Assessment of the Link between CO2 $emissions and Socio-Economic Indicators

Nimerenco Ina (), Leoveanu Soare Bianca Eugenia () and Zanescu Panait Daniela ()
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Nimerenco Ina: Bucharest University of Economic Studies, Bucharest, Romania
Leoveanu Soare Bianca Eugenia: Bucharest University of Economic Studies, Bucharest, Romania
Zanescu Panait Daniela: Bucharest University of Economic Studies, Bucharest, Romania

Proceedings of the International Conference on Business Excellence, 2024, vol. 18, issue 1, 2594-2608

Abstract: This article examines the intricate relationships between carbon dioxide (CO2) emissions and key socio-economic indicators across various sectors. Utilizing different statistic methods, we scrutinize the interdependencies between air emissions and indicators such as Gross Domestic Product (GDP), education, life expectancy, pesticide use, recycling rates, agricultural production, net income, and tourism. Our analysis reveals a complex panorama where economic growth, indicated by GDP, agricultural output, and tourism, exhibits a strong positive correlation with CO2 emissions, suggesting that economic activity is a significant driver of environmental impact. Intriguingly, life expectancy also correlates positively with emissions, potentially reflecting the dual facets of industrial development, which, while boosting living standards and healthcare, concurrently increases environmental burdens. Conversely, educational attainment shows a negligible correlation, hinting at the potential for decoupling intellectual capital from carbon output. Through a robust statistical approach, this study underscores the multifaceted linkages between emissions and socio-economic health, highlighting areas for policy intervention and sustainable development strategies to balance economic advancement with environmental stewardship.

Keywords: air emissions; correlation; network; statistic; socio-economic indicators (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:18:y:2024:i:1:p:2594-2608:n:1043

DOI: 10.2478/picbe-2024-0218

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