Effect of GDP, Energy Consumption, and Material Consumption on Waste Generation: The Case of EU-28 Countries

Richard Gardiner () and Petr Hajek ()
Additional contact information
Richard Gardiner: University of Pardubice
Petr Hajek: University of Pardubice

A chapter in Eurasian Economic Perspectives, 2020, pp 73-85 from Springer

Abstract: Abstract Controversy encompassing economic growth and waste generation into the economic system–environmental implication nexus usually jolts many experts, academic elites, policy makers, and others out of belief. This is because hazardous waste has detrimental effect on health and environment. The leading school of thought argues that economic growth creates much waste and thus exacerbates problems with environment. The contribution of waste into the economic system can also be ascribed to increasing material consumption. Hence, this chapter focusses on the causal relationship among economic growth, energy consumption, and material consumption on waste generation. Here we used panel cointegration tests to demonstrate that cointegration is present among total waste, GDP, energy consumption, and material consumption. The results of panel vector error correction models indicate that there is a unidirectional short-run effect running from material consumption to waste generation. In addition, there is a unidirectional long-run Granger causality running from GDP, energy, and material consumption to waste generation into the economic system. However, no short-run causality running from GDP and energy consumption to waste generation was observed. This implies that waste generation will not change even if GDP and energy consumption increase suggesting that the EU-28 countries represent a successful case of waste management.

Keywords: Waste generation; Material consumption; Energy; GDP; Causality (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (4)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-030-35040-6_5

Ordering information: This item can be ordered from
http://www.springer.com/9783030350406

DOI: 10.1007/978-3-030-35040-6_5

Access Statistics for this chapter

More chapters in Eurasian Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().