To be rich or to be green- the dilemma between GDP and CO2 emissions per capita

Stefan Raychev (), Blaga Madzhurova () and Dobrinka Stoyanova ()
Additional contact information
Stefan Raychev: Department of Economic Science, University of Plovdiv Paisii Hilendarski
Blaga Madzhurova: Department of Economic Science, University of Plovdiv Paisii Hilendarski
Dobrinka Stoyanova: Department of Economic Science, University of Plovdiv Paisii Hilendarski

No 14116004, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: The offered study tackles the problem of whether a country can be synchronously rich and "green". The toolkit applied to resolve this dilemma, on the one hand, involves a review of theoretical sources on the issue, and on the other hand, necessitates a conduct of an empirical study of the dependencies between economic growth, and in particular GDP per capita and carbon dioxide emissions (CO2 ) per capita. This is an assessment method of the eventual impact of economic growth on environmental degradation. An evaluation of the theories indicates that a relationship exists between economic growth and environmental degradation, however it is multidimensional. The outcomes of the in-depth analysis of the relationship between economic prosperity and environmental sustainability, after applying correlation and regression analyses, along with the RANSAC regressor, actually reveal that there is a positive relationship between CO2 emissions and GDP per capita. The visualization of the results gives a clear idea of the relationship for each year of the research period. These findings contribute to the current debate concerning the balance between economic growth and environmental protection.

Keywords: Green transition; GDP per capita; Economic growth; CO2 emissions per capita (search for similar items in EconPapers)
JEL-codes: E01 O40 Q01 (search for similar items in EconPapers)
Pages: 10 pages
New Economics Papers: this item is included in nep-ene, nep-env and nep-gro
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 251-260

Downloads: (external link)
https://iises.net/proceedings/international-confer ... 41&iid=018&rid=16004 First version, 0000

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:sek:iefpro:14116004

Access Statistics for this paper

More papers in Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences
Bibliographic data for series maintained by Klara Cermakova ().