ENSURING SUSTAINABLE ECONOMIC GROWTH IN THE TRANSITION TO A GREEN ECONOMY: AN ECONOMETRIC ANALYSIS OF THE RELATIONSHIP BETWEEN CARBON EMISSIONS AND ECONOMIC DEVELOPMENT

Shakhriddinova Sitora Tolibjon Kizi

GREEN ECONOMY AND DEVELOPMENT, 2025, vol. 3

Abstract: This study employs econometric analysis to examine the complex relationship between carbon emissions andeconomic development during the transition to a green economy. Using time-series data from 1990 to 2022, we estimatethree distinct Ordinary Least Squares (OLS) models to investigate the emissions-growth nexus. The analysis revealsthat Model 3 (GDP predicted by emission sources) demonstrates superior explanatory power (R² = 0.9475, p 0.05), homoscedasticity (Breusch-Pagan p > 0.05), and acceptable multicollinearity levels (VIF

Keywords: green economy transition; carbon emissions; economic development; econometric analysis; sustainable growth; CO₂ emissions; GDP-emissions nexus; ordinary least squares; decoupling strategy; cement emissions; oil consumption; environmental sustainability; policy implications; diagnostic testing (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:teu:ged000:v:3:y:2025:id:7787

DOI: 10.5281/zenodo.17577312

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