Publication
Title
The productive capacity and environment : evidence from OECD countries
Author
Abstract
Environmental degradation is one of the most important and vital issues of today. In this context, many researchers are testing the environmental impact of different indicators. Many economic parameters affect environmental degradation. At the forefront of these parameters is the productive economic structures of the countries. For the first time in the literature, the present paper discusses the dynamic relationship between carbon dioxide (CO2) emissions, economic growth, and the productive capacity index (PCI) for a panel of 38 organization for economic co-operation and development (OECD) countries spanning the period 2000–2018. In this context, the PCI serves as a measure of the productive economic structure of a country. This empirical study applies panel cointegration techniques to reveal that the series are cointegrated in the long-run. In addition, the pooled mean group-panel autoregressive distributive lag (PMG-ARDL) approach is employed to estimate long-run coefficients. These coefficients confirm the environmental Kuznets curve hypothesis. Finally, the empirical findings confirm that improved productive capacity decreases environmental degradation. This results in important policy recommendations for involved governmental and private stakeholders.
Language
English
Source (journal)
Environmental Science and Pollution Research. - Landsberg
Publication
Landsberg : 2023
ISSN
0944-1344 [print]
1614-7499 [online]
DOI
10.1007/S11356-022-22341-0
Volume/pages
30 :2 (2023) , p. 3453-3466
Pubmed ID
35945325
Full text (Publisher's DOI)
UAntwerpen
Research group
Publication type
Subject
External links
Record
Identifier
Creation 22.03.2024
Last edited 22.03.2024
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