Spatio-temporal investigation of economic growth and environmental quality nexus in EU countries: New guidelines regarding green goods and eco-tax.

Autor: Ali EB; Department of Economics, University for Development Studies, P.O. Box TL1350, Tamale, Ghana. ernestali2014@gmail.com., Radmehr R; Department of Agricultural Economics, Oklahoma State University, Stillwater, OK, 74078, USA., Ofori EK; Plants & Agribioscience, School of Biological & Chemical Sciences, Ryan Institute, University of Galway, Galway, Ireland., Shayanmehr S; Department of Agricultural Economics, Ferdowsi University of Mashhad, Mashhad, Iran., Agbozo E; Department of Big Data Analytics and Methods of Video Analysis, Ural Federal University, 19 Mira Str, 60002, Ekaterinburg, Russia.
Jazyk: angličtina
Zdroj: Environmental science and pollution research international [Environ Sci Pollut Res Int] 2024 Jul; Vol. 31 (33), pp. 45564-45587. Date of Electronic Publication: 2024 Jul 05.
DOI: 10.1007/s11356-024-34107-x
Abstrakt: The issue of environmental degradation has become pertinent and the call for carbon neutrality has intensified in recent years. Achieving this target will require countries to meet the conditions of the sustainable development goals. To do this, the study applied spatiotemporal modelling and the generalized method of moments (GMM) to examine the nexus between economic growth (EG) and the load capacity factor (LCF) through environmental goods (ENG) and environmental tax (ENT) among European Union (EU) nations from 1995 to 2018. The findings demonstrate that spatial dependence leads to a change in EG and LCF that impacts the EG and LCF of the neighbouring countries. The study also found that there is a significant positive and bidirectional relationship between economic growth and load capacity factor. Moreover, the study revealed that a positive effect of ENG, ENT, REN and Human Capital Index (HCI) on EG, with a reducing effect from natural resource rents (NRR). Finally, HCI improves environmental quality, while ENG, ENT, REN and NRR degrade the environment. Our findings justify the need for EU countries and other developed nations to implement policies that will help achieve a green economic transformation.
(© 2024. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)
Databáze: MEDLINE
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