Short-Run Links in Ecological Footprint: A Dynamic Factor Analysis for the EU

María Jesús Delgado-Rodríguez, de Lucas Santos Sonia () and Alfredo Cabezas-Ares
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María Jesús Delgado-Rodríguez: Department of Business Administration (ADO), Applied Economics II and Fundaments of Economic Analysis, Universidad Rey Juan Carlos de Madrid, Pº Artilleros s/n, 28670 Madrid, Spain
Alfredo Cabezas-Ares: Department of Business Administration (ADO), Applied Economics II and Fundaments of Economic Analysis, Universidad Rey Juan Carlos de Madrid, Pº Artilleros s/n, 28670 Madrid, Spain

Land, 2021, vol. 10, issue 12, 1-12

Abstract: The Ecological Footprint (EFP) is a useful indicator for assessing the progress of environmental performance and offers a solid basis for sustainability studies. In this paper, we contribute to the broadening of its possibilities of investigation by measuring the cross-country links in the EFP in global hectares per capita. The modeling framework is based on the dynamic factor analysis to estimate, in the parametric form, an index that provides information about the short-run dynamics of the EFP in the EU. Following this approach, we identify different patterns in the EFP behavior of the European countries during the period of 1962–2017. The results show stronger links across the EFP of the main European countries: France, Austria, Belgium, Germany, Denmark and the U.K. The proposed analysis gives a better understanding of the links behind environmental degradation in the EU and is applicable for the implementation and design of environmental policies.

Keywords: ecological footprint; dynamic factor model; cross-country links (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jlands:v:10:y:2021:i:12:p:1372-:d:700414

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