Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/266039 
Authors: 
Year of Publication: 
2022
Citation: 
[Journal:] Journal of Financial Studies [ISSN:] 2559-1347 [Volume:] 7 [Issue:] 13 [Publisher:] Institute of Financial Studies [Place:] Bucharest [Year:] 2022 [Pages:] 120-131
Publisher: 
Institute of Financial Studies, Bucharest
Abstract: 
This research aims to examine the relationship between economic development and environmental degradation in European Union over the period 2000-2019 using a Panel ARDL/PMG model. In this respect, I have used GDP per capita expressed in PPS to catch the economic development and greenhouse gas emission per capita as a proxy for environmental degradation. The study confirms a positive impact of greenhouse gas emissions (per capita) on GDP (per capita) on short-run, but also a negative effect on long-run - the long-run effect being present in 24 EU Member States.
Subjects: 
economic development
environment
greenhouse gas emissions
GDP
Panel ARDL / PMG model
JEL: 
C33
Q53
O11
Q56
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version
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