Economic development and environmental degradation: A panel ARDL/PMG model for EU-27 countries
This research aims to examine the relationship between economic development and environmental degradation in European Union over the period 2000-2019 using a Panel ARDL/PMG model. In this respect, I have used GDP per capita expressed in PPS to catch the economic development and greenhouse gas emissi...
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| Format: | Article |
| Language: | English |
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Institutul de Studii Financiare
2022-11-01
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| Series: | Revista de Studii Financiare |
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| Online Access: | https://revista.isfin.ro/2022/11/07/economic-development-and-environmental-degradation-a-panel-ardl-pmg-model-for-eu-27-countries/ |
| Summary: | This research aims to examine the relationship between economic development and environmental degradation in European Union over the period 2000-2019 using a Panel ARDL/PMG model. In this respect, I have used GDP per capita expressed in PPS to catch the economic development and greenhouse gas emission per capita as a proxy for environmental degradation. The study confirms a positive impact of greenhouse gas emissions (per capita) on GDP (per capita) on short-run, but also a negative effect on long-run – the long-run effect being present in 24 EU Member States. |
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| ISSN: | 2537-3714 2559-1347 |