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The Relation between Climate Change and Economic Growth: The In-vestigation The Regional Differences with RCM Model in EU-28 Countries

Aynur Pala ()
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Aynur Pala: Okan Üniversitesi

International Journal of Economic Sciences, 2020, vol. 9, issue 1, 135-155

Abstract: This study investigates the effect of climate change on economic growth. In the study, it has been used over the period from 1996 to 2014 for EU-28 countries. We applied endogeneity, cross-sectional dependence and slope homogeneity tests. Then, we used panel unit-root and panel cointegration tests. Estimated random coefficient panel regression results show that increasing carbon emission contributes to economic growth in North and East Europe regions countries, relatively cold side. In South-West Europe countries, coefficient of CO2 is insignificant. Increasing carbon emission positively effect on economic growth through especially agricultural and tourism sector outputs in North and East Europe regions.

Keywords: Carbon emission; Economic Growth; Random Coefficient Model (search for similar items in EconPapers)
JEL-codes: Q50 O40 C33 (search for similar items in EconPapers)
Date: 2020
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Handle: RePEc:sek:jijoes:v:9:y:2020:i:1:p:135-155