The Relationship between Economic Growth and Pollution in Some New European Union Member States: A Dynamic Panel ARDL Approach

Mihaela Simionescu, Carmen Beatrice Păuna and Mihaela-Daniela Vornicescu Niculescu
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Carmen Beatrice Păuna: Institute for Economic Forecasting, Romanian Academy, Calea 13 Septembrie 13, 050713 Bucharest, Romania
Mihaela-Daniela Vornicescu Niculescu: School of Advanced Studies, Romanian Academy, Calea 13 Septembrie 13, 050713 Bucharest, Romania

Energies, 2021, vol. 14, issue 9, 1-17

Abstract: Considering the necessity of achieving economic development by keeping the quality of the environment, the aim of this paper is to study the impact of economic growth on GHG emissions in a sample of Central and Eastern European (CEE) countries (V4 countries, Bulgaria and Romania) in the period of 1996–2019. In the context of dynamic ARDL panel and environmental Kuznets curve (EKC), the relationship between GHG and GDP is N -shaped. A U-shaped relationship was obtained in the renewable Kuznets curve (RKC). Energy consumption, domestic credit to the private sector, and labor productivity contribute to pollution, while renewable energy consumption reduces the GHG emissions. However, more efforts are required for promoting renewable energy in the analyzed countries.

Keywords: economic growth; GHG emissions; EKC; RKC; energy consumption (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (9)

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