markets return. The main conclusion of this study is that in the case of Romanian economy, is a bi-directional link between the economic growth and the capital market performance.

Road infrastructure, spatial spillover and county economic growth

Science.gov (United States)

Hu, Zhenhua; Luo, Shuang

2017-09-01

This paper analyzes the spatial spillover effect of road infrastructure on the economic growth of poverty-stricken counties, based on the spatial Durbin model, by using the panel data of 37 poor counties in Hunan province from 2006 to 2015. The results showed that there is a significant spatial dependence of economic growth in Poor Counties. Road infrastructure has a positive impact on economic growth, and the results will be overestimated without considering spatial factors. Considering the spatial factors, the road infrastructure will promote the economic growth of the surrounding areas through the spillover effect, but the spillover effect is restricted by the distance factor. Capital investment is the biggest factor of economic growth in poor counties, followed by urbanization, labor force and regional openness.

What Drives Economic Growth in Some CEE Countries?

Directory of Open Access Journals (Sweden)

Simionescu Mihaela

2018-03-01

Full Text Available Considering the potential factors that might generate economic growth, a target for any economy, this paper identified some determinants of economic growth in the countries from Central and Eastern Europe (CEE countries that are member states of the European Union. The foreign direct investment was the most important determinant of economic growth in most of the countries (Bulgaria, Slovenia, Estonia, Hungary, Romania, Poland, Latvia, Lithuania in the period 2003-2016, according to Bayesian bridge regressions. The indicators related to the level and the quality of labour resources proved to be insignificant in explaining the economic growth in these countries. Moreover, in Croatia, Estonia, Latvia, Lithuania, and Poland, the government expenditure on education had a negative effect on economic growth.

EVIDENCE ON EMPLOYMENT RATE AND ECONOMIC GROWTH

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Cornelia VĂCEANU

2014-11-01

Full Text Available This paper explores a causal relationship between employment rate and economic growth for European Union countries, in general, and produces a structural assessment of employment on the background of labour market dynamics. Economic growth is the key in economic theory and the main source of well-being and quality of life. Since the 2008 financial crisis, most European countries have experienced job shortage and unemployment problem, but today's European economic outlook is strengthening on the bases of a GDP growing momentum. Empirical data shows, regardless the GDP's moderate positive trend, the employment rate did not increase enough. Given this, the present analysis address the question: to what extent the employment rate is affected by economic growth?

Burkina Faso - Promoting Growth, Competitiveness and Diversification : Country Economic Memorandum, Volume 1. Main Report

OpenAIRE

World Bank

2010-01-01

The main conclusion of Country Economic Memorandum is that the previous model of extensive growth has now exhausted its potential and must be renewed. Given the existing population dynamics, low environmental tolerance due to its Sahelian climate and competition forces imposed due to its open economy, Burkina Faso is heavily investing in growth based on increased productivity to overcome i...

Economic growth factors system: theoretical and methodological aspect

OpenAIRE

H.Ya. Hlukha

2014-01-01

The aim of the article. The main objective of the article is to create theoretical grounds to build the system of economic growth factors, to modernize their classification, to define exogenous and endogenous factors, to analyze them within the state economic policy structure. The results of the analysis. The article focuses on economic growth factors theoretical studies: - economic growth factors classification characteristics have been highlighted; - various approaches to determine...

What are the "ingredients" for economic growth?

OpenAIRE

Wolla, Scott A.

2013-01-01

Is there a recipe for economic growth? Perhaps some Miracle-Gro for the economy? If only it were that easy. While the exact recipe is a mystery, economists have identified some of the key ingredients. This month’s newsletter discusses the role that economic institutions play in fostering long-term economic growth.

Growing a sustainable biofuels industry: economics, environmental considerations, and the role of the Conservation Reserve Program

International Nuclear Information System (INIS)

Clark, Christopher M; Bierwagen, Britta G; Morefield, Philip E; Ridley, Caroline E; Lin, Yolanda; Vimmerstedt, Laura; Bush, Brian W; Eaton, Laurence M; Langholtz, Matthew H; Peterson, Steve

2013-01-01

Biofuels are expected to be a major contributor to renewable energy in the coming decades under the Renewable Fuel Standard (RFS). These fuels have many attractive properties including the promotion of energy independence, rural development, and the reduction of national carbon emissions. However, several unresolved environmental and economic concerns remain. Environmentally, much of the biomass is expected to come from agricultural expansion and/or intensification, which may greatly affect the net environmental impact, and economically, the lack of a developed infrastructure and bottlenecks along the supply chain may affect the industry’s economic vitality. The approximately 30 million acres (12 million hectares) under the Conservation Reserve Program (CRP) represent one land base for possible expansion. Here, we examine the potential role of the CRP in biofuels industry development, by (1) assessing the range of environmental effects on six end points of concern, and (2) simulating differences in potential industry growth nationally using a systems dynamics model. The model examines seven land-use scenarios (various percentages of CRP cultivation for biofuel) and five economic scenarios (subsidy schemes) to explore the benefits of using the CRP. The environmental assessment revealed wide variation in potential impacts. Lignocellulosic feedstocks had the greatest potential to improve the environmental condition relative to row crops, but the most plausible impacts were considered to be neutral or slightly negative. Model simulations revealed that industry growth was much more sensitive to economic scenarios than land-use scenarios—similar volumes of biofuels could be produced with no CRP as with 100% utilization. The range of responses to economic policy was substantial, including long-term market stagnation at current levels of first-generation biofuels under minimal policy intervention, or RFS-scale quantities of biofuels if policy or market conditions were

The Contribution of SMEs to the Economic Growth (Case of Albania

Directory of Open Access Journals (Sweden)

Alba Kruja

2013-02-01

Full Text Available Small & Medium Sized Enterprises have an important place in the economical development of Albania. They already consist of the majority of private business and they are the main source of employment generation, innovation and productivity growth. In this context animportant determinant of the Albanian economy development lies in the development of small and medium enterprises, which is not based only on the number of start-ups but also on the positive change of business environment and entrepreneurial skills. The aim of the research is to examine the contribution of SMEs to the economic growth of the country through employment generation, building of added value, GDP, export activities etc., and the changes in entrepreneurial skills of Albanian SMEs to foresee the ways of improvement and enterprise development. The methods of research are: analysis and synthesis of the scientific literature discussing the problems SMEs are facing and the environmental changes; the systematic statistical data analysis of Albanian entrepreneurial skills of small and medium-sized enterprises. The analysis shows that from the weakest dimensions of SME sector in Albania are entrepreneurship education and training and the promotion of innovation and use of new technologies.Keywords: SMEs, economic growth, Albania

Relationship between Industrial Water Use and Economic Growth in China: Insights from an Environmental Kuznets Curve

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Alun Gu

2017-07-01

Full Text Available Global inequity and the unbalance of water resources has been a critical issue for many years; and the Chinese per capita water resources are only 1/4 of the global average. Meanwhile, as the Chinese economy is growing rapidly, the demand of Chinese industrial water use is also increasing. In this case, it is important to balance the relationship between economic growth and industrial water use. In this study, a reduction model is established for the northeastern, northern coastal, eastern coastal, southern coastal, middle Yellow River, middle Yangtze River, southwestern, and northwestern regions to verify the environmental Kuznets curve (EKC for their respective industrial water use and provide theoretical support for decision making from an economic perspective. It adopts the per capita industrial water use and GDP of the eight economic zones from 2002 to 2014. The unit root test and co-integration test were adopted to analyze the stationarity of the data, and the triple reduction model was used for the fitting of variables. The relationship between per capita industrial water use and GDP showed an inverted U-shaped curve from 2002 to 2014 for China, as well as for the eastern coastal and middle Yangtze River regions, with the coordinates of the turning points being (9.8749, 4.6735, (10.3098, 5.4783, and (9.8184, 5.0622, respectively. The per capita GDP at the turning point of the inverted U-shaped curve is 18,000–30,000 Yuan (at constant prices from 2000. This study provides important thoughts and lessons for collaborative research into the relationship between industrial water consumption and economic development. The central government should focus on the central and western regions when creating policies for water resource management and technological development to improve their industrial water use efficiency.

INTERRELATIONSHIP S BETWEEN HEALTH, ENVIRONMENT QUALITY AND ECONOMIC ACTIVITY: WHAT CONSEQUENCES FOR ECONOMIC CONVERGENCE?

Directory of Open Access Journals (Sweden)

Alassane Drabo

2010-03-01

Full Text Available This paper examines the link between health indicators, environmental variables and economic development, and th e consequences of this relationship on economic convergence for a large sample of rich and poor countries. While in economic literature income and environment are seen to have an inverted-U shaped relationship (Environment Kuznets Curve hypothesis, it is also well established that an improvement in environmental quality is positively related to health. Our study focuses on the implications of this relationship for economic convergence. In the early stage of economic development, the gain from income growth could be cancelled or mitigated by environmental degradation through populations' health (and other channels and create a vicious circle in economic activity unlike in developed countries. This in turn could slow down economic convergence. To empirically assess these issues, we proceeded to an econometric analysis through three equations: a growth equation, a health equation and an environment equation. We found that health is a channel through which environment impacts economic growth. When we take into account the effect of environment quality on economic growth, the speed of convergence tends to increase slightly. This shows that environmental quality could be considered as a constraint for economic convergence.

Growth-corruption-health triaca and environmental degradation: empirical evidence from Indonesia, Malaysia, and Thailand.

Science.gov (United States)

Azam, Muhammad; Khan, Abdul Qayyum

2017-07-01

This study examines the impact of economic growth, corruption, health, and poverty on environmental degradation for three countries from ASEAN, namely Indonesia, Malaysia, and Thailand using annual data over the period of 1994-2014. The relationship between environmental degradation (pollution) by carbon dioxide (CO 2 ) emissions and economic growth is examined along with some other variables, namely health expenditure, poverty, agriculture value added growth, industrial value added growth, and corruption. The ordinary least squares (OLS) method is applied as an analytical technique for parameter estimation. The empirical results reveal that almost all variables are statistically significant at the 5% level of significance, whereby test rejects the null hypotheses of non-cointegration, indicating that all variables play an important role in affecting the environment across countries. Empirical results also indicate that economic growth has significant positive impact, while health expenditures show significantly negative impact on the environment. Corruption has significant positive effect on environment in the case of Malaysia; while in the case of Indonesia and Thailand, it has insignificant results. However, for the individual analysis across countries, the regression estimate suggests that economic growth has a significant positive relationship with environment for Indonesia, while it is found insignificantly negative and positive in the case of Malaysia and Thailand, respectively, during the period under the study. Empirical findings of the study suggest that policy-makers require to make technological-friendly environment sequentially to surmount unregulated pollution, steady population transfers from rural areas to urban areas are also important, and poverty alleviation and better health provision can also help to improve the environment.

Economic instruments and the environmental accounts

International Nuclear Information System (INIS)

Palm, Viveka; Larsson, Maja

2007-01-01

The Nordic countries have now had experience with environmental taxes and subsidies as a major component of their environmental policy over an extensive period of time. The Swedish System of Environmental and Economic Accounts (SEEA) include environmental taxes and subsidies as part of the official statistics. This article presents the accounts for taxes and subsidies, linked to the accounts for emissions data by industry. It demonstrates disparities between emissions and environmental taxes, as well as where industries or environmental problems are not regulated. The data show that in Sweden economic instruments are always aimed at particular actors or areas, and are never quite as comprehensive as recommended by economic theory. The environmental taxes are primarily aimed at fossil fuel use and related emissions, and have been mostly applied to the household sector and services sector, while industry often has been given exemptions due to concerns about international competition. The environmentally motivated subsidies are mainly directed to agriculture, fishing and research on renewable resources. A fully developed international data set on taxes and subsidies would provide a sound base for comparing the impact on international competitiveness. Eurostat is promoting the use of environmental accounts data for its member countries by harmonizing methods and engaging in publication of international comparisons. (author)

Environmental economics: Saving lives, money, and ecosystems ...

International Development Research Centre (IDRC) Digital Library (Canada)

2010-10-07

Oct 7, 2010 ... Environmental economics gives developing countries a unique tool to make ... provides decision-makers facing tough economic and environmental choices with vital ... Emerging economies a new force in international giving.

Education and Economic Growth in Nigeria: A Granger Causality ...

African Journals Online (AJOL)

FIRST LADY

expenditures on education, primary school enrolment and economic growth. The tests revealed ..... force possessed a positive and significant impact on economic growth through factor ..... Export and Economic Growth in Namibia: A Granger ...

Endogenous growth and environmental policy

NARCIS (Netherlands)

Withagen, C.A.A.M.; Vellinga, N.

2001-01-01

This paper examines the relationship between environmental policy and growth, from the perspective of endogenous growth theory. In particular three standard endogenous growth models are supplemented with environmental issues, such as pollution and exhaustibility of natural resources. It is found

Medical Tourism and Its Implication on Malaysia's Economic Growth

OpenAIRE

Tang, Chor Foon

2015-01-01

Policymakers in the developed and developing countries already heading toward medical tourism to stimulate economic growth. Nonetheless, the actual impact of medical tourism on economic growth remains ambiguous. Although medical tourism may spur economic growth via its impact on foreign currency earnings, investments, tax revenue, and employment opportunities, it may also leave numerous negative externalities that either direct or indirectly harmful the process of economic growth. Undeniably,...

Regional Economic Growth; Socio-Economic Disparities among Counties

Directory of Open Access Journals (Sweden)

Salih Özgür SARICA

2014-12-01

Full Text Available State level economy has always been relying on its major metropolitan area’s economic success. So, such metropolitan agglomerations have been considered the only agents that can foster the state’s economic standing as if other economic places do (or may not have significant contribution to the regional economy. In contrast, as some major cities enhance their economic well-being and agglomerate in specialized sector, the rest of the region lose their economic grounds or stay constant by widening the economic gap among cities. Therefore, an institutional approach can help to establish new regional arrangements to substitute all economic places to coordinate each other and succeed the economic growth as part of state government by reducing the disparities. In this sense, this study builds upon the inquiry that seeks the impacts of some economic disparities among economic places (counties on the performances of state level regional economy.

Fiscal Policy and Economic Growth in Nigeria

Directory of Open Access Journals (Sweden)

Sylvia Uchenna Agu

2015-11-01

Full Text Available This article aims at determining the impact of various components of fiscal policy on the Nigerian economy. We simply used descriptive statistics to show contribution of government fiscal policy to economic growth, and to ascertain and explain growth rates, and an ordinary least square (OLS in a multiple form to ascertain the relationship between economic growth and government expenditure components after ensuring data stationarity. Findings revealed that total government expenditures have tended to increase with government revenue, with expenditures peaking faster than revenue. Investment expenditures were much lower than recurrent expenditures evidencing the poor growth in the country’s economy. Hence, there is some evidence of positive correlation between government expenditure on economic services and economic growth. Therefore, in public spending, it is important to note that the effectiveness of the private sector depends on the stability and predictability of the public incentive framework, which promotes or crowds out private investment.

Institutions, Technological Change and Economic Growth

Directory of Open Access Journals (Sweden)

David Corderí Novoa

2005-01-01

Full Text Available Theories of economic growth try to explain variations in per capita income across countries by differences in capital accumulation and productivity. However, many scholars consider that integrating institutions into economic theory and economic history is an essential step in improving explanations of why some societies are richer than others. This paper develops the empirical and theoretical case that differences in institutions are the fundamental cause of differences in technological change (productivity, hence in economic growth. First, I give a definition of institutions and how they influence economic performance, from a New Institutional Economics point of view. Then, I introduce the theoretical framework based on the economics of ideas and endogenous growth models. Finally, I argue that R&D expenditures -a proxy for technological change- will vary across countries depending on some measures of institutional quality. In the end, this paper finds that stronger institutions (measured by an aggregate of institutional quality encourage greater R&D expenditures. At a disaggregate level, the rule of law is positively correlated and the regulatory burden is negatively correlated with R&D expenditures. Human capital level (measured by the tertiary and primary school enrolment rates has also a significant positive impact in R&D expenditures.

Environmental Economics Research Strategy (2005)

Science.gov (United States)

This 2005 Environmental Economics Research Strategy outlines EPA’s research effort to provide the necessary behavioral science foundation for making decisions and designing environmental policies at the least cost to American businesses and consumers.

ANALYSIS OF FACTORS WHICH AFFECTING THE ECONOMIC GROWTH

Directory of Open Access Journals (Sweden)

Suparna Wijaya

2017-03-01

Full Text Available High economic growth and sustainable process are main conditions for sustainability of economic country development. They are also become measures of the success of the country's economy. Factors which tested in this study are economic and non-economic factors which impacting economic development. This study has a goal to explain the factors that influence on macroeconomic Indonesia. It used linear regression modeling approach. The analysis result showed that Tax Amnesty, Exchange Rate, Inflation, and interest rate, they jointly can bring effect which amounted to 77.6% on economic growth whereas the remaining 22.4% is the influenced by other variables which not observed in this study. Keywords: tax amnesty, exchange rates, inflation, SBI and economic growth

Urban population and economic growth: South Asia perspective

Directory of Open Access Journals (Sweden)

Sandip Sarker

2016-07-01

Full Text Available Previously economic growth was generally discussed in terms of foreign direct investment (FDI, educational growth, savings, investments, inflation as well as trade openness of a nation. Very recently it has been identified that population is one of the major determinants of economic growth of a nation. In the recent years, the study of urbanization has gained a matter of concern in developing countries as it has been recognized as part of a larger process of economic development which is affecting developing countries. South Asian countries are one of the emerging economics and growing at a faster rate over the past few years. At the same time, population of South Asia is growing at a significant rate. Therefore the study has attempted to identify the causal relationship between urban population and economic growth in South Asia using a panel data analysis. The study makes use of the Augmented Dickey-Fuller (ADF and Phillips-Perron (PP, Pesaran as well as Fisher methods for panel unit root test. The panel Pedroni cointegration test suggests that there is long run relationship between the variables. The further panel Vector Error Correction Model (VECM suggests that there is long run causality running from urban population growth to economic growth in South Asia. The study concludes that the growth of urban population can have significant impact on economic growth in South Asia in the long run.

Economic growth and intangible capitals: Europe versus Asia

Directory of Open Access Journals (Sweden)

Navarro José-Luis Alfaro

2014-01-01

Full Text Available At present, the international growth model includes important restrictions about the consideration of GDP as a unique tool for measurement. In this sense, taking into consideration the wealth of a country, we must add intangibles such as human development, country image, employment conditions, environmental, innovation, public sector efficiency, and synergies to the variable production, which is defined as national intellectual capital. In this paper, we use a mathematical model of intellectual capital to determine, in monetary terms, the intangible elements that have a greater impact on long-term economic development in European and Asian countries. We have the main limitation of available information and we provide objective results using statistical method. By identifying these components, countries will be able to redirect their policies toward achieving sustainable long-term growth. The results show that the long-term growth of both continents are strongly dependent on the skills of their human resources, but register differences in structural factors such as trade, innovation, or environment.

Human Capital Investment and Economic Growth in Nigeria ...

African Journals Online (AJOL)

Human Capital Investment and Economic Growth in Nigeria. ... relationship between investment in education, health and economic growth in Nigeria, ... in order to accelerate growth and liberate Nigerians from the vicious cycle of poverty, the ...

Dynamic relationship between CO2 emissions, energy consumption and economic growth in three North African countries

Science.gov (United States)

Kais, Saidi; Ben Mbarek, Mounir

2017-10-01

This paper investigated the causal relationship between energy consumption (EC), carbon dioxide (CO2) emissions and economic growth for three selected North African countries. It uses a panel co-integration analysis to determine this econometric relationship using data during 1980-2012. Recently developed tests for panel unit root and co-integration tests are applied. In order to test the Granger causality, a panel Vector Error Correction Model is used. The conservation hypothesis is found; the short run panel results show that there is a unidirectional relationship from economic growth to EC. In addition, there is a unidirectional causality running from economic growth to CO2 emissions. A unidirectional relationship from EC to CO2 emissions is detected. Findings shown that there is a big interdependence between EC and economic growth in the long run, which indicates the level of economic activity and EC mutually influence each other in that a high level of economic growth leads to a high level of EC and vice versa. Similarly, a unidirectional causal relationship from EC to CO2 emissions is detected. This study opens up new insights for policy-makers to design comprehensive economic, energy and environmental policy to keep the economic green and a sustainable environment, implying that these three variables could play an important role in the adjustment process as the system changes from the long run equilibrium.

Economic growth and poverty alleviation in Africa - linking hard and soft economics

DEFF Research Database (Denmark)

Kuada, John

2014-01-01

soft and hard economics, arguing that economic growth must be converted into social change that benefits poor for it to be described as development-oriented. It provides a direction for future research into issues of economic growth and poverty alleviation in Sub-Sahara Africa......This paper provides a quick glance at the dominant issues that have characterized the development economics debate during the past five decades. It is based on a review of a selection of literature that highlights the dominant perspectives in development economics. It draws a distinction between...

Exports, capital formation and economic growth in South Africa ...

African Journals Online (AJOL)

In South Africa the export sector is frequently accorded a special role in encouraging faster economic growth. Nonetheless, a question that remains unresolved is whether higher export growth indeed leads to higher economic growth and what particular role exports may play within the overall economic growth process of the ...

A Multi-Objective Input–Output Linear Model for Water Supply, Economic Growth and Environmental Planning in Resource-Based Cities

Directory of Open Access Journals (Sweden)

Wenlan Ke

2016-02-01

Full Text Available Water resource and environment capacity have become two of the most important restrictions for sustainable development in resource-based cities whose leading industries are the exploitation and processing of resources. Taking Ordos in China as an example, this article constructs an integrated model combining a multi-objective optimization model with input–output analysis to achieve the tradeoffs between economic growth, water utilization and environmental protection. This dynamic model includes socioeconomic, water supply–demand, water quality control, air quality control, energy consumption control and integrated policy sub-models. These six sub-models interact with each other. After simulation, this article proposes efficient solutions on industrial restructuring by maximizing the Gross Regional Product of Ordos from 394.3 in 2012 to 785.1 billion RMB in 2025 with a growth rate of 6.4% annually; and presents a water supply plan by maximizing the proportion of reclaimed water from 2% to 6.3% through sewage treatment technology selection and introduction, and effective water allocation. Meanwhile, the environmental impacts are all in line with the planning targets. This study illustrates that the integrated modeling is generic and can be applied to any region suffering uncoordinated development issues and can serve as a pre-evaluation approach for conducting early warning research to offer suggestions for government decision-making.

NIGERIA’S ECONOMIC GROWTH THROUGH TOURISM PROMOTION/SUSTAINABILITY

Directory of Open Access Journals (Sweden)

Victor N. ITUMO

2017-08-01

Full Text Available Nigeria is currently facing economic growth and development challenge. The economic challenge is occasioned by mono-cultural economic reliance on the single resource of crude oil export revenue as well as other internal and international effects that affect her economic drive for heightened growth and development. The Nigerian government had over the years searched for ways of diversifying its economy for greater growth and development especially given the various challenges in the economy, mainly the steep reduction in crude oil revenue arising from volatility of global oil price. This paper therefore uses the research methodology of case study to do a holistic assessment of the possibility of Nigeria diversifying into her tourism potentials for economic growth and development. This would be done equally by drawing relevant comparative analysis of other countries bringing economic benefits in Africa and across the globe.

Electrification, economic growth and uranium power

International Nuclear Information System (INIS)

Starr, C.

1982-01-01

It is argued that the expanded use of nuclear power is essential to provide a substantial portion of the electricity necessary for world economic growth. However, obstacles to this growth arise not from the technology but rather from the inadequacies of our industrial, political, and economic institutions needed to manage this new energy system effectively, nationally and internationally. (U.K.)

Foreign direct investment and economic growth: A theoretical framework

Directory of Open Access Journals (Sweden)

Edmore Mahembe

2014-05-01

Full Text Available The relationship between FDI and economic growth has attracted considerable attention over the years. Despite the important role played by FDI in economic growth, a number of policy-makers have not fully understood the theoretical linkage between FDI and economic growth. The aim of this paper, therefore, is to review the theoretical literature on the relationship between FDI and economic growth in a stylized fashion. The theoretical literature reviewed in this study show that FDI is a key contributor to the economic growth of the host country. FDI affects economic growth through two broad channels: (i FDI can encourage the adoption of new technologies in the production process through technological spillovers; and (ii FDI may stimulate knowledge transfers, both in terms of labour training and skill acquisition, and also by introducing alternative management practices and better organisational arrangements.

The Reality of Economic Growth towards Green Environment: A Study of Selected OECD Countries 1990-2010

Directory of Open Access Journals (Sweden)

Shilpi Gupta

2014-09-01

Full Text Available Economic growth and green environment has a direct relation with health, habitat and well being of our society which depends largely on the natural environment. But on the other side the society is neglecting and often ignoring the benefits that nature provides for economic prosperity. This paper studies the role of environment in economic growth, the role of environmental policy in achieving improved environmental results, closely examine the evidence of decoupling production from environmental damages and discuss decoupling in the context of global economy. In order to study these aspects, we explored our comparative research with special reference to selected eight OECD nations namely-France, Germany, Ireland, Japan, Portugal, Turkey, UK and USA with coverage period of 1990-2010. The selection of the countries is based on their prominence in industrialised world and their close economic bounding with each other over a considerable period. The coverage period in the study is 20 years because some of the emission data are available till 2013 and some only up to 2010. In order to do a comparative research on various dimensions we take in to our study period between1990-2010. DOI: http://dx.doi.org/10.3126/ije.v3i3.11065 International Journal of Environment Vol.3(3 2014: 78-88

Environmental degradation, energy consumption, population growth ...

African Journals Online (AJOL)

Based on the result, there is no evidence of unidirectional causality running from CO2 emissions and energy consumption to economic growth and strong unidirectional causality running from CO2 emissions, energy consumption and economic growth to population growth was found. The long run and short run estimates ...

Economic instruments for environmental mitigation

International Nuclear Information System (INIS)

Wilkinson, A.

1995-01-01

A joint International Chamber of Commerce (ICC)/World Energy Council (WEC) Working Group has been studying a range of policy instruments which are being used or considered for use to address the question of ever increasing energy demand versus environmental protection, and pollution reduction. Economic instruments for such environmental protection include direct regulation, market-based instruments, and voluntary approaches. No single policy or device was likely to suffice in addressing the diversity of environmental problems currently faced. Altering energy prices must be seen in a social context, but some direct regulation may also be inevitable. Generally economic instruments of change were preferred as these were viewed as more flexible and cost-effective. (UK)

Trade Liberalisation and Economic Growth in Macedonia

Directory of Open Access Journals (Sweden)

Mano-Bakalinov Viktorija

2016-12-01

Full Text Available The objective of this paper is to explore the effects of trade on Macedonian economic growth. The autoregressive distributed lag (ARDL model is applied on yearly data over the period of 1993-2014. Empirical investigation reveals that an increase of population and openness demonstrate a positive and significant effect on Macedonian economic growth. Given other diverging findings, this suggests that the relationship between trade reforms and growth through the productivity function may vary across transition economies. Nevertheless, the findings of this paper indicate that policies focusing on market liberalisation and opening the economy to trade have a positive effect on Macedonian economic growth, both in the short run and the long run.

Effects of Credit on Economic Growth, Unemployment and Poverty

OpenAIRE

Sipahutar, Mangasa Augustinus

2016-01-01

Abstract               Effect of credit on economic growth, unemployment and poverty provides evidence from Indonesia on the role of banks credit for promoting economic growth and reducing both unemployment and poverty.  To document the link between banks credit and economic growth, we estimate a VAR model and variance decompositions of annual GDP per capita growth rates to examine what proxy measures of banks credit are most important in accounting for economic growth over time and ho...

TOURIST ARRIVALS AND ECONOMIC GROWTH IN SARAWAK

OpenAIRE

Lau, Evan; Oh, Swee-Ling; Hu, Sing-Sing

2008-01-01

This study empirically investigates the comovements and the causality relationship between tourist arrivals and economic growth in Sarawak during the period of 1972 to 2004. The empirical evidence clearly shows that the long run causality running from tourist arrivals to economic growth in the estimation period. As one of the income generator for Sarawak, the findings are consistent with economic theory and proffer important policy conclusions.

Energy consumption and economic growth: A causality analysis for Greece

International Nuclear Information System (INIS)

Tsani, Stela Z.

2010-01-01

This paper investigates the causal relationship between aggregated and disaggregated levels of energy consumption and economic growth for Greece for the period 1960-2006 through the application of a later development in the methodology of time series proposed by Toda and Yamamoto (1995). At aggregated levels of energy consumption empirical findings suggest the presence of a uni-directional causal relationship running from total energy consumption to real GDP. At disaggregated levels empirical evidence suggests that there is a bi-directional causal relationship between industrial and residential energy consumption to real GDP but this is not the case for the transport energy consumption with causal relationship being identified in neither direction. The importance of these findings lies on their policy implications and their adoption on structural policies affecting energy consumption in Greece suggesting that in order to address energy import dependence and environmental concerns without hindering economic growth emphasis should be put on the demand side and energy efficiency improvements.

The Key to Promoting Economic Growth

Institute of Scientific and Technical Information of China (English)

2009-01-01

The low contribution of consumption to economic growth has become a source of anxiety for Chinese economic officials. With a sharp decline in exports as a result of the international financial crisis, the Chinese Government hopes that consumption will become a new engine of economic growth. The aim of promoting domestic demand is very clear in the 4-trillion-yuan ($586-billion) economic stimulus package the government approved last fall. How should we assess the present situation of consumption in China and its future course? At the Global Think Tank Summit held in Beijing on July 4, Ma Jiantang, Commissioner of the National Bureau of Statistics, Wang Guangqian, President of the Central University of Finance and Economics, and Yuan Yue, Chairman of the Board of Horizon Research Consultancy Group, shared their opinions.

Problems of social and economic growth in the Kyrgyz Republic

Directory of Open Access Journals (Sweden)

Guseva Valentina Ivanovna

2016-04-01

Full Text Available In the article author explores the indirect influence of non-economic factors on the growth dynamics of the volume of GDP, including shows the effect of social problems on economic growth. It is proved that the existence of social problems have a negative impact on the pace of the economic dynamics of the country, due to the mutual dependence of key economic and non-economic factors of growth. On the one hand, the level of income of the population affects the purchasing power, which leads to the increase of the acceleration in economic growth. On the other hand, high levels of poverty and a deepening income inequality dictate political and social instability in society, which negatively affects the dynamics of economic growth. It was revealed that the feature of economic growth in the transitional economy is the negative impact of inflation and unemployment rates of economic dynamics, despite the fact that in most Western models, they are not considered as limiting growth factors.

Fourth-quarter Economic Growth and Time-varying Expected Returns

DEFF Research Database (Denmark)

Møller, Stig V.; Rangvid, Jesper

not predict returns. Fourth-quarter economic growth rates contain considerably more information about expected returns than standard variables used in the literature, are robust to the choice of macro variable, and work in-sample, out-of-sample, and in subsamples. To help explain these results, we show...... that economic growth and growth in consumer confidence are correlated during the fourth quarter, but not during the other quarters: When economic growth is low during the fourth quarter, confidence in the economy is also low such that investors require higher future returns. We discuss rational and behavioral...... reasons why fourth-quarter economic growth, growth in consumer confidence, and expected returns are related....

CAUSAL RELATIONSHIP BETWEEN ENERGY CONSUMPTION, ECONOMIC GROWTH AND CO2 EMISSIONS: A DYNAMIC PANEL DATA APPROACH

Directory of Open Access Journals (Sweden)

Chaido Dritsaki

2014-04-01

Full Text Available Energy plays an important role in economic development worldwide. The increase of energy consumption showed that CO2 emissions in the atmosphere have increased dramatically, and these lead many scientists to push governments of the developing countries to take action for the formulation of environmental policies. Many studies have attempted to look for the direction of causality between energy consumption (EC, economic growth (GDP and CO2 emissions mainly on developing countries. This paper, therefore, applies the panel unit root tests, panel cointegration methods and panel causality test to investigate the relationship between energy consumption (EC, economic growth (GDP and CO2 emissions for three countries of Southern Europe (Greece, Spain, and Portugal covering the annual period 1960-2009. The FMOLS and DOLS are then used to estimate the long run relationship between the variables. The findings of this study reveal that there is a short-run bilateral causal link between the examined variables. However, in the long run, there is a unidirectional causality running from CO2 emissions to energy consumption (EC, and economic growth (GDP and a bilateral causality between energy consumption and economic growth. This indicates that energy is a force for economic growth both in short and long run as it is driven from economic growth. Moreover, to face the heterogeneity on the three countries of Southern Europe we use the FMOLS and DOLS estimation methods.

DETERMINANTS OF ECONOMIC GROWTH

OpenAIRE

Bartosz Totleben

2013-01-01

The article is examines the impact of macroeconomic indicators, in particular: human capital, government spending, innovation, political and social stability, on economic growth. In total 12 different indicators describing the economical, political and social conditions are taken into account. The study considers 102 countries between years 1960 and 2012 and two methods of estimation are performed: generalized method of moments (GMM) and fixed effects (FE). The results show the positive impac...

Ekonomik Büyüme ve Çevresel Vergilerin Emisyon Miktarına Etkileri / The Effect of Economic Growth and Environmental Taxes On Quantity of Emissions

Directory of Open Access Journals (Sweden)

Hakan Akar

2012-12-01

hacimlerinin daha az olması beklenmektedir. The Effect of Economic Growth and Environmental Taxes On Quantity of Emissions This study has been made to understand whether endless production and consumption activities which aim to achieve a wealthier life, cause environmental destruction. The study aims to determine, if the production and consumption activities have a negative effect on environment, whether environmental taxes would have a positive effect on environment or not. In general, the problem of this essay is environmental destruction, and in particular emissions. Initially, beneath the headline of environmental economics an effort to reveal relationship between environment and economics has been made, later on some information about the emission, environmental taxes, gross domestic product and per capita income has been given as a basis to our analysis. While explaining the interaction between economic growing process and environmental destruction; Environmental Kuznets Curve (EKC and Pollution Heaven Hypothesis have been benefited. It is found out that Turkey is coherent with EKC and environmental destruction is in decrease from 4090 dollars of Gross Domestic Product. In addition, environmental costs have to been taken into account in calculation of GDP. The link between environmental destruction and environmental taxes has been exposed via proportion of the environmental tax in total tax revenue. Our analysis has been based on data gathered from European Environmental Agency, European Commission and The World Bank’s web sites. In this way, EU countries have been compared with OECD countries in terms of economic growth, environmental tax and quantity emission. As a result, economic growth cause varied environmental destruction in different level of development and in between countries. Less quantity of emission is expected in some countries which are keen to use effectively environmental taxes in their tax systems.

Using an Environmental Economics Perspective to Influence ...

International Development Research Centre (IDRC) Digital Library (Canada)

This project will provide funding to the Latin American and Caribbean Environmental Economics Network (LACEEP) to build capacity in environmental and resource economics in the region, including collaborations with think tanks, to influence policy with evidence. Impact, influence, results LACEEP develops researchers' ...

Strengthening Environmental Economics Capacity in Research on ...

International Development Research Centre (IDRC) Digital Library (Canada)

Strengthening Environmental Economics Capacity in Research on Climate Change Adaptation ... They will develop environmental economics methods to address specific climate change challenges caused by extreme weather stressors. ... Initiative Villes ciblées : gestion des déchets urbains à Cochabamba, en Bolivie.

Information and communication technology use and economic growth.

Science.gov (United States)

Farhadi, Maryam; Ismail, Rahmah; Fooladi, Masood

2012-01-01

In recent years, progress in information and communication technology (ICT) has caused many structural changes such as reorganizing of economics, globalization, and trade extension, which leads to capital flows and enhancing information availability. Moreover, ICT plays a significant role in development of each economic sector, especially during liberalization process. Growth economists predict that economic growth is driven by investments in ICT. However, empirical studies on this issue have produced mixed results, regarding to different research methodology and geographical configuration of the study. This paper examines the impact of Information and Communication Technology (ICT) use on economic growth using the Generalized Method of Moments (GMM) estimator within the framework of a dynamic panel data approach and applies it to 159 countries over the period 2000 to 2009. The results indicate that there is a positive relationship between growth rate of real GDP per capita and ICT use index (as measured by the number of internet users, fixed broadband internet subscribers and the number of mobile subscription per 100 inhabitants). We also find that the effect of ICT use on economic growth is higher in high income group rather than other groups. This implies that if these countries seek to enhance their economic growth, they need to implement specific policies that facilitate ICT use.

Income taxes, public fiscal policy and economic growth

Directory of Open Access Journals (Sweden)

Tomasz Wołowiec

2014-12-01

Full Text Available The main goal of this article is to find the relationship between public fiscal policy and economic growth. The article consist of a few parts. The first is an introduction, which creates the background for the analysis in the following sections. It shows the main point of view on public fiscal policy especially in the case of personal income tax and creates a framework for the analysis of the relationship between taxation and economic growth. The second part focuses on the relations between central government decisions on taxation and its influence on savings, investments and economic growth. In this part we will find selected analyses of the impact of taxes on economic growth based on the examples of OECD countries. Finally, the last part of the work is a study on fiscal level and tax system structures and economic growth. In this part the authors checks two points of view on taxation. The first is that a low level tax burden is conducive to economic growth, and the second emphasizes negative consequences of decreasing budget tax revenues. The article shows both theoretical and empirical points of view on taxation and influence of government taxation decisions on the economy.

Information and communication technology use and economic growth.

Directory of Open Access Journals (Sweden)

Maryam Farhadi

Full Text Available In recent years, progress in information and communication technology (ICT has caused many structural changes such as reorganizing of economics, globalization, and trade extension, which leads to capital flows and enhancing information availability. Moreover, ICT plays a significant role in development of each economic sector, especially during liberalization process. Growth economists predict that economic growth is driven by investments in ICT. However, empirical studies on this issue have produced mixed results, regarding to different research methodology and geographical configuration of the study. This paper examines the impact of Information and Communication Technology (ICT use on economic growth using the Generalized Method of Moments (GMM estimator within the framework of a dynamic panel data approach and applies it to 159 countries over the period 2000 to 2009. The results indicate that there is a positive relationship between growth rate of real GDP per capita and ICT use index (as measured by the number of internet users, fixed broadband internet subscribers and the number of mobile subscription per 100 inhabitants. We also find that the effect of ICT use on economic growth is higher in high income group rather than other groups. This implies that if these countries seek to enhance their economic growth, they need to implement specific policies that facilitate ICT use.

The nexus between carbon emissions, energy consumption and economic growth in Middle East countries: A panel data analysis

International Nuclear Information System (INIS)

Ozcan, Burcu

2013-01-01

The environmental Kuznets curve (EKC) hypothesis assumes that there is an inverted U-shaped relationship between environmental degradation and income per capita. In other words, as a country grows, it is assumed that its environmental quality improves. In this study, we aim to test the EKC hypothesis for 12 Middle East countries during the period 1990–2008 by employing recently developed panel data methods. Our results provide evidence contrary to the EKC hypothesis. We found evidence favorable to the U-shaped EKC for 5 Middle East countries, whereas an inverted U-shaped curve was identified for only 3 Middle East countries. Furthermore, there appear to be no causal links between income and CO 2 emissions for the other 4 countries. Regarding the direction of causality, there appears to be a unidirectional causality from economic growth to energy consumption in the short-run; in the long-run, however, the unidirectional causality chain runs from energy consumption and economic growth to CO 2 emissions. We also suggest some crucial policy implications depending on these results. - Highlights: • The relationship between CO 2 emissions, energy consumption, and growth is examined. • Panel data estimation methods are used for 12 Middle East countries. • We obtain a U-shaped curve contrary to the EKC hypothesis. • The causality runs from economic growth to energy consumption in the short-run. • In the long-run, causality runs from energy consumption and growth to CO 2 emissions

Gender Factors and Inclusive Economic Growth: The Silent Revolution

Directory of Open Access Journals (Sweden)

Laura Cabeza-García

2018-01-01

Full Text Available The gender factors that trigger economic growth in both high- and low-income countries were investigated in this study. To address these gender factors, four characteristic dimensions of gender inclusion were considered: education, access to the labor market, fertility, and democracy. The relationship between economic growth and gender factors was analyzed in a sample of 127 countries. Value and robustness were added to the results using dynamic models applied to panel data while accounting for endogeneity. We conclude that high fertility in women has negative effects on economic growth. However, when women have greater access to secondary education and the labor market in conditions of equality, the effects are positive. Similarly, the access of women to active political participation has significant effects on economic growth. Overall, this study helps identify which gender factors may promote inclusive economic growth, which is economic growth achieved when both men and women are incorporated in equal conditions.

Parameters of Economic Growth in Kosovo

Directory of Open Access Journals (Sweden)

Shkumbin Misini

2016-01-01

Full Text Available This paper analysis the macroeconomic components that influenced macroeconomic growth in a country, more concretely, the focus will be on the measurement of components that affected economic growth under nominal GDP, in Kosovo. We intend to found out which component of nominal GDP has the biggest and the lowest influence on economic growth. Thus, in order to measure it, GDP components must be analysed: consumption measurement, investments measurement, government expenditures measurement and export measurement. These parameters will be measured by analysing their importance in relation to one another, and the major influence on the growth of nominal GDP. The paper includes a graphic analysis of nominal GDP in relation to consumption, investments, governmental expenses and export.

The influence of the environmental management system on the environmental impact of seaport companies during an economic crisis: Lithuanian case study.

Science.gov (United States)

Anne, Olga; Burskyte, Vilma; Stasiskiene, Zaneta; Balciunas, Arunas

2015-01-01

Freight handling in EU ports fell by more than 12 % during the global economic crisis in 2008-2009 after almost a decade of continuous growth. The decrease of freight handling in the Klaipeda seaport, the only port in Lithuania, was 6.7 % and happened due to the dominant outward movement of goods (mainly oil products). The Klaipeda seaport, due to its peculiarity, is the only ice-free port in the northern part of Baltic Sea. The present study explores the environmental impact of Klaipeda seaport activities from 2001 to 2011. Moreover, it compares the environmental effectiveness of environmental protection strategies used in the four biggest companies that, in fact, cover about 88 % of total activities (except general cargo) of the seaport. The first group of targeted companies used an environmental protection strategy to implement an ISO 14001-based environmental management system, and the second group selected to follow environmental management practices without certification. The paper analyses the development of the companies' activities in regard to the change of environmental effectiveness. The paper evaluates the pressure of the economic crisis on the companies' activities and its influence on environmental decisions, with particular interest in the ability of different environmental protection systems to resist and handle the expected performance. The study identified a significant decrease in companies' activities during the crisis period. However, the economic activities and environmental effectiveness demonstrated similar short-term tendencies in regard to the environmental strategy selection but differed in long-term perspective.

Public Debt, Corruption and Sustainable Economic Growth

Directory of Open Access Journals (Sweden)

Eunji Kim

2017-03-01

Full Text Available There are many studies that look into the relationship between public debt and economic growth. It is hard to find, however, research addressing the role of corruption between these two variables. Noticing this vacancy in current literature, we strive to investigate the effect of corruption on the relationship between public debt and economic growth. For this purpose, the pooled ordinary least squares (OLS, fixed effects models and the dynamic panel generalized method of moments (GMM models (Arellano-Bond, 1991 are estimated with data of 77 countries from 1990 to 2014. The empirical results show that the interaction term between public debt and corruption is statistically significant. This confirms the hypothesis that the effect of public debt on economic growth is a function of corruption. The sign of the marginal effect is negative in corrupt countries, but public debt enhances economic growth within countries that are not corrupt, i.e., highly transparent.

Financial Development Following Economic Growth: The Chinese Case

Directory of Open Access Journals (Sweden)

Chan il Park

2003-06-01

Full Text Available The purpose of this paper is to investigate the relationship between financial development and economic growth based on Chinese experiences during the period of 1979~2000. This study places more emphasis on the causality running from economic growth to financThe purpose of this paper is to investigate the relationship between financial development and economic growth based on Chinese experiences during the period of 1979~2000. This study places more emphasis on the causality running from economic growth to financial development contrary to the mainstream view, which asserts that the well-functioning financial systems exert a large positive impact on economic growth via two channels- capital accumulation and technological innovations. The reverse causality is postulated by considering two factors in developments of the country's financial system. Firstly, this paper argues that the rapid accumulation of financial assets and the remarkable expansion of the financial system during the examined period are due primarily to income rises and changes in industrial structures rather than inefficient financial reforms. Secondly, it is recognized in this study that various financial reform measures undertaken by the state since 1994 are emerged endogenously in response to Chinese financial disorders and macroeconomic imbalances built up during the 1979~93 period. This line of thinking is not following the mainstream view in which financial reforms are regarded as policy variables (or exogenous variables in promoting economic growth. These two factors imply that the causality may run from economic growth to financial development at least in China.

Sociopolitical Instability and Economic Growth Empirical Evidence from Sri Lanka

OpenAIRE

Changsheng Xu; Santhirasegaram Selvarathinam; Wen X. Li

2007-01-01

Sociopolitical instability severely affects economic growth in short and long run. This study analyzes that sociopolitical instability measured by proxy measure; annual growth rate of tourist arrivals in Sri Lanka during 1960-2005 adversely affects economic growth. Our empirical findings based on ordinary lease square econometric estimation, show that sociopolitical instability negatively and significantly affect economic growth. Reduction of economic growth rate (-0.032) due to the sociopoli...

Energy efficiency: Key to solving economic, environmental problems

International Nuclear Information System (INIS)

Flanigan, T.

1991-01-01

Energy efficiency can boost economic development and competitiveness, maximize capital productivity, improve environmental quality, and guarantee lasting energy security. Each of these benefits is reason enough, but collectively they form an imperative for action. The energy future must be based on cultural development, not the wanton growth that has served as an indicator of success in the past. Energy efficiency provides not only technical fixes, regulatory innovation, and a host of new financing methods, it also provides a template - a model - for a resource-efficiency ethic congruent with the notion of respecting the rights of future citizens. The good news is that the authors now know how to check environmental despoliation caused by an unquenchable thirst for energy resources. Existing energy-efficiency opportunities allow them to redefine the national energy strategy and take account of the environment and the future

Strategic interactions in environmental economics

NARCIS (Netherlands)

Heijnen, Pim

2007-01-01

This thesis deals with the strategic interactions important to environmental economics. That includes a wide range of topics: environmental groups influencing or informing consumers, the reaction to taxation by car and fuel producers, the spread of an innovative tax and binary public good games.

Panel estimation for CO2 emissions, energy consumption, economic growth, trade openness and urbanization of newly industrialized countries

International Nuclear Information System (INIS)

Sharif Hossain, Md.

2011-01-01

This paper empirically examines the dynamic causal relationships between carbon dioxide emissions, energy consumption, economic growth, trade openness and urbanization for the panel of newly industrialized countries (NIC) using the time series data for the period 1971-2007. Using four different panel unit root tests it is found that all panel variables are integrated of order 1. From the Johansen Fisher panel cointegration test it is found that there is a cointegration vector among the variables. The Granger causality test results support that there is no evidence of long-run causal relationship, but there is unidirectional short-run causal relationship from economic growth and trade openness to carbon dioxide emissions, from economic growth to energy consumption, from trade openness to economic growth, from urbanization to economic growth and from trade openness to urbanization. It is found that the long-run elasticity of carbon dioxide emissions with respect to energy consumption (1.2189) is higher than short run elasticity of 0.5984. This indicates that over time higher energy consumption in the newly industrialized countries gives rise to more carbon dioxide emissions as a result our environment will be polluted more. But in respect of economic growth, trade openness and urbanization the environmental quality is found to be normal good in the long-run. - Highlights: → Dynamic causal relationships are conducted for different panel variables of NIC. → Test results support only existence of unidirectional short-run causal relationships. → Environment will be polluted more due to energy consumption in the long-run. → But environmental quality is found to be normally good in respect of other variables. → NIC should use solar energy as the substitute of oil to control CO 2 emissions.

Economic environmental management of drilling operations

International Nuclear Information System (INIS)

Longwell, H.J.; Akers, T.J.

1992-01-01

This paper presents significant environmental and regulatory initiatives developed by Exxon's New Orleans Drilling Organization. Specifically, the paper will cover drilling waste minimization techniques and disposal options, recycling of drilling waste streams, and environmentally managed drilling location design considerations. The implementation of some of these initiatives at Exxon's Chalkley field land locations have resulted in a fifty percent reduction in drilling location waste management costs. Some of these same initiatives have been successfully applied to Exxon's barge drilling locations. For operations at the environmentally sensitive Mobile Bay, Exxon contracted with a local company and assisted in the development of an economically and environmentally superior drilling waste disposal and treatment system. In summary, it is possible for drilling operators to pro-actively manage escalating environmental and regulatory challenges through the implementation of economic and practical initiatives

The South African tax mix and economic growth

OpenAIRE

AH de Wet; NJ Schoeman; SF Koch

2014-01-01

The research reported in this paper suggests that government fiscal policy can influence economic growth through alterations in the tax mix and the overall size of government spending.   The authors estimate the impact on economic growth of changes in fiscal policy via government expenditure, direct taxation and indirect taxation.  The results show that economic growth is negatively affected by increases in the size of government, as reflected in its expenditures and direct tax revenues, alth...

FINANCIAL INTERMEDIATION, ENTREPRENEURSHIP AND ECONOMIC GROWTH

OpenAIRE

Wenli Cheng

2007-01-01

This paper presents a simple general equilibrium model of financial intermediation, entrepreneurship and economic growth. In this model, the role of financial intermediation is to pool savings and to lend the pooled funds to an entrepreneur, who in turn invests the funds in a new production technology. The adoption of the new production technology improves individual real income. Thus financial intermediation promotes economic growth through affecting individuals’ saving behaviour and enabl...

Energy rebound and economic growth: A review of the main issues and research needs

International Nuclear Information System (INIS)

Madlener, R.; Alcott, B.

2009-01-01

Contrary to conventional wisdom, more efficient use of energy may actually through rebound effects lead to greater instead of less total consumption of energy-or at least to no diminution of energy consumption. If so, energy efficiency strategies may serve goals of raising economic growth and affluence, but as an environmental or energy policy strategy could backfire, leading to more resource use in absolute terms rather than less. This, in turn, could in the long run hamper economic growth, for instance if resource scarcity crowds out technical change. The hypothesis that rebound is greater than unity ('backfire') predicts the observed real-world correlation between rising energy consumption and rising efficiency of energy services, however difficult it may be to define a precise holistic metric for the latter. The opposing hypothesis, i.e. that rebound is less than unity and that energy efficiency increases therefore result in less energy consumption than before, requires on the other hand strong forces that do account for the empirically observed economic growth. This paper summarises some of the discussions around the rebound effect, puts it into perspective to economic growth, and provides some insights at the end that can guide future empirical research on the rebound topic

Economic Growth and Sustainable Housing: An Uneasy Relationship

DEFF Research Database (Denmark)

Buch-Hansen, Hubert

2017-01-01

Book review of: "Economic Growth and Sustainable Housing: An Uneasy Relationship" by Jin Xue (Routledge, 2014)......Book review of: "Economic Growth and Sustainable Housing: An Uneasy Relationship" by Jin Xue (Routledge, 2014)...

Nuclear energy consumption and economic growth in nine developed countries

International Nuclear Information System (INIS)

Wolde-Rufael, Yemane; Menyah, Kojo

2010-01-01

This article attempts to test the causal relationship between nuclear energy consumption and real GDP for nine developed countries for the period 1971-2005 by including capital and labour as additional variables. Using a modified version of the Granger causality test developed by Toda and Yamamoto (1995), we found a unidirectional causality running from nuclear energy consumption to economic growth in Japan, Netherlands and Switzerland; the opposite uni-directional causality running from economic growth to nuclear energy consumption in Canada and Sweden; and a bi-directional causality running between economic growth and nuclear energy consumption in France, Spain, the United Kingdom and the United States. In Spain, the United Kingdom and the USA, increases in nuclear energy consumption caused increases in economic growth implying that conservation measures taken that reduce nuclear energy consumption may negatively affect economic growth. In France, Japan, Netherlands and Switzerland increases in nuclear energy consumption caused decreases in economic growth, suggesting that energy conservation measure taken that reduce nuclear energy consumption may help to mitigate the adverse effects of nuclear energy consumption on economic growth. In Canada and Sweden energy conservation measures affecting nuclear energy consumption may not harm economic growth.

Further evidence on the relationship between economic freedom and economic growth

NARCIS (Netherlands)

De Haan, J; Siermann, CLJ

Often it is maintained that economic freedom may further high levels of economic growth. Using various measures of economic freedom constructed by Scully and Slottje, the robustness of this relationship is examined. Both direct and indirect effects of lack of liberties are analysed. Our main

Corporate sustainability: environmental, social, economic and corporate performance

Directory of Open Access Journals (Sweden)

Alena Kocmanová

2011-01-01

Full Text Available The article deals with corporate sustainability and environmental and social issues of the integration of corporate performance measurement that may lead to sustainable economic success. Sustainability is a strategy of the process of sustainable development. Sustainability of businesses and sustainable performance can be defined as an integration of environmental, social and economic performance. First and foremost, businesses will want to know what indicators can be used to measure environmental, social and economic performance. What is the mutual relationship between environmental, social and economic performance? How can firms arrive at a comprehensive assessment of their performance in relation to sustainability? The aim of this paper is to analyze corporate environmental, social and economic performance and to analyze their mutual relationships. The final part of the article is an assessment of the contemporary situation and draft Key Performance Indicators (KPI for assessment of corporate sustainability that will be the subject of further research in a selected NACE-CZ sector and in accordance with Corporate Sustainability Reporting. KPI provide businesses with a means of measuring progress toward achieving objectives.

Linking Ethics and Economic Growth

DEFF Research Database (Denmark)

Foss, Nicolai Juul

2012-01-01

Hunt (2012) builds on his work concerning ethics and resource-advantage theory to link personal ethical standards, societal norms, and economic growth but offers few details concerning the precise mechanisms that link ethics and growth. This comment suggests a number of such mechanisms – for exam...... – for example, the influence of prevailing ethical norms on the aggregate elasticity of substitution and, therefore, total factor productivity and growth....

Money Supply, Interest Rate, and Economic Growth in Cameroon: A ...

African Journals Online (AJOL)

Money Supply, Interest Rate, and Economic Growth in Cameroon: A Time Series ... the impacts of money and interest rate on economic growth and development. ... Money Supply, Interest Rates, Economic growth, Co-integration and Inflation.

Managing Air Quality - Human Health, Environmental and Economic Assessments

Science.gov (United States)

Human health and environmental assessments characterize health and environmental risks associated with exposure to pollution. Economic assessments evaluate the cost and economic impact of a policy or regulation & can estimate economic benefits.

Economic growth in a politically fragmented world

Czech Academy of Sciences Publication Activity Database

Jeong, Byeongju

2014-01-01

Roč. 42, č. 2 (2014), s. 402-416 ISSN 0147-5967 Institutional support: RVO:67985998 Keywords : economic integration * economic growth * intergenerational bargain Subject RIV: AH - Economics Impact factor: 1.170, year: 2014

Institutions, Entrepreneurship, and Economic Growth

DEFF Research Database (Denmark)

Bjørnskov, Christian; Foss, Nicolai Juul

2016-01-01

sample limitations, omitted variable biases, causality issues, and response heterogeneity. We argue that theories in management research, such as the resource-based view, transaction cost economics, and strategic entrepreneurship theory, can fill some of the conceptual and theoretical gaps.......We review the literature that links institutions, entrepreneurship, and economic growth outcomes, focusing in particular on empirical research. Most of the literature has an economics orientation, but we also review relevant literature from other social sciences, including management research...

Models of the Economic Growth and their Relevance

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Nicolae MOROIANU

2012-06-01

Full Text Available Until few years ago, the economic growth was something perfect normal, part of an era marked by the transformation speed. Normality itself has been transformed and we currently are influenced by other rules, unknown yet, which should answer the question: “How do we return to the economic growth?” The economic growth and the models aiming to solve this problem concern the economic history even since its beginnings. In this paper we would like to find out what is the relevance that the well-known macroeconomic models still have and which might be their applicability level in a framework created by a black swan event type.

Value function in economic growth model

Science.gov (United States)

Bagno, Alexander; Tarasyev, Alexandr A.; Tarasyev, Alexander M.

2017-11-01

Properties of the value function are examined in an infinite horizon optimal control problem with an unlimited integrand index appearing in the quality functional with a discount factor. Optimal control problems of such type describe solutions in models of economic growth. Necessary and sufficient conditions are derived to ensure that the value function satisfies the infinitesimal stability properties. It is proved that value function coincides with the minimax solution of the Hamilton-Jacobi equation. Description of the growth asymptotic behavior for the value function is provided for the logarithmic, power and exponential quality functionals and an example is given to illustrate construction of the value function in economic growth models.

Economic growth in a politically fragmented world

Czech Academy of Sciences Publication Activity Database

Jeong, Byeongju

2014-01-01

Roč. 42, č. 2 (2014), s. 402-416 ISSN 0147-5967 Institutional support: PRVOUK-P23 Keywords : economic integration * economic growth * intergenerational bargain Subject RIV: AH - Economics Impact factor: 1.170, year: 2014

Size of government and economic growth: A nonlinear analysis

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Herath Shanaka

2012-01-01

Full Text Available The new growth theory establishes, among other things, that government expenditure can manipulate the economic growth of a country. This study attempts to explain whether government expenditure increases or decreases economic growth in the context of Sri Lanka. Results obtained employing a productive output series and applying an analytical framework based on second degree polynomial regression are generally consistent with previous findings: government expenditure and economic growth are positively correlated; excessive government expenditure is negatively correlated with economic growth; and investment promotes growth. In a separate section, the article examines Armey’s idea of a quadratic curve that explains the level of government expenditure in an economy and the corresponding level of economic growth [Armey, D. (1995. The Freedom Revolution. Washington, D.C.: Regnery Publishing Co.]. The findings confirm the possibility of constructing the Armey curve for Sri Lanka, and it estimates the optimal level of government expenditure to be approximately 27%. This article adds to the literature indicating that the Armey curve is a reality not only for developed economies, but also for developing economies.

Financial development and economic growth nexus in Russia

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Shigeki Ono

2017-09-01

Full Text Available This paper examines the finance-growth nexus in Russia with the vector autoregression model, taking oil prices and foreign exchange rates into account. The analyzed period is from 1999 through 2008 (Subperiod 1 and from 2009 through 2014 (Subperiod 2. The results for Subperiod 1 suggest that there is causality from economic growth to money supply and bank lending, which implies demand-following responses. The results for Subperiod 2 show that economic growth Granger causes bank lending while there is no causality from money supply to economic growth, which could be related to the dramatic decrease in the amount of intervention in foreign exchange markets.

EFFECTS OF THE ECONOMIC FREEDOMS ON THE ECONOMIC GROWTH: EVIDENCE FROM THE EU AND COMCEC COUNTRIES (1996-2015

Directory of Open Access Journals (Sweden)

HALİL İBRAHİM AYDIN

2017-06-01

Full Text Available In this research, the effects of the economic freedoms on the economic growth for EU and COMCEC countries at different development/income level are econometrically analyzed via panel data analysis for the period of 1996- 2014 by being considered the improvement of economic growth theories for the key determinants of economic growth. From this aspect, it is aimed at this research that to evaluate the effects of the economic freedoms on the long termed economic growth performances and income level differences of EU and COMCEC countries which have different statuses in terms of economic freedoms and income level indicators. It is determined at the end of the study that the economic freedoms have a positive and statistically significant effect on the economic growth of EU countries in investigation period, on the other hand, these freedoms have not any effect on the economic growth of COMCEC countries. Moreover, the existence of a one-way causality relation operates from economic freedoms to the economic growth in EU countries is specified while there is any causality link found between these freedoms and the economic growth for the countries in COMCEC group. All these results indicate that also the economic freedoms besides the physical human capital accumulation, in other words, whether the EU and COMCEC countries have a market economy adopts outward-oriented liberal fiscal policies plays a major role in differentiating the income levels or the economic growth performances.

Economic and environmental efficiency using a social accounting matrix

International Nuclear Information System (INIS)

Morilla, Carmen Rodriguez; Diaz-Salazar, Gaspar Llanes; Cardenete, M. Alejandro

2007-01-01

This paper aims to show the utility of the so-called Social Accounting Matrix and Environmental Accounts (SAMEA) for economic and environmental efficiency analysis. The article uses the SAMEA for Spain in 2000, applied to water resources and greenhouse gas emissions. This matrix is used as a central core of a multisectorial model of economic and environmental performance, and it calculates the denominated 'domestics SAMEA multipliers' and their decomposition into characteristic, direct, indirect and induced effects. These multipliers show some evaluation of economic and environmental efficiency. Also, we present an application of these multipliers that demonstrates that there is no causal interrelation between those sectors with higher economic backward linkages and those with higher environmental deterioration backward linkages. (author)

ENVIRONMENTAL AND SOCIO-ECONOMIC ASPECT OF GROWING MISCANTHUS GENOTYPES

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Marián KOTRLA

2013-01-01

Full Text Available Deliberate cultivation of plants for energy biomass is becoming increasingly important. Biomass should significantly contribute to increase the share of renewable energy in the European Union. On the research locality of Slovak University of Agriculture in Nitra localized in the village Kolíňany (Slovak Republic is implemented basic research focused on the growth and production of the two genotypes energy grass Miscanthus. Research is carried out since 2010. In the third year after planting (the year 2012 were confirmed biomass production depending on the genotype of 35.45 and 36.67 t ha-1. Based on the analysis of growth and production performance of Miscanthus genotypes can be evaluated the high environmental and socio-economic aspects of growing energy crops, depending on the specific agro-ecological conditions.

Role of vaccination in economic growth.

Science.gov (United States)

Quilici, Sibilia; Smith, Richard; Signorelli, Carlo

2015-01-01

The health of a population is important from a public health and economic perspective as healthy individuals contribute to economic growth. Vaccination has the potential to contribute substantially to improving population health and thereby economic growth. Childhood vaccination programmes in Europe can offer protection against 15 important infectious diseases, thus preventing child fatalities and any serious temporary and permanent sequelae that can occur. Healthy children are more able to participate in education, thus preparing them to become healthy and productive adults. Vaccination programmes can also prevent infectious diseases in adolescents, thus allowing them to continue their development towards a healthy adulthood. Protecting adults against infectious diseases ensures that they can fully contribute to productivity and economic development by avoiding sick leave and lower productivity. Vaccination in older adults will contribute to the promotion of healthy ageing, enabling them to assist their familiy with, for instance, childcare, and also help them avoid functional decline and the related impacts on health and welfare expenditure. Effective vaccination programmes for all ages in Europe will thus contribute to the European Union's 2020 health and economic strategies. Indeed, beyond their impact on healthcare resources and productivity, reductions in mortality and morbidity also contribute to increased consumption and gross domestic product. Therefore, assessment of the value of vaccines and vaccination needs to consider not just the direct impact on health and healthcare but also the wider impact on economic growth, which requires a macroeconomic analysis of vaccination programmes.

Electricity consumption and economic growth in seven South American countries

International Nuclear Information System (INIS)

Yoo, Seung-Hoon; Kwak, So-Yoon

2010-01-01

This paper attempts to investigate the causal relationship between electricity consumption and economic growth among seven South American countries, namely Argentina, Brazil, Chile, Columbia, Ecuador, Peru, and Venezuela using widely accepted time-series techniques for the period 1975-2006. The results indicate that the causal nexus between electricity consumption and economic growth varies across countries. There is a unidirectional, short-run causality from electricity consumption to real GDP for Argentina, Brazil, Chile, Columbia, and Ecuador. This means that an increase in electricity consumption directly affects economic growth in those countries. In Venezuela, there is a bidirectional causality between electricity consumption and economic growth. This implies that an increase in electricity consumption directly affects economic growth and that economic growth also stimulates further electricity consumption in that country. However, no causal relationships exist in Peru. The documented evidence from seven South American countries can provide useful information for each government with regard to energy and growth policy.

Analysis of Environmental Law Enforcement Mechanism Based on Economic Principle

Science.gov (United States)

Cao, Hongjun; Shao, Haohao; Cai, Xuesen

2017-11-01

Strengthening and improving the environmental law enforcement mechanism is an important way to protect the ecological environment. This paper is based on economical principles, we did analysis of the marginal management costs by using Pigou means and the marginal transaction costs by using Coase means vary with the quantity growth of pollutant discharge Enterprises. We analyzed all this information, then we got the conclusion as follows. In the process of strengthening the environmental law enforcement mechanism, firstly, we should fully mobilize all aspects of environmental law enforcement, such as legislative bodies and law enforcement agencies, public welfare organizations, television, newspapers, enterprises, people and so on, they need to form a reasonable and organic structure system; then we should use various management means, such as government regulation, legal sanctions, fines, persuasion and denounce, they also need to form an organic structural system.

Economic development, income inequality and environmental degradation of fisheries resources in Mauritius.

Science.gov (United States)

Sobhee, Sanjeev K

2004-07-01

This article examines how environmental degradation of fisheries resources in the context of Mauritius is linked up with human investment in education, economic growth, and income inequality. Empirical evidence shows that public-sector investment in education promotes economic growth, but at the expense of greater inequality of income. Among the vulnerable groups affected by this type of development process lies the fisherman community. In fact, children of poor families in coastal Mauritius have constrained access to complete school education because of the persistently high opportunity cost involved. Hence, this community is caught up in a vicious circle, as its children or grandchildren would barely be redeployed elsewhere other than in the fisheries sector itself. Such exclusion might account for the overexploitation of marine resources of the island and the accompanying reduction in fish catch over recent years.

Competitiveness and Economic Growth in Romanian Regions

Directory of Open Access Journals (Sweden)

Simionescu Mihaela

2016-12-01

Full Text Available Considering the fact that Romanian economy competitiveness is not based on innovation and investment in human capital, this study makes an empirical evaluation of the impact of occupation and unemployment in Romanian counties on the economic growth. The approach based on panel vector-autoregressive (panel VAR models indicated a negative impact of occupation and activity rate in 42 Romanian counties on the economic growth during 2006-2014. On the other hand, the real economic growth was achieved at high unemployment rates. These results are contrary to previous studies in literature and are due to a structural economic crisis and to lack of labour productivity and investment in human capital. Further policy measures should focus on structural unemployment decrease, more skilled labour force according to labour market needs, lifelong learning, higher performance and quality of education system, promotion of social inclusion, poverty control.

Impacts of Seaport Investment on the Economic Growth

Directory of Open Access Journals (Sweden)

Tahar Ammar Jouili

2016-08-01

Full Text Available The aim of this paper is to estimate the impact of seaports investment on the economic growth. Seaports are seen by many governments as an important factor in the strengthening of the economies. During the last two decades, the Tunisian succeeding governments have been allocating a great amount of money to develop seaport infrastructures. However, the Tunisian economy witnessed fluctuations in the economic growth rates and decrease in the rate of employment during the same period of time. This study used an econometric model by employing the Cobb-Douglas production function. The sample was composed of Tunisia's economic sectors (manufacturing, services and agriculture over the period 1983-2011. The results of the study show that the public investment in seaport infrastructures has apositive influence on Tunisian economic growth. The study also revealed that the biggest beneficiary from the seaport investment infrastructure is the service sector.This paper aims to estimate the impact of seaports investment on the economic growth. The seaports are seen by many governments as an important factor in the strengthening of the economies. During the last two decades, the Tunisian succeeding governments were allocating a great amount of money to develop seaports' infrastructures. However, the Tunisian economy witnessed fluctuating in the economic growth rates and decreased in the rate of employment during the same period of time. This study used an econometric model by employing the Cobb-Douglas production function. The sample composed of Tunisia's economic sectors (manufacturing, services and agriculture over the period 1983-2011. The results of the study show that the public investment in seaports' infrastructures has a positive influence on Tunisian economic growth. The study also revealed that the biggest beneficiary from the seaports investment infrastructure is the services sector.

The South African tax mix and economic growth

Directory of Open Access Journals (Sweden)

AH de Wet

2014-10-01

Full Text Available The research reported in this paper suggests that government fiscal policy can influence economic growth through alterations in the tax mix and the overall size of government spending.   The authors estimate the impact on economic growth of changes in fiscal policy via government expenditure, direct taxation and indirect taxation.  The results show that economic growth is negatively affected by increases in the size of government, as reflected in its expenditures and direct tax revenues, although significant indirect tax effects are not found.

STRATEGIC AND ECONOMIC MODALITY OF ENVIRONMENTAL DIPLOMACY

Directory of Open Access Journals (Sweden)

А. Bokhan

2018-01-01

Full Text Available Modern development of humanity and its well-being is measured by the parameters of progressive achievements, global resonance and ecological warnings. XXI century, forming a new architecture of the world economy, which requires countries to resource diversification, market innovation and modification of the concept of leadership in combinatorial forms of competition and confrontation, consolidation and partnership. The dialogue of civilizations always contains contradictions and demonstrates the relative stability of communities in terms of ecological risk. International politicians are calling for the approval of constructivism economic activities on the basis of environmental diplomacy. Purpose. Determination of activation modality stratagem environmental diplomacy in the context of consolidating the areas of international economic relations, globalization challenges and opportunities. Result. New aspirations of humankind radically change the idea of naturalness and safety of its habitat, increase the importance of information and technological attributes of activity, cause the reactionary nature of the scale of the economic confrontation. Pause economic and technological expansionism unrealistic, but to channel the energy in a more environmental expansionism direction is necessary. Great hopes are placed on the active forms of diplomacy based on multi-level mobility of its subjects and ecological factors strengthen countries stratification. Traditionally, diplomacy is synchronized with the negotiation process, which are presented to the interests and intentions, tactics and strategy of the leaders of the political and business elite of the world. The development of environmental analysis diplomacy takes place under the pressure of massive information flows, multinational business interests and ideology of the hybrid wars. Environmental diplomacy is able to set the modality (way hypothetical implementation, realistic, pragmatic and forward

Financial Management and Economic Growth: The European Countries Experience

Directory of Open Access Journals (Sweden)

Nuno Carlos LEITÃO

2012-12-01

Full Text Available The purpose of this research is to investigate the impact of financial development on economic growth applied to European Countries. The initial GDP per capita is negatively correlated with growth of real GDP per capita. Our study shows that there is convergence within European Countries for the period 1990-2009. This paper confirms relevant theoretical hypothesis as international trade and saving encourage the economic growth. The inflation has a negative impact on economic growth as previous studies.

The Relationship Among Poverty, Economic Growth, and Inequality Revisited

OpenAIRE

Lonnie K. Stevans; David N. Sessions

2008-01-01

It has been shown in prior research that increased economic growth reduces poverty. Authors have also found that the effect of growth in Gross Domestic Product (GDP) on poverty growth has either diminished or remained unchanged over time, and economic expansion in the 1980s in the United States had no affect on poverty. Using a formal error-correction model, we find that increases in economic growth are significantly related to reductions in the poverty rate for all families. Specifically, GD...

Environmental Economics And Policy: Course Evaluation Survey

Directory of Open Access Journals (Sweden)

Petr Šauer

2013-09-01

Full Text Available The main objective of this paper is to outline the educational aspects of environmental economics referring to an example of a course taught at The University of Economics, Prague. A quantitative survey among students was conducted to describe their perceptions of the environmental topics and the diverse components of the course. This learners’ perspective is compared with students’ examination results and their level of activity in seminars. One of the main questions asked in this text is: do students interested in economic policy and regional economics consider the environmental orientation of the course important? And if yes what aspects of the course do they value, what benefits do they get from the course, what are their learning strategies and what role does this play with regards to students’ concern for environmental issues? Probably the most important finding of the research is the students’ advocacy of environmental economics as a beneficial part of curriculum both by those clustered as ‘environmentalists’ and ‘non-environmentalists’ (or even ‘anti-environmentalists’. Students appreciate having a chance to participate actively in the course. A well balanced proportion of lectures and seminars with enough space for deep discussion seem to be crucial for retaining students’ interest. The data doesn’t equip us with sufficient information to construct regression models with reasonable predictive power concerning exam results. A challenge for further research is to work with a better informed analysis of students’ learning strategies.

Macroeconomic Determinants of Economic Growth: A Review of International Literature

Directory of Open Access Journals (Sweden)

Chirwa Themba G.

2016-12-01

Full Text Available The paper conducts a qualitative narrative appraisal of the existing empirical literature on the key macroeconomic determinants of economic growth in developing and developed countries. Much as other empirical studies have investigated the determinants of economic growth using various econometric methods, the majority of these studies have not distinguished what drives or hinders economic growth in developing or developed countries. The study finds that the determinants of economic growth are different when this distinction is used. It reveals that in developing countries the key macroeconomic determinants of economic growth include foreign aid, foreign direct investment, fiscal policy, investment, trade, human capital development, demographics, monetary policy, natural resources, reforms and geographic, regional, political and financial factors. In developed countries, the study reveals that the key macroeconomic determinants that are associated with economic growth include physical capital, fiscal policy, human capital, trade, demographics, monetary policy and financial and technological factors.

Political Instability and Economic Growth

OpenAIRE

Alberto Alesina; Sule Ozler; Nouriel Roubini; Phillip Swagel

1992-01-01

This paper investigates the relationship between political instability and per capita GDP growth in a sample of 113 countries for the period 1950-1982. We define ?political instability? as the propensity of a government collapse, and we estimate a model in which political instability and economic growth are jointly determined. The main result of this paper is that in countries and time periods with a high propensity of government collapse, growth is significantly lower than otherwise. This ef...

Economic Growth, Climate Change, and Obesity.

Science.gov (United States)

Minos, Dimitrios; Butzlaff, Iris; Demmler, Kathrin Maria; Rischke, Ramona

2016-12-01

Human and planetary health as well as economic growth are firmly interlinked and subject to complex interaction effects. In this paper, we provide an overview of interlinkages between economic growth, climate change, and obesity focusing on recent advances in the literature. In addition to empirical findings, we discuss different theoretical frameworks used to conceptualize these complex links and highlight policy options and challenges. We conclude that policies addressing both climate change and obesity simultaneously are particularly promising and often suitable for ensuring sustainable development.

Business regulation and economic growth in the Western Balkan countries

Directory of Open Access Journals (Sweden)

Engjell PERE

2013-06-01

Full Text Available Actually economic policies in many countries aimed to stimulate their economic growth, particularly after negative impact of the global economic crisis. In this regards, fiscal regulation are an important aspect of those policies, that can promote or obstacle the economic growth in general. In this point of view this paper aims to analyze the system of administration rules in different Western Balkans Countries, (which includes Albania, Bosnia & Herzegovina, Croatia, Kosovo, Macedonia (FYROM, Montenegro and Serbia. Moreover, a special attention is given investigation of the regulation and administrative facilitation aspects of doing business in the above-mentioned countries, whether this system stimulates, or not, the development of private business and economic growth.The paper is divided into three main sections. The first part provides a retrospective of economic growth in the Western Balkan countries and the dependence of this growth on global economic development. The second part proceeds with the investigations of the impact of administrative regulation on economic growth. The third part, based on an econometric model, will analyze the correlation between economic growth and elaborated indicators which present the level of business administrative regulation system. Furthermore, this last section discusses the results and concludes. In this analysis, the paper is based substantially on the data base of "Doing Business 2013" (World Bank.

The Impact of Regional Disparities on Economic Growth

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Henryk Gurgul

2011-01-01

Full Text Available The authors investigated how economic growth affects the disparity in the distribution of regional income in Poland and vice versa. The research was based on annual data covering the period 2000-2009. In general, the research was divided into two main parts. First, the authors examined the evolution of the level of spatial inequalities in income in Poland over the last decade using the concepts of sigma and beta convergence. Next the nature of causal dependences was investigated between this inequality and economic growth. It was found that Polish regions did not converge with respect to the distribution of income as total GDP grew. The second part of the research provided evidence to claim that this inequality caused growth. Moreover, the evidence was also found that growth affected regional inequality. Finally, the authors noticed that the effects of both these factors were positive. The results suggest that as a consequence of rapid economic growth, some regions in Poland seized new opportunities, while less developed regions were unable to keep up with the challenging requirements of a decade of fast economic growth. (original abstract

Energy consumption and economic growth: Parametric and non-parametric causality testing for the case of Greece

International Nuclear Information System (INIS)

Dergiades, Theologos; Martinopoulos, Georgios; Tsoulfidis, Lefteris

2013-01-01

The objective of this paper is to contribute towards the understanding of the linear and non-linear causal linkages between energy consumption and economic activity, making use of annual time series data of Greece for the period 1960–2008. Two are the salient features of our study: first, the total energy consumption has been adjusted for qualitative differences among its constituent components through the thermodynamics of energy conversion. In doing so, we rule out the possibility of a misleading inference with respect to causality due to aggregation bias. Second, the investigation of the causal linkage between economic growth and the adjusted for quality total energy consumption is conducted within a non-linear context. Our empirical results reveal significant unidirectional both linear and non-linear causal linkages running from total useful energy to economic growth. These findings may provide valuable information for the contemplation of more effective energy policies with respect to both the consumption of energy and environmental protection. - Highlights: ► The energy consumption and economic growth nexus is investigated for Greece. ► A quality-adjusted energy series is used in our analysis. ► The causality testing procedure is conducted within a non-linear context. ► A causality running from energy consumption to economic growth is verified

Greenhouse Gas Emissions, Energy Consumption and Economic Growth: A Panel Cointegration Analysis for 16 Asian Countries.

Science.gov (United States)

Lu, Wen-Cheng

2017-11-22

This research investigates the co-movement and causality relationships between greenhouse gas emissions, energy consumption and economic growth for 16 Asian countries over the period 1990-2012. The empirical findings suggest that in the long run, bidirectional Granger causality between energy consumption, GDP and greenhouse gas emissions and between GDP, greenhouse gas emissions and energy consumption is established. A non-linear, quadratic relationship is revealed between greenhouse gas emissions, energy consumption and economic growth, consistent with the environmental Kuznets curve for these 16 Asian countries and a subsample of the Asian new industrial economy. Short-run relationships are regionally specific across the Asian continent. From the viewpoint of energy policy in Asia, various governments support low-carbon or renewable energy use and are reducing fossil fuel combustion to sustain economic growth, but in some countries, evidence suggests that energy conservation might only be marginal.

Greenhouse Gas Emissions, Energy Consumption and Economic Growth: A Panel Cointegration Analysis for 16 Asian Countries

Science.gov (United States)

2017-01-01

This research investigates the co-movement and causality relationships between greenhouse gas emissions, energy consumption and economic growth for 16 Asian countries over the period 1990–2012. The empirical findings suggest that in the long run, bidirectional Granger causality between energy consumption, GDP and greenhouse gas emissions and between GDP, greenhouse gas emissions and energy consumption is established. A non-linear, quadratic relationship is revealed between greenhouse gas emissions, energy consumption and economic growth, consistent with the environmental Kuznets curve for these 16 Asian countries and a subsample of the Asian new industrial economy. Short-run relationships are regionally specific across the Asian continent. From the viewpoint of energy policy in Asia, various governments support low-carbon or renewable energy use and are reducing fossil fuel combustion to sustain economic growth, but in some countries, evidence suggests that energy conservation might only be marginal. PMID:29165399

Greenhouse Gas Emissions, Energy Consumption and Economic Growth: A Panel Cointegration Analysis for 16 Asian Countries

Directory of Open Access Journals (Sweden)

Wen-Cheng Lu

2017-11-01

Full Text Available This research investigates the co-movement and causality relationships between greenhouse gas emissions, energy consumption and economic growth for 16 Asian countries over the period 1990–2012. The empirical findings suggest that in the long run, bidirectional Granger causality between energy consumption, GDP and greenhouse gas emissions and between GDP, greenhouse gas emissions and energy consumption is established. A non-linear, quadratic relationship is revealed between greenhouse gas emissions, energy consumption and economic growth, consistent with the environmental Kuznets curve for these 16 Asian countries and a subsample of the Asian new industrial economy. Short-run relationships are regionally specific across the Asian continent. From the viewpoint of energy policy in Asia, various governments support low-carbon or renewable energy use and are reducing fossil fuel combustion to sustain economic growth, but in some countries, evidence suggests that energy conservation might only be marginal.

Poverty and Economic Growth in Swaziland: An Empirical Investigation

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Angelique G. Nindi

2015-03-01

Full Text Available This paper examines the causal relationship between poverty reduction and economic growth in Swaziland during the period 1980–2011. Unlike some of the previous studies, the current study uses the newly developed ARDL-bounds testing approach to co-integration, and the ECM-based Granger causality method to examine this linkage. The study also incorporates financial development as a third variable affecting both poverty reduction and economic growth – thereby leading to a trivariate model. The results of this study show that economic growth does not Granger cause poverty reduction in Swaziland – either in the short run or in the long run. Instead, the study finds a causal flow from poverty reduction to economic growth in the short run. These findings, however, are not surprising, given the high level of income inequality in Swaziland. Studies have shown that when the level of income inequality is too high, economic growth alone may not necessarily lead to poverty reduction.

Shocks in economic growth=shocking effects for food security?

NARCIS (Netherlands)

Kavallari, A.; Fellmann, T.; Hubertus Gay, H.

2014-01-01

The recent economic and financial turmoil raises the question on how global economic growth affects agricultural commodity markets and, hence, food security. To address this question, this paper assesses the potential impacts of faster economic growth in developed and emerging economies on the one

Local Decentralisation and Economic Growth in Nigeria

Directory of Open Access Journals (Sweden)

Hammed Adetola Adefeso

2014-06-01

Full Text Available The current global drive towards devolution of financial resources and responsibilities has been increasingly justified on the basis that greater transfers of these financial resources and responsibilities to sub-central governments are theoretically expected to deliver greater economic efficiency in the provision of public goods and services and hence greater economic growth. There is a mixed result on these theoretical expectations across earlier empirical literatures. Using the instrumental variables (IV technique of analysis with the recent data from Nigeria for the period 1970-2013, this study found no robust significant effect of the decentralisation of spending or revenue on growth of real GDP per capital in Nigeria. The implication of this to the policy makers is that when it comes to the determinants of improved economic activities, decentralisation either fiscal expenditure or revenue side would not be instrumental to economic growth possibly because of existence of endemic corruption among politicians in Nigeria.

Crisis in the habitat of the economic growth monster

DEFF Research Database (Denmark)

Urhammer, Emil

2014-01-01

This article is inspired by empirical philosophy and provides an analysis of economic growth as a monster that circulates within collectives. Using this approach, I illustrate how economic growth has participated in shaping institutions and language, thus having necessitated its own circulation...... to such an extent that it has become the most prioritised economic policy objective, whereas urgent issues regarding living conditions on Earth are either ignored or treated as secondary priorities. Further, I argue that noble attempts to contest economic growth contribute to the circulation of the monster...

Financial Intermediaries and Economic Growth: The Nigerian Evidence

Directory of Open Access Journals (Sweden)

Oba Efayena

2014-06-01

Full Text Available This study seeks to examine the role of financial intermediaries and to find out whether financial intermediaries impact on economic growth in Nigeria. The study adopts the Harrod-Domar growth model which states that economic growth will proceed at the rate which society can mobilize domestic savings resources coupled with the productivity of the investment. The study employed the use of secondary data for the period 1981 to 2011 which were sourced from the CBN statistical bulletin. Nigerian banks being the dominant financial intermediaries, loans credits and advances from banks were used as proxy for the independent variable. Gross domestic product (GDP was used as proxy for economic growth. Using the technique of correlation analysis in determining the association between loan credits and advances, and the GDP, the study reveals a relatively high positive correlation between financial intermediaries and economic growth in the Nigerian economy. The study recommends that Nigerian banks should lend higher proportion of their loanable funds to small and medium enterprises (SMEs and should invest in information technology and human capital.

FISCAL POLICY'S INFLUENCE ON ECONOMIC GROWTH IN THE EUROPEAN UNION

OpenAIRE

MIHAIU Diana Marieta; OPREANA Alin

2012-01-01

In this paper we study the impact of the fiscal policy on the economic growth for European Union, for the period 2000-2009. This subject represents a very debated problem in the economic literature. Our findings shows that, from the analysis of correlation between economic growth rate and total rate of taxation, there is generally an inverse relationship, meaning that an increase in the tax rate adversely affects economic growth. Continuing the analysis of the correlation between economic gro...

Exploring economic structure and drivers of economic growth in Botswana

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Patricia Lindelwa Makoni

2015-12-01

Full Text Available This article set out to analyse the economic structure and main economic drivers in Botswana. Botswana, a country in sub-Saharan Africa, is a relatively small economy, hugely dependent on its diamond mineral wealth. Concerns have arisen in recent years that the diamond deposits will soon be depleted and the country therefore needs to embark on a diversification programme to broaden its economic base. In order to understand the Botswana economy, its economic structure and current domestic sectorial performance were evaluated, as well as its trends in imports and exports. An analysis of the data shows that, regardless of the awareness of the sensitivity to external shocks of commodity prices, as well as the obvious future depletion of diamond reserves, the Botswana economy continues to rely on diamonds, at the expense of attracting international capital flows to enhance and maintain sustainable economic growth, through investments in agriculture, manufacturing and tourism. It is therefore recommended that the Government of Botswana becomes proactive and implements recommended policies to diversify its economy, so that it can sustain or improve its economic growth by becoming a prime destination of international capital and domestic private sector investment, thereby increasing employment and trade opportunities.

Environmental economics. 4. rev. and enl. ed.

International Nuclear Information System (INIS)

Wicke, L.

1993-01-01

This textbook is intended to reveal and explain the most important issues in environmental economics, a) on the basis of a systematic breakdown of the whole field of environmental economics, and b) with the aid of numerous examples taken from practical environmental policy. The material presented in this book has been grouped according to various subjects as, e.g., instruments of environmental policy, effects of pollution control measures on the economy, etc. The conclusions drawn by the author as a result of his study can be summarized in the following general statement: Democratic states with a free economic system corresponding to the social market economy of the FRG for instance are well endowed with the prerequisites for successfully tackling environmental problems, both in terms of financial and regulatory policy- and experience has already shown that the approach adopted is a practicable and promising one. However, there could be much more success along this line of the political instruments were given greater impetas and impact, and if the regulatory instruments were designed so as to gain more effectiveness. (orig.) [de

Review of capital investment in economic growth cycle

Science.gov (United States)

Shaffie, Siti Salihah; Jaaman, Saiful Hafizah; Mohamad, Daud

2016-11-01

The study of linkages of macroeconomics factors is prominent in order to understand how the economic cycle affects one another. These factors include interest rate, growth rate, saving and capital investment which are mutually correlated to stabilize the GDP. Part of this study, it will look upon the impact of investment which emphasize the efficiency of capital investment to the economic growth. Capital investment is one investment appraisal that gives impact to the economic growth. It is a long term investment and involve with large amount of capital to incorporate the development of private and public capital investment.

Do economic, financial and institutional developments matter for environmental degradation? Evidence from transitional economies

Energy Technology Data Exchange (ETDEWEB)

Tamazian, Artur [School of Economics and Business Administration, University of Santiago de Compostela (Spain); Bhaskara Rao, B. [School of Economics and Finance, University of Western Sydney, Sydney (Australia)

2010-01-15

Several studies have examined the relationship between environmental degradation and economic growth. However, most of them did not take into account financial developments and institutional quality. Moreover, Stern [Stern, D., 2004. The rise and fall of the environmental Kuznets curve. World Development 32(8): 1419-1439.] noted that there are important econometric weaknesses in the earlier studies, such as endogeneity, heteroscedasticity, omitted variables, etc. The purpose of this paper is to fill this gap in the literature by investigating the linkage between not only economic development and environmental quality but also financial development and institutional quality. We employ the standard reduced-form modelling approach to control for country-specific unobserved heterogeneity and GMM estimation to control for endogeneity. Our study considers 24 transition economies and panel data for 1993-2004. Our results support the EKC hypothesis while confirming the importance of both institutional quality and financial development for environmental performance. We also found that financial liberalization may be harmful for environmental quality if it is not accomplished in a strong institutional framework. (author)

Economic approach of the environment and environmental conservation

International Nuclear Information System (INIS)

Verbruggen, A.

2008-01-01

This book takes the non-economist by the hand in a step-by-step economic approach of environmental issues and how to handle them. Two chapters provide an introduction to the concepts of the economy, chapter six in decision theory. In the first chapter, the economist discovers a broader vision by testing the economic approach to insights from other disciplines. Chapter 4 explains how economic reasoning can contribute tot environmental protection in practice. The consideration of the costs and benefits of environmental protection indicates objectives that must be pursued for the community. The conflict between private and public interest forces policy makers to get and maintain the numerous polluters focused on environmental protection. Suitable instruments are discussed in chapter five, including criteria for choice and an in-depth study of the economic instruments levies and tradable emission permits. The EU Emission trading Scheme is used as reference. [mk] [nl

BANKING SECTOR DEVELOPMENT AND ECONOMIC GROWTH INPALESTINE; 1995-2014

Directory of Open Access Journals (Sweden)

Gaber H. Abugamea

2016-07-01

Full Text Available This study uses both OLS regression estimation and Granger Causality test toinvestigate the relationship between the banking sector development andeconomic growth in Palestine over the period 1995-2014.OLS results show asignificant impact of banking size with a negative sign, insignificant impact ofcredit lending with a marginal one for lag credit andinsignificant impact ofefficiency on economic growth, respectively.Granger Causality testresultsshowone way causality runningfrom banking size to(GDPeconomic growthandfrom banking efficiency to(GDP per capitaeconomic growth one. Overall resultsreveals a weak nexus between banking sector development and economic growth.In specific, it recommends more improving in banking lending policy to beeffective in promoting economic growth.

Does Foreign Direct Investment Affect Green Growth? Evidence from China’s Experience

Directory of Open Access Journals (Sweden)

Shujing Yue

2016-02-01

Full Text Available Foreign Direct Investment (FDI not only affects the economic growth but also affects the environmental protection of the host country. With China’s background of pursuing green growth, we need to consider the performance of FDI from the economic and environmental benefit aspects. On this basis, using slacks-based measure directional distance function (SBMDDF to build up green growth efficiency, economic efficiency and environmental efficiency indexes, empirical research on FDI in 104 Chinese cities from 2004 to 2011 has shown that: (1 Different cities have differences in their green growth efficiency. Shenzhen city is always efficient in green economic growth. (2 Overall, FDI is positive on Chinese cities’ green growth. (3 When the green growth efficiency is broken down into economic efficiency and environmental efficiency, FDI promotes China’s economic green growth through both environmental benefits and economic benefits. (4 The effect of FDI differs in different sectors. FDI in the emission-intensive sector promotes green efficiency mainly through the improvement of economic efficiency. FDI in the non-emission-intensive sector promotes economic efficiency, environmental efficiency and green efficiency.

Does Economic Growth Reduce Childhood Undernutrition in Ethiopia?

Science.gov (United States)

Biadgilign, Sibhatu; Shumetie, Arega; Yesigat, Habtamu

2016-01-01

Policy discussions and debates in the last couple of decades emphasized efficiency of development policies for translating economic growth to development. One of the key aspects in this regard in the developing world is achieving improved nutrition through economic development. Nonetheless, there is a dearth of literature that empirically verifies the association between economic growth and reduction of childhood undernutrition in low- and middle-income countries. Thus, the aim of the study is to assess the interplay between economic growth and reduction of childhood undernutrition in Ethiopia. The study used pooled data of three rounds (2000, 2005 and 2010) from the Demographic and Health Surveys (DHS) of Ethiopia. A multilevel mixed logistic regression model with robust standard errors was utilized in order to account for the hierarchical nature of the data. The dependent variables were stunting, underweight, and wasting in children in the household. The main independent variable was real per capita income (PCI) that was adjusted for purchasing power parity. This information was obtained from World Bank. A total of 32,610 children were included in the pooled analysis. Overall, 11,296 (46.7%) [46.0%-47.3%], 8,197(33.8%) [33.2%-34.4%] and 3,175(13.1%) [12.7%-13.5%] were stunted, underweight, and wasted, respectively. We found a strong correlation between prevalence of early childhood undernutrition outcomes and real per capita income (PCI). The proportions of stunting (r = -0.1207, peconomic growth substantially reduced stunting [β = -0.0016, SE = 0.00013, pEconomic growth reduces child undernutrition in Ethiopia. This verifies the fact that the economic growth of the country accompanied with socio-economic development and improvement of the livelihood of the poor. Direct nutrition specific and nutrition sensitive interventions could also be recommended in order to have an impact on the massive reduction of childhood undernutrition in the country.

Energy consumption, political regime and economic growth in sub-Saharan Africa

International Nuclear Information System (INIS)

Adams, Samuel; Klobodu, Edem Kwame Mensah; Opoku, Eric Evans Osei

2016-01-01

In this paper, we examine the relationship between energy consumption and economic growth, and how democracy moderates this relationship using panel data of 16 sub-Saharan African (SSA) countries for the period 1971–2013. Employing a panel vector autoregressive model (PVAR) in a generalized method of moments (GMM) framework, the findings support the feedback hypothesis for energy consumption and growth. Second, the interaction variable (energy consumption and democracy) is positively and significantly related to economic growth, supporting the view that democracy moderates the energy consumption and growth nexus. Further, the results provide strong evidence of a uni-directional relationship from trade openness to energy consumption. Additionally, impulse responses and variance decompositions also confirm positive feedback relationships between energy consumption and economic growth, energy prices and economic growth. - Highlights: •Feedback exists between energy consumption and economic growth. •Democracy moderates the energy consumption and growth nexus. •positive feedback between energy prices and economic growth. •Uni-directional relationship from openness to energy consumption.

Developing Green GDP Accounting for Thai Agricultural Sector Using the Economic Input Output - Life Cycle Assessment to Assess Green Growth

OpenAIRE

Attavanich, Witsanu; Mungkung, Rattanawan; Mahathanaseth, Itthipong; Sanglestsawai, Santi; Jirajari, Athiwatr

2016-01-01

There is no indicator measuring Thailand’s green growth by valuing the resource degradation and environmental damage costs. This article aims to estimate Thailand’s green gross domestic (GDP) that takes into account environmental damage costs with the detailed analysis on the agricultural sector using the Economic Input Output - Life Cycle Assessment (EIO-LCA) approach. The representative product in each sector was selected based on the available life cycle inventory data, economic values and...

Investigating Causality Between Agricultural and Economic Growth in Iran

Directory of Open Access Journals (Sweden)

A. Falsafian

2010-10-01

Full Text Available Although rate of economic growth is not the only way to measure economic development, it is relatively more important than the other indices. Agriculture sector plays the main role on economic growth and sustainable development. In addition, it has significant impact on most social, political and economic issues by producing strategic food products for ever-increasing population. Therefore, the present study investigated causal relationship between agricultural and economic growth in Iran. To this end, the Granjer’s causality test was used after employing the Augmented Dicky-Fuller test to see if the variables under consideration are stationary. The result showed that there is a long learn feedback relationship between these variables and agricultural developments.

An Accounting Method for Economic Growth

OpenAIRE

Hongchun Zhao

2012-01-01

As Chari et al. (2007) indicate, many growth theories explaining frictions in real economies are equivalent to a competitive economy, with some exogenous taxes. Using this idea, I developed an accounting method for identifying fundamental causes of economic growth. A two-sector neoclassical growth model with taxes is used as a prototype economy, and its equilibrium conditions define wedges. These wedges endogenously determine the long run growth rate, which is exogenous and not correlated wit...

Stringency of environmental regulation and aquaculture growth

DEFF Research Database (Denmark)

Gedefaw Abate, Tenaw; Nielsen, Rasmus; Tveterås, Ragnar

2016-01-01

remarkable growth in aquaculture while others have stagnated or even declined have not been determined. In this article, we investigate whether environmental regulations have an impact on aquaculture growth. Using a cross-country regression analysis, we show that stringent environmental regulations......During the last three decades, aquaculture has been the fastest growing animal-food-producing sector in the world, accounting for half of the present seafood supply. However, there is a significant growth disparity among aquaculture-producing countries. The reasons why some countries have achieved...... are negatively related to aquaculture growth, whereas GDP growth has a positive effect. Countries often face a difficult balancing act between growth and environmental considerations when devising regulations. Our empirical results suggest that stricter environmental regulations in developed countries have...

Stock Market and Sustainable Economic Growth in Nigeria

Directory of Open Access Journals (Sweden)

Erasmus L Owusu

2016-11-01

Full Text Available This paper examines the relationship between stock market evolution and sustainable economic growth in Nigeria. The study employs Auto-Regressive Distributed Lag (ARDL-bounds testing approach and a combined stock market indicators index to examine the relationship. The paper finds that, in the long run, stock markets have no positive and at best mixed effect on economic growth in Nigeria. This finding supports the numerous past studies, which have reported negative/mixed or inconclusive results on the effects of stock markets on economic growth. The paper, therefore, concludes that, there is the need for increasing financial deepening and the removal of bottlenecks in the financial sectors of the economy by providing further public and institutional education on the value of stock markets for economic development.

HOW TO SUSTAIN ECONOMIC PERFORMANCE? ECONOMIC GROWTH AND ITS IMPACT FACTORS

Directory of Open Access Journals (Sweden)

OANA SIMONA HUDEA (CARAMAN

2012-05-01

Full Text Available This paper intends to render several important factors of impact on economic growth and to describe the particular types of relationships of the latter with each one of its influencing elements. In order to correctly determine such issue, we have resorted to three carefully selected models that have been estimated and compared so as to identify the most adequate and representative regression. For this purpose we have performed an analysis based on cross-section annual data for 105 countries spread all over the world. After having tested and rejected certain exogenous variables initially considered, such as imports or exports, we have finally retained the external debt and foreign direct investments as explanatory items of the dependent variable. The results revealed that both of them positively affect the gross domestic product of the analysed countries, this one being inelastic in relation to the exogenous variables considered. Even if the relationship between the economic growth and the external debt of a country is usually negative, as the money exit out of the country due to the debt service causes non-achieved potential investments, yet, there is an inflexion point up to which the external debt has a positive influence on economic growth by the increase of the investments funds acquired as result of the external credit contracting, this being the case reflected by our study. As for the relationship existing between foreign direct investments and GDP, the economic theory confirms that FDI and economic growth are directly correlated, the former contributing to technical progress, production increase and, finally, to the improvement of the living standard.

Outward foreign direct investments and home country's economic growth

Science.gov (United States)

Ciesielska, Dorota; Kołtuniak, Marcin

2017-09-01

The study examines the time stability of the causality direction and cross-correlations between the home country's economic growth and pace of growth of its outward foreign direct investment (OFDI) stocks within the complex system of the Polish national economy. The research has been performed in order to verify, using both the time and frequency domains time series analyses, if economic agents' long term decisions on outward foreign direct investments, leading to cross-border value chains and production fragmentation processes, are of adaptive or predictive character. Consequently, the aim was to check if the home country's economic growth leads the internationalization processes of domestic enterprises, which stays in line with Dunning's Investment Development Path (IDP) paradigm, or if these complex processes, thanks to entrepreneurs' ability to formulate relevant rational expectations, precede the home country's economic growth, which would be supported with the introduction of the policy on reinforcing the internationalization processes of domestic enterprises. The presence of the unidirectional economic growth-led internationalization, consistent with the IDP concept's base assumptions, has been ascertained by the results of the short term Granger causality tests. Nevertheless, the results of the wavelet analyses, supported with the results of the econometric block exogeneity long term causality Wald tests, have revealed that in the long term the OFDI stocks' growth permanently precedes the home country's economic growth, which stays in the unequivocal contrast with the IDP paradigm's premises, as well as with the indicated above short term Granger causality tests' outcomes and indicates that economic agents' choices are not strictly of adaptive but also of predictive character, which influences the current state of knowledge on economic complex systems' characteristics. Such a result is of a great importance in the light of the existence of the significant

Export Specialisation and Local Economic Growth

NARCIS (Netherlands)

Naude, Wim; Bosker, Maarten; Matthee, Marianne

This paper aims to provide empirical evidence on whether export specialization or diversification is better for local economic growth. Using export data from 354 magisterial districts of South Africa for 1996 and 2001 we estimate spatial growth regressions that include measures of the degree of

Energy and economic development (environmental implications)

International Nuclear Information System (INIS)

Zorzoli, G.B.

1992-01-01

An examination, for developed countries, of significant correlations among economic growth, electric energy intensity and elasticity, per capita values of gross national product and greenhouse gas emissions, indicates notable possibilities for a healthier global environment with increased world-wide diffusion of clean and rational energy use technologies coupled with substantial economic growth. This scenario, however, is contrasted by worrisome doubts as to the chances for a successful outcome of recently proposed tenable growth policies when it is pointed out that forecasts, based on current demographic trends, call for a doubling of the world population in the near future. The foreseen unrestrained population explosion, leading to an unprecedented proliferation in the use of fossil fuels, now appears to represent the most serious threat to the global environment

Reduced Deforestation and Economic Growth

OpenAIRE

Patrick Doupe

2014-01-01

The clearing of forests for agricultural land and other marketable purposes is a well-trodden path of economic development. With these private benefits from deforestation come external costs: emissions from deforestation currently account for 12 per cent of global carbon emissions. A widespread intervention in reducing emissions from deforestation will affect the paths of agricultural expansion and economic growth of lower income nations. To investigate these processes, this paper presents a ...

Global Integration, Non-Oil Export and Economic Growth in Nigeria

Directory of Open Access Journals (Sweden)

Ozoemena Stanley Nwodo

2017-03-01

Full Text Available This study focuses on global integration, non-oil export and economic growth in Nigeria. The direct and interaction effect of the both openness variables and non-oil export on economic growth in Nigeria is investigated using quarterly data from 1986-2014. For analysis, it uses one measures of financial openness: de facto (total capital flow variables following Aizenman and Noy (2009.and a measure of trade openness adopted by Okoh (2004. The study applies the Autoregressive Distributed Lag Model (ARDL. The results show positive impact of non-oil export on economic growth in Nigeria both in the short run and in the long run, negative effect of trade and financial openness on economic growth however, the result recorded a negative effect of the interaction of trade openness and non-oil export on economic growth and a positive effect of the interaction of financial openness and non-oil export on economic growth. Thus, the study recommends among others that government should get the fundamentals right in the economy first that will boost non-oil sector before opening the economy for trade.

The dynamics of oil consumption and economic growth in Malaysia

International Nuclear Information System (INIS)

Park, Sun-Young; Yoo, Seung-Hoon

2014-01-01

This study attemps to investiagte the causal relationship between oil consumption and economic growth in Malaysia where oil consumption and real gross domestic product have been rapidly increased in recent years. To this end, the study employs annual data covering the period 1965–2011. Tests for unit roots, co-integration, and Granger-causality based on the error-correction models are presented. The overall results support the existence of bi-directional causality between oil consumption and economic growth in Malaysia. This means that an increase in oil consumption directly affect economic growth. Thus, in order not to make an adverse effect on economic growth, Malaysia should endeavor to overcome the constraints on oil consumption. Moreover, it appears that economic growth induces oil consumption. - Highlights: • We examine the causality between oil consumption and economic growth in Malaysia. • We employed the annual data covering the period 1965–2011. • We estimated error-correction models to test for the direction of causality. • We found that there is bi-directional causality between the two

Analysis of the relationship between economic growth and industrial pollution in Zaozhuang, China-based on the hypothesis of the environmental Kuznets curve.

Science.gov (United States)

Liu, Xiao-Hui; Wang, Wei-Liang; Lu, Shao-Yong; Wang, Yu-Fan; Ren, Zongming

2016-08-01

In Zaozhuang, economic development affects the discharge amount of industrial wastewater, chemical oxygen demand (COD), and ammonia nitrogen (NH3-N). To reveal the trend of water environmental quality related to the economy in Zaozhuang, this paper simulated the relationships between industrial wastewater discharge, COD, NH3-N load, and gross domestic product (GDP) per capita for Zaozhuang (2002-2012) using environmental Kuznets curve (EKC) models. The results showed that the added value of industrial GDP, the per capita GDP, and wastewater emission had average annual growth rates of 16.62, 16.19, and 17.89 %, respectively, from 2002 to 2012, while COD and NH3-N emission in 2012, compared with 2002, showed average annual decreases of 10.70 and 31.12 %, respectively. The export of EKC models revealed that industrial wastewater discharge had a typical inverted-U-shaped relationship with per capita GDP. However, both COD and NH3-N showed the binding curve of the left side of the "U" curve and left side U-shaped curve. The economy in Zaozhuang had been at the "fast-growing" stage, with low environmental pollution according to the industrial pollution level. In recent years, Zaozhuang has abated these heavy-pollution industries emphatically, so pollutants have been greatly reduced. Thus, Zaozhuang industrial wastewater treatment has been quite effective, with water quality improved significantly. The EKC models provided scientific evidence for estimating industrial wastewater discharge, COD, and NH3-N load as well as their changeable trends for Zaozhuang from an economic perspective.

Administrative and economic tools of environmental protection

OpenAIRE

Staničová, Anna

2010-01-01

This diploma thesis deals with administrative and economic instruments of environmental protection, which represent the most important groups of instruments of environmental protection. Administrative and economic instruments are means and methods that affect human behavior in relation to environment. The thesis is systematically divided into two main parts and each of them is subdivided into chapters and subchapters. The first part of the thesis is focused generally and provides overview of ...

Environmental economics of lignin derived transport fuels

OpenAIRE

Obydenkova, SV; Kouris, P Panagiotis; Hensen, EJM Emiel; Heeres, Hero J; Boot, MD Michael

2017-01-01

This paper explores the environmental and economic aspects of fast pyrolytic conversion of lignin, obtained from 2G ethanol plants, to transport fuels for both the marine and automotive markets. Various scenarios are explored, pertaining to aggregation of lignin from several sites, alternative energy carries to replace lignin, transport modalities, and allocation methodology. The results highlight two critical factors that ultimately determine the economic and/or environmental fuel viability....

Is growth bad for the environment? Pollution, abatement and endogenous growth

NARCIS (Netherlands)

J.G.M. van Marrewijk (Charles); F. van der Ploeg (Ploeg); J.B.L.M. Verbeek (Jos)

1993-01-01

textabstractRecentiy, the importance of environmental and economic "win-win" situations has been stressed, indicating that care of the environment requires economic growth, while economic growth in turn cannot take place without taking proper care of the environment. We generalize a popular

Transport Infrastructure and Economic Growth: Spatial Effects

Directory of Open Access Journals (Sweden)

Artyom Gennadyevich Isaev

2015-09-01

Full Text Available The author specifies an empirical framework of neoclassical growth model in order to examine impact of transport infrastructure on economic growth in Russian regions during period of 2000-2013. Two different effects of infrastructure are considered. First, infrastructure is viewed as part of region’s own production function. Second, infrastructure generates spillover effect on adjacent regions’ economic performance which can be negative or positive. Results imply that road infrastructure has a positive influence on regional growth, but sign of railroad infrastructure coefficient depends on whether or not congestion effect is considered. Negative spillover effect is shown to exist in the case of road infrastructure. This apparently means that rapid road infrastructure development in some regions moves mobile factors of production away from adjacent regions retarding their economic development. The spillover effect of railroad infrastructure is significant and negative again only if congestion effect is considered. The results of estimation for the Far East and Baikal Regions separately demonstrate no significant effect of both types of infrastructure for economic performance and negative spillover effect of road infrastructure

Nation Building as a Determinent of Economic Growth

Science.gov (United States)

2010-05-18

Consortium for Political and Social Reserch (2007). Mankiw , N. Gregory, David Romer, and David N. Weil. “A Contribution to the Empirics of Economic Growth...Determinent of Economic Growth 5b. GRANT NUMBER 5c. PROGRAM ELEMENT NUMBER 6 . AUTHOR(S) 5d. PROJECT NUMBER Creasey. Ellyn Ann 5e. TASK NUMBER 51...J ss istance and econom ic aid impact the development process. The primary resu lts suggest a 1% increase in spending on nation building result s

HEALTH, EDUCATION AND ECONOMIC GROWTH IN MALAYSIA

OpenAIRE

Rahmah Ismaila and Doris Padmini Selvaratnamb

1999-01-01

Human capital is vital for the development of a country. Investment in human capital ranges from basic needs expenditure to education and health provision. Economic growth is often used to measure the progress and development of a country. Today other indicators are used to emphasize physical quality of life, for example, education, health and basic needs provision. Using a simultaneous equation model, this paper estimates the relationship between economic growth and human capital variables i...

Economic growth of the United States: perspective and prospective. [Monograph

Energy Technology Data Exchange (ETDEWEB)

Fabricant, S

1979-01-01

A post-World War II analysis of the potential for US economic expansion projects a continuation of the basic social and economic expectations and international relations and of the upward trend of labor input, labor productivity, and national output. How economic growth of the future will differ as a result of global changes in population and resources is examined in the context of other national objectives. The rapid increase in labor productivity during the postwar period was taken in the form of income rather than leisure. This led to a growth of goods and real per capita income as well as higher standards of living, education, and economic stability. The implications for future growth indicate the need to slow the growth of the national product in line with the rate of population growth. The improved welfare of the people should be the overall goal of which economic growth is one component. 23 tables. (DCK)

Environmental Proactivity and Environmental and Economic Performance: Evidence from the Winery Sector

Directory of Open Access Journals (Sweden)

Virginia Barba-Sánchez

2016-10-01

Full Text Available Environmental sustainability in the winery sector is receiving increased attention from governments, environmental groups, and consumers. The aim of this study is to explore the relationship between the degree of proactivity of a firm’s environmental strategies and its business performance. The novelty of this research work lies in its definition of business performance, which includes business environmental performance in terms of reducing the firm’s environmental impacts and eco-efficiency in the use of resources such as water, energy, and raw materials, in addition to its economic performance. A model is proposed and tested using a sample of 312 Spanish wineries. Data were analysed using partial least squares path modelling (PLS-PM. The fitness and robustness of the structural model proved adequate. The results indicate positive correlation of environmental proactivity with economic and environmental performance. Although environmental proactivity improves business performance, it has a greater impact on reducing environmental impacts and improving eco-efficiency.

Electrification, economic growth and uranium power

International Nuclear Information System (INIS)

Starr, C.

1983-01-01

The worldwide growth of uranium power plant capacity is obviously dependent on both the growth of electrification and the competitive status of uranium power. In this paper the thesis is developed that expanded use of uranium power is essential to provide a substantial portion of the electricity necessary for world economic growth. Further, the case is made that the obstacles to this expansion arise not from the technology, but rather from the inadequacies of our industrial, political, and economic institutions to manage this new energy system effectively, nationally and internationally. Data are presented on the relation between electricity consumption and GNP; percentage of primary energy used for electricity; energy price ratio; relative generation costs of U, coal and oil-fired power plants; generating costs and capacity factors of conventional and uranium power plants. (U.K.)

[Impact of Phosphogypsum Wastes on the Wheat Growth and CO2 Emissions and Evaluation of Economic-environmental Benefit].

Science.gov (United States)

Li, Ji; Wu, Hong-sheng; Gao, Zhi-qiu; Shang, Xiao-xia; Zheng, Pei-hui; Yin, Jin; Kakpa, Didier; Ren, Qian-qi; Faustin, Ogou Katchele; Chen, Su-yun; Xu, Ya; Yao, Tong-yan; Ji, Wei; Qian, Jing-shan; Ma, Shi-jie

2015-08-01

Phosphogypsum is a phosphorus chemical waste which has not been managed and reused well, resultantly, causing environmental pollution and land-occupation. Phosphogypsum wastes were used as a soil amendment to assess the effect on wheat growth, yield and CO2 emissions from winter wheat fields. Its economic and environmental benefits were analyzed at the same time. The results showed that wheat yield was increased by 37.71% in the treatment of phosphogypsum of 2 100 kg x hm(-2). Compared with the control treatment, throughout the wheat growing season, CO2 emission was accumulatively reduced by 3% in the treatment of phosphogypsum waste of 1050 kg x hm(-2), while reduced by 8% , 10% , and 6% during the jointing stage, heading date and filling period of wheat, respectively; while CO2 emission was accumulatively reduced by 7% in the treatment of phosphogypsum waste of 2 100 kg x hm(-2) throughout the wheat growing season, as reduced by 11% , 4% , and 12% during the reviving wintering stage, heading date and filling period of wheat, respectively. It was better for CO2 emission reduction in the treatment of a larger amount of phosphogypsum waste. In the case of application of phosphogypsum waste residue within a certain range, the emission intensity of CO2 ( CO2 emissions of per unit of fresh weight or CO2 emissions of per unit of yield) , spike length, fresh weight and yield showed a significantly negative correlation--the longer the ear length, the greater fresh weight and yield and the lower the CO2 emissions intensity. As to the carbon trading, phosphogypsum utilization was of high economic and environmental benefits. Compared with the control, the ratio of input to output changed from 1: 8.3 to 1: 10.7, which in the same situation of investment the output could be increased by 28.92% ; phosphogypsum as a greenhouse gas reducing agent in the wheat field, it could decrease the cost and increase the environmental benefit totally about 290 yuan per unit of ton. The

A study on the relationship of environmental regulations and economic performances

Science.gov (United States)

Nisha, Jia; Chen, Shen

2017-11-01

This paper analyzes the mechanism transmission of environmental regulation affecting on economic performance from a new perspective. It shows that environmental regulations affect country’s economic performance through direct transmission and indirect transmission. Direct transmission means that environmental regulations affect economic performance from influencing corporation’s cost and revenue, and indirect transmission is that environmental regulations affect economic performance through leading to the increased effort of corporations in improving the quality of environment and building the image of fulfilling environmental responsibility.

Association between economic growth and injury mortality among seniors in Colombia.

Science.gov (United States)

Trujillo, Antonio J; Hyder, Adnan A; Ruiz, Fernando

2010-12-01

Injuries among seniors are recognised as an important public health problem not only in developed countries but also in middle-income countries. There is ample epidemiological literature that relates economic growth to the reduction of infectious and childhood diseases. Less evidence exists to document if economic growth alone is enough to reverse the increasing trends of injury mortality and morbidity among seniors in a middle-income country. To investigate the association between economic growth and injury deaths among older people in Colombia. Using data from Colombia, 1979-2006 (n=28), time-series models were used to ascertain if the variation over time in injury mortality among seniors is related to short-term oscillations in economic performance. Four empirical specifications usually used in the analysis of such data were implemented. Models were run by type of injury and gender. A negative but moderate effect of economic growth was found on injury deaths among older people. The reported elasticity was between -0.98 and -1.26. Men benefit from economic growth more than women. Economic growth seems to reduce traffic injuries, suicides and homicides. A positive association was also found between falls and growth in gross domestic product. The results indicate a non-homogeneous association between economic growth and injury deaths among seniors in Colombia. This association is usually stronger in a negative direction among children and younger adults. Although more research is needed to understand the causal relationship between economic growth and injury, the association found may suggest that economic growth may not be sufficient to reverse injury deaths among older people; therefore, additional health policies need to be in place to reduce mortality due to preventable injuries in seniors.

The impact of CO2 emissions on economic growth: evidence from selected higher CO2 emissions economies.

Science.gov (United States)

Azam, Muhammad; Khan, Abdul Qayyum; Bin Abdullah, Hussin; Qureshi, Muhammad Ejaz

2016-04-01

The main purpose of this work is to analyze the impact of environmental degradation proxied by CO2 emissions per capita along with some other explanatory variables namely energy use, trade, and human capital on economic growth in selected higher CO2 emissions economies namely China, the USA, India, and Japan. For empirical analysis, annual data over the period spanning between 1971 and 2013 are used. After using relevant and suitable tests for checking data properties, the panel fully modified ordinary least squares (FMOLS) method is employed as an analytical technique for parameter estimation. The panel group FMOLS results reveal that almost all variables are statistically significant, whereby test rejects the null hypotheses of non cointegration, demonstrating that all variables play an important role in affecting the economic growth role across countries. Where two regressors namely CO2 emissions and energy use show significantly negative impacts on economic growth, for trade and human capital, they tend to show the significantly positive impact on economic growth. However, for the individual analysis across countries, the panel estimate suggests that CO2 emissions have a significant positive relationship with economic growth for China, Japan, and the USA, while it is found significantly negative in case of India. The empirical findings of the study suggest that appropriate and prudent policies are required in order to control pollution emerging from areas other than liquefied fuel consumption. The ultimate impact of shrinking pollution will help in supporting sustainable economic growth and maturation as well as largely improve society welfare.

Re-investigating the electricity consumption and economic growth nexus in Portugal

International Nuclear Information System (INIS)

Tang, Chor Foon; Shahbaz, Muhammad; Arouri, Mohamed

2013-01-01

In the previous decades, a number of studies have been conducted to analyse the causal relationship between electricity consumption and economic growth in the Portuguese economy. However, the evidence remains controversial because the previous studies do not provide clear causality evidence. This might be attributed to the omitted variables bias because most previous studies only focus on the relationship between electricity consumption and economic growth in a bi-variate model. This paper attempts to re-investigate the relationship between electricity consumption and economic growth in Portugal using a multivariate model. Based on the bounds testing approach to cointegration and the Granger causality test within the vector error-correction model (VECM), our empirical results confirm the presence of cointegration among the variables. Moreover, there is evidence of bi-directional causality between electricity consumption and economic growth in the short- and long-run. This suggests that energy is an important source of economic growth in Portugal. Therefore, energy conservation policies should not be implemented because it would deteriorate the process of economic growth and development of the Portuguese economy. - Highlights: • Electricity consumption and economic growth series in Portugal are cointegrated. • There is evidence of feedback effects between the two variables. • Energy is an important source of economic growth in Portugal

Determinants of economic growth in BRIC countries

OpenAIRE

Rajjev K. Goel

2011-01-01

We study economic growth in four emerging economies - Brazil, Russia, India, and China (BRIC). Questions addressed are: (a) How do medium term growth determinants differ from short term determinants? (b) What are differences between growth effects of aggregate versus disaggregated exports? And (c) Does lower institutional quality hinder growth? Results show that while BRIC nations have higher growth, there are significant within-group differences. China and Russia mostly showed higher growth,...

Does inequality in health impede economic growth?

Science.gov (United States)

Grimm, Michael

2011-01-01

This paper investigates the effects of inequality in health on economic growth in low and middle income countries. The empirical part of the paper uses an original cross-national panel data set covering 62 low and middle income countries over the period 1985 to 2007. I find a substantial and relatively robust negative effect of health inequality on income levels and income growth controlling for life expectancy, country and time fixed-effects and a large number of other effects that have been shown to matter for growth. The effect also holds if health inequality is instrumented to circumvent a potential problem of reverse causality. Hence, reducing inequality in the access to health care and to health-related information can make a substantial contribution to economic growth.

Exchange-rate regimes and economic growth: An empirical evaluation

OpenAIRE

Simón Sosvilla-Rivero; María del Carmen Ramos-Herrera

2014-01-01

Based on a dataset of 123 economies, this paper empirically investigates the relation between exchange-rate regimes and economic growth. We find that growth performance is best under intermediate exchange rate regimes, while the smallest growth rates are associated with flexible exchange rates. Nevertheless, this conclusion is tempered when we analyze the countries by income level: even though countries that adopt intermediate exchange-rate regimes are characterized by higher economic growth,...

ICTs, Economic Growth and Poverty | IDRC - International ...

International Development Research Centre (IDRC) Digital Library (Canada)

ICTs, Economic Growth and Poverty ... new information and communication technologies (ICTs) as a lever for economic and social development. ... Socially equitable climate action is essential to strengthen the resilience of all people, without ...

The Heritage Business Industry: Mexico’s Opportunity for Economic Growth

Directory of Open Access Journals (Sweden)

Sandra L. López Varela

2017-07-01

Full Text Available The following discussion addresses the potential of developing a heritage business industry in Mexico for the purposes of economic growth. The discussion challenges Mexico’s reliance on tourism as a revenue stream in the context of high rates of violence and criminal activity, and examines its failure to promote its rich culture and history. Here, an alternative scenario is offered to create value from Mexico’s rich culture and history by introducing cultural resource management (CRM, an industry developed by private firms around the world, for the protection and management of cultural heritage in compliance with environmental and historical laws. In a context of international initiatives, mainly by the World Bank and the Inter-American Development Bank, this contribution identifies those key factors pressuring the Mexican government to introduce CRM in Mexico as well as alternative routes for financing heritage preservation. Mexico’s dependency on international institutions for economic growth will eventually introduce a definition of heritage beyond notions of old and pretty objects. If Mexico wants to bring significant revenue to its economy, the Mexican government is compelled to embrace a heritage definition involving the significance of place.

An Attempt to Assess the Quantitative Impact of Institutions on Economic Growth and Economic Development

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Próchniak Mariusz

2014-10-01

Full Text Available This study aims at assessing to what extent institutional environment is responsible for worldwide differences in economic growth and economic development. To answer this question, we use an innovative approach based on a new concept of the institutions-augmented Solow model which is then estimated empirically using regression equations. The analysis covers 180 countries during the 1993-2012 period. The empirical analysis confirms a large positive impact of the quality of institutional environment on the level of economic development. The positive link has been evidenced for all five institutional indicators: two indices of economic freedom (Heritage Foundation and Fraser Institute, the governance indicator (World Bank, the democracy index (Freedom House, and the EBRD transition indicator for post-socialist countries. Differences in physical capital, human capital, and institutional environment explain about 70-75% of the worldwide differences in economic development. The institutions-augmented Solow model, however, performs slightly poorer in explaining differences in the rates of economic growth: only one institutional variable (index of economic freedom has a statistically significant impact on economic growth. In terms of originality, this paper extends the theoretical analysis of the Solow model by including institutions, on the one hand, and shows a comprehensive empirical analysis of the impact of various institutional indicators on both the level of development and the pace of economic growth, on the other. The results bring important policy implications.

Financial development, uncertainty and economic growth

NARCIS (Netherlands)

Lensink, B.W.

By performing a cross-country growth regression for the 1970-1998 period this paper finds evidence for the fact that the impact of policy uncertainty on economic growth depends on the development of the financial sector. It appears that a higher level of financial development partly mitigates the

Assessment of eco-environmental quality of Western Taiwan Straits Economic Zone.

Science.gov (United States)

Ma, He; Shi, Longyu

2016-05-01

Regional eco-environmental quality is the key and foundation to the sustainable socio-economic development of a region. Eco-environmental quality assessment can reveal the capacity of sustainable socio-economic development in a region and the degree of coordination between social production and the living environment. As part of a new development strategy for Fujian Province, the Western Taiwan Straits Economic Zone (hereafter referred to as the Economic Zone) provides an important guarantee for the development of China's southeastern coastal area. Based on ecological and remote sensing data on the Economic Zone obtained in 2000, 2005, and 2010, this study investigated county-level administrative regions with a comprehensive index of eco-environmental indicators. An objective weighting method was used to determine the importance of each indicator. This led to the development of an indicator system to assess the eco-environmental quality of the economic zone. ArcGIS software was used to assess the eco-environmental quality of the economic zone based on each indicator. The eco-environmental quality index (EQI) of the county-level administrative regions was calculated. The overall eco-environmental quality of the Economic Zone during the period studied is described and analyzed. The results show that the overall eco-environmental quality of the Economic Zone is satisfactory, but significant intraregional differences still exist. The key to improving the overall eco-environmental quality of this area is to restore vegetation and preserve biodiversity.

Analyzing of economic growth based on electricity consumption from different sources

Science.gov (United States)

Maksimović, Goran; Milosavljević, Valentina; Ćirković, Bratislav; Milošević, Božidar; Jović, Srđan; Alizamir, Meysam

2017-10-01

Economic growth could be influenced by different factors. In this study was analyzed the economic growth based on the electricity consumption form different sources. As economic growth indicator gross domestic product (GDP) was used. ANFIS (adaptive neuro fuzzy inference system) methodology was applied to determine the most important factors from the given set for the GDP growth prediction. Six inputs were used: electricity production from coal, hydroelectric, natural gas, nuclear, oil and renewable sources. Results shown that the electricity consumption from renewable sources has the highest impact on the economic or GDP growth prediction.

Dynamic analysis of savings and economic growth in Nigeria ...

African Journals Online (AJOL)

Dynamic analysis of savings and economic growth in Nigeria. ... a trivariate dynamic Granger causality model with savings, economic growth and foreign ... It is recommended that in the short run, policies in Nigeria should be geared towards ...

Public Debt and Economic Growth in Malaysia

OpenAIRE

Siew-Peng Lee; Yan-Ling Ng

2015-01-01

Public debt in the Malaysia increased because of fiscal expansions. This study examines whether public debt contributed to the economic growth in Malaysia over the period 1991 to 2013. It also examines whether other indicators of debt burden, such as budget deficit, budget expenditure, and external debt service and government consumption, have an impact on economic growth. The results of this study are consistent with the existing literature that found a negative association between diet and ...

Research of Environmental and Economic Interactions of Coke And By-Product Process

Science.gov (United States)

Mikhailov, Vladimir; Kiseleva, Tamara; Bugrova, Svetlana; Muromtseva, Alina; Mikhailova, Yana

2017-11-01

The issues of showing relations between environmental and economic indicators (further - environmental and economic interactions) of coke and by-product process are considered in the article. The purpose of the study is to reveal the regularities of the functioning of the local environmental and economic system on the basis of revealed spectrum of environmental and economic interactions. A simplified scheme of the environmental and economic system "coke and by-product process - the environment" was developed. The forms of the investigated environmental-economic interactions were visualized and the selective interpretation of the tightness of the established connection was made. The main result of the work is modeling system of environmental and economic interactions that allows increasing the efficiency of local ecological and economic system management and optimizing the "interests" of an industrial enterprise - the source of negative impact on the environment. The results of the survey can be recommended to government authorities and industrial enterprises with a wide range of negative impact forms to support the adoption of effective management decisions aimed at sustainable environmental and economic development of the region or individual municipalities.

Using Wmatrix to Explore Discourse of Economic Growth

Science.gov (United States)

Hu, Chunyu

2015-01-01

Growth is a concept of particular interest for economic discourse. This paper sets out to explore a small corpus of economic growth, which consists of articles from "The Economist". The corpus software used in this study is a web-based tool Wmatrix, an automatic tagging software able to assign semantic field (domain) tags, and to permit…

A predictive analysis of CO2 emissions, environmental policy stringency, and economic growth in China.

Science.gov (United States)

Ahmed, Khalid; Ahmed, Sidrah

2018-03-28

This study takes environmental policy stringency and economic activity as the controlling variables and forecasts the CO 2 emissions in China up to 2022. In doing so, an application of corrected grey model with convolution is used over the annual time series data between 1990 and 2012. The simulation results show that (1) between 2012 and 2022, CO 2 emissions in China is expected to increase at an average rate of 17.46% annually, raising the emissions intensity from 7.04 in 2012 to 25.461 metric tons per capita by 2022; (2) stringent environmental policies reduce CO 2 emissions-whereas, GDP tends to increase the emissions intensity in China; (3) stringent environmental policies are found to have a negative impact on GDP in China. Based on the empirical findings, the study also provides some policy suggestions to reduce emissions intensity in China.

The economic growth enigma: Capital, labour and useful energy?

International Nuclear Information System (INIS)

Ayres, Robert; Voudouris, Vlasios

2014-01-01

We show that the application of flexible semi-parametric statistical techniques enables significant improvements in model fitting of macroeconomic models. As applied to the explanation of the past economic growth (since 1900) in US, UK and Japan, the new results demonstrate quite conclusively the non-linear relationships between capital, labour and useful energy with economic growth. They also indicate that output elasticities of capital, labour and useful energy are extremely variable over time. We suggest that these results confirm the economic intuition that growth since the industrial revolution has been driven largely by declining energy costs due to the discovery and exploitation of relatively inexpensive fossil fuel resources. Implications for the 21st century, which are also discussed briefly by exploring the implications of an ACEGES-based scenario of oil production, are as follows: (a) the provision of adequate and affordable quantities of useful energy as a pre-condition for economic growth and (b) the design of energy systems as ‘technology incubators’ for a prosperous 21st century. - Highlights: • Economic growth needs three factors of production. • We propose a semi-parametric generalised production function. • Exploitation of inexpensive fossil fuel resources has profound policy implications

Export and Economic Growth in the West Balkan Countries

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Florentina Xhelili Krasniqi

2017-09-01

Full Text Available The aim of this paper is to explore the effects of exports and other variables (foreign direct investment, remittances, capital formation, and labour force on economic growth in West Balkan countries (Albania, Kosovo, Macedonia, Montenegro, Bosnia and Herzegovina and Serbia. This study utilizes a strongly balanced panel data over the 2005-2015 period for Western Balkan countries using the ordinary least squares method (OLS, ie Pooled regression model to evaluate the parameters. The relationship between export and economic growth has turned to be statistically significant and positively related for the countries under the study. Results also indicate the statistically significant positive relationship between economic growth and other variables included in the model such is remittances, capital formation, and labor. The relationship between economic growth and foreign direct investment has turned out to be statistically insignificant and negatively related.

BRAZILIAN ECONOMIC GROWTH AND THE EMISSION OF CO2

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Cleyzer Adrian Cunha

2013-07-01

Full Text Available The objective of paper is verifying empirically the relationship between GDP per capita and CO2 emissions in Brazil in the period 1980-2006. The scope of work was limited to this natural resource due to its role in economic activity, as an important input in the production process in the Brazilian energy matrix. Among the main results is that there is a long-term relationship and simultaneous causality between variables and GDP per capita CO2 emissions. This evidence, coupled with the fact that the series used were not stationary in level, impossible to estimate the Environmental Kuznets Curve (EKC, which is the main theoretical basis used in empirical work related to the theme. The VAR / VEC has been estimated and found elasticity between economic growth and CO2 emission was 7.32, ie, in the long run, we can infer that an increase of 1% in GDP per capita increases by 7, 32% CO2 emissions.

A Panel Estimation of the Relationship Between Trade Liberalization, Economic Growth and CO2 Emissions in BRICS Countries

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Mehrara Mohsen

2013-12-01

Full Text Available In the last few years, several studies have found an inverted-U relationship between per capita income and environmental degradation. This relationship, known as the environmental Kuznets curve (EKC, suggests that environmental degradation increases in the early stages of growth, but it eventually decreases as income exceeds a threshold level. However, this paper investigation relationship between per capita CO2 emission, growth economics and trade liberalization based on econometric techniques of unit root test, co-integration and a panel data set during the period 1960-1996 for BRICS countries. Data properties were analyzed to determine their stationarity using the LLC , IPS , ADF and PP unit root tests which indicated that the series are I(1. We find a cointegration relationship between per capita CO2 emission, growth economics and trade liberalization by applying Kao panel cointegration test. The evidence indi\tcates that in the long-run trade liberalization has a positive significant impact on CO2 emissions and impact of trade liberalization on emissions growth depends on the level of income Our findings suggest that there is a quadratic relationship between relationship between real GDP and CO2 emissions for the region as a whole. The estimated long-run coefficients of real GDP and its square satisfy the EKC hypothesis in all of studied countries. Our estimation shows that the inflection point or optimal point real GDP per capita is about 5269.4 dollars. The results show that on average, sample countries are on the positive side of the inverted U curve. The turning points are very low in some cases and very high in other cases, hence providing poor evidence in support of the EKC hypothesis. Thus, our findings suggest that all BRICS countries need to sacrifice economic growth to decrease their emission levels

Renewable Resources, Capital Accumulation, and Economic Growth

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Wei-Bin Zhang

2011-01-01

Full Text Available This paper proposes a dynamic economic model with physical capital and renewable resources. Different from most of the neoclassical growth models with renewable resources which are based on microeconomic foundation and neglect physical capital accumulation, this study proposes a growth model with dynamics of renewable resources and physical capital accumulation. The model is a synthesis of the neoclassical growth theory and the traditional dynamic models of renewable resources with an alternative approach to household behavior. The model describes a dynamic interdependence among physical accumulation, resource change, and division of labor under perfect competition. Because of its refined economic structure, our study enables some interactions among economic variables which are not found in the existing literature on economic growth with renewable resources. We simulate the model to demonstrate the existence of equilibrium points and motion of the dynamic system. Our comparative dynamic analysis shows, for instance, that a rise in the propensity to consume the renewable resource increases the interest rate and reduces the national and production sector’s capital stocks, wage rate and level of the consumption good. Moreover, it initially reduces and then increases the capital stocks of the resource sector and the consumption and price of the renewable resource. The stock of the renewable resource is initially increased and then reduced. Finally, labor is redistributed from the production to the resource sector.

Management of business economic growth as function of resource rents

Science.gov (United States)

Prljić, Stefan; Nikitović, Zorana; Stojanović, Aleksandra Golubović; Cogoljević, Dušan; Pešić, Gordana; Alizamir, Meysam

2018-02-01

Economic profit could be influenced by economic rents. However natural resource rents provided different impact on the economic growth or economic profit. The main focus of the study was to evaluate the economic growth as function of natural resource rents. For such a purpose machine learning approach, artificial neural network, was used. The used natural resource rents were coal rents, forest rents, mineral rents, natural gas rents and oil rents. Based on the results it is concluded that the machine learning approach could be used as the tool for the economic growth evaluation as function of natural resource rents. Moreover the more advanced approaches should be incorporated to improve more the forecasting accuracy.

Energy Consumption and Economic Growth in Vietnam: Threshold Cointegration and Causality Analysis

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BINH Thanh PHUNG

2011-01-01

Full Text Available This study investigates the energy consumption-growth nexus in Vietnam. The causal relationship between the logarithm of per capita energy consumption (LPCEC and the logarithm of per capita GDP (LPCGDP during the 1976-2010 period is examined using the threshold cointegration and vector error correction models for Granger causality tests. The estimation results indicate that the LPCEC and LPCGDP for Vietnam are cointegrated and that there is a strong uni-directional causality running from LPCGDP to LPCEC, but not vice versa. It is also found that the effect of LPCGDP on LPCEC in Vietnam is time-varying (i.e. significantly different between before and after the structural breakpoint, 1992. The research results strongly support the neoclassical perspective that energy consumption is not a limiting factor to economic growth in Vietnam. Accordingly, an important policy implication resulting from this analysis is that government can pursue the conservation energy policies that aim at curtailing energy use for environmental friendly development purposes without creating severe effects on economic growth. In future, the energy should be efficiently allocated into more productive sectors of the economy.

Economic and environmental considerations of biomass fuels

International Nuclear Information System (INIS)

Booth, Roger

1992-01-01

The economic and environmental aspects of biomass fuels are considered. Close to source, the cost of useful energy in the form of lignocellulose is often competitive with fossil fuels, say $1-3 per GJ. There are three main options to divert this biomass into commercial energy channels: solid fuels for underboiler use; liquid fuels for automotive use and electric power generation, each of which is discussed. The social, economic and environmental advantages of an afforestation programme are highlighted. (Author)

Time-Spatial Convergence of Air Pollution and Regional Economic Growth in China

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Zhengning Pu

2017-07-01

Full Text Available The haze pollution caused by fine particulate matter (PM 2.5 emissions has become one of the most crucial topics of sustainable environmental governance in China. Using the average concentration of PM 2.5 in China’s key cities from 2000 to 2012, as measured by aerosol optical depth, this study tested the time-spatial convergence of fine particulate matter pollution in China. The results show that there is a trend of absolute convergence between timespan and China’s PM 2.5 emissions. At the same time, in the geographic areas divided by the east, middle and west zones, there is a significant difference in the convergence rate of PM 2.5. The growth rate of PM 2.5 in the middle and west zones is significantly higher than that of the east zone. The correlation test between regional economic growth and PM 2.5 emissions suggest a significant positive N-type Environmental Kuznets Curve (EKC after considering spatial lag and spatial error effect.