The Impact of Blue Economy and Economic Growth on Climate Changes in Baltic Countries

Marin OPRIÈšESCU, Roxana Maria Bä‚dãžrcea, Nicoleta Mihaela Florea, Alina Georgiana Manta, Silvia Puiu and Dalian Marius Doran
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Marin OPRIÈšESCU: University of Craiova
Roxana Maria Bä‚dãžrcea: University of Craiova
Nicoleta Mihaela Florea: University of Craiova
Alina Georgiana Manta: University of Craiova
Dalian Marius Doran: University of Craiova

Finante - provocarile viitorului (Finance - Challenges of the Future), 2020, vol. 1, issue 22, 7-20

Abstract: The main goal of this research is to identify the causality relations between the greenhouse gases emissions, the blue economy and the economic growth based on a panel of annual data from the three Baltic countries, members of the European Union during 2009-2018 period. After applying stationarity and cointegration tests, the long term cointegration coefficients shall be determined with the help of the Pooled Mean Group (PMG) estimator. Granger causality estimation based on the Vector Error Correction Model (VECM) was applied to identify the causality relationship between the variables and to detect the direction of causality. Based on the identified causality relations, the Blue Economy has a significant influence on greenhouse gas emissions on the short and long run. Unidirectional causality relations have been identified from the economic growth on the greenhouse gases emissions on a long and short term, as well as from the economic growth on the Blue Economy on a short term.ns on some taxes, such as income tax, corporate tax and social security contributions.

Keywords: greenhouse gases emissions; Pooled Mean Group estimator; long term cointegration; economic growth. (search for similar items in EconPapers)
JEL-codes: F62 Q01 Q22 Q54 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2020:i:22:p:7-20

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