Are economic growth and environmental pollution a dilemma?

Ongan, Serdar; Işık, Cem; Amin, Azka; Bulut, Ümit; Rehman, Abdul; Alvarado, Rafael; Ahmad, Munir; Karakaya, Sahir

doi:10.1007/s11356-023-25698-y

Cited by 26 publications

(8 citation statements)

References 119 publications

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“…Additionally, factors like the environment, transportation, and technology have an impact on how the economy is growing [29][30][31][32][33][34][35]. These factors are also influenced by the aging population.…”

Section: Literature Reviewmentioning

confidence: 99%

The cost of aging: Economic growth perspectives for Europe

et al. 2023

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This study explores the causal relationship between the economy and the elderly population in 15 European countries. The economy was measured by the Per Capita Gross Domestic Product growth rate, while the population aged above 65 as a percentage of the total was considered the elderly population. The data were obtained from a time series dataset published by the World Bank for six decades from 1961 to 2021. The Granger causality test was employed in the study to analyse the impact between the economy and the elderly population. An alternate approach, wavelet coherence, was used to demonstrate the changes to the relationship between the two variables in Europe over the 60 years. The findings from the Granger causality test indicate a unidirectional Granger causality from the economy to the elderly population for Luxembourg, Austria, Denmark, Spain, and Sweden, while vice versa for Greece and the United Kingdom. Furthermore, for Belgium, Finland, France, Italy, Netherlands, Norway, Portugal, and Turkey, Granger causality does not exist between the said variables. Moreover, wavelet coherence analysis depicts that for Europe, the elderly population negatively affected the economic growth in the 1960s, and vice versa in the 1980s.

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Section: Literature Reviewmentioning

confidence: 99%

The cost of aging: Economic growth perspectives for Europe

et al. 2023

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“…Consistent with previous studies, economic growth is represented by GDP per capita in 2017 international dollars, while healthcare expenditure is gauged by healthcare expenditure per capita in 2017 international dollars. Following Neves et al (54), Munir (55), and Ongan et al (56), environmental pollution is measured by CO 2 emissions in metric tons per capita. Health indicators, healthcare expenditure, and carbon emissions were sourced from the World Bank database, with GDP data from the IMF WEO database.…”

Section: Datamentioning

confidence: 99%

Economic uncertainty and population health: insights from emerging markets and developing countries

Liu

2023

Front. Public Health

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This study employs a Bayesian panel vector autoregressive model to examine the impact of economic uncertainty on public health, using an annual, country-level panel dataset of 103 emerging markets and developing countries spanning the years 1995 through 2019. The results from the full sample suggest that the immediate effects of heightened economic uncertainty on health are marginal, yet it may engender prolonged life expectancy and lowered mortality rates. The analysis unveils considerable heterogeneities among various country classifications. The health-enhancing effects of economic uncertainty are predominantly discernible in emerging markets, low-income and upper-middle-income countries. Additionally, a diminution in suicide rates, attributed to escalated economic uncertainty, is uniquely detected in upper-middle-income countries. Furthermore, economic growth and healthcare expenditure emerge as paramount determinants in bolstering overall population health, particularly in lower-middle-income countries. The detrimental effect of environmental pollution on health is more pronounced in emerging markets and middle-income nations. Excluding high-income countries, it is essential to emphasize the beneficial health outcomes resulting from financial development and globalization, as well as the deleterious effects of environmental pollution. Lastly, several policy implications aligned with the findings are outlined, providing a roadmap for decision-makers in these diverse economies to promote better health outcomes.

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“…According to the EKC hypothesis, a rise in real GDP per capita initially leads to an increase in CO 2 emissions in the first stages of economic growth due to the consumption of fossil fuels. Eventually, this leads to a decrease in CO 2 emissions after a certain turning point due to the adoption of eco-friendly technologies, policies, and cleaner energy demand (Dinda 2004 ; Soytas and Sari 2009 ; Aslan et al 2018 ; Destek and Sarkodie, 2019a ; Dogru et al 2019 ; Erdogan and Acaravci 2019 ; Kisswani et al 2019 ; Isik et al 2019a , b ; Destek et al, 2020a ; Destek and Sinha, 2020b ; Ongan et al 2020 ; Ongan et al 2022 , 2023 ; Ahmad et al, 2023 , 2022 , 2021a , b , c ; Alvarado et al 2021a , b , c , 2022a ; Işık et al 2020a , 2021a , b , 2022 ; Çetin et al, 2023 ; Jabeen et el., 2023 ). Therefore, the critical question is how countries can reach this turning point with a lower real GDP per capita and earlier.…”

Section: Introductionmentioning

confidence: 99%

Renewable energy, economic freedom and economic policy uncertainty: New evidence from a dynamic panel threshold analysis for the G-7 and BRIC countries

Işık

Simionescu

Ongan

et al. 2023

Stoch Environ Res Risk Assess

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This study aims to demonstrate the impact of renewable energy consumption (REC) on environmental degradation using the EKC hypothesis testing for the BRIC and G-7 countries. Two EKC models were created and tested, with Model 2 including REC and other independent variables such as economic freedom (EF) and economic policy uncertainty (EPU), which affect the level of renewable energy consumption and CO 2 emissions. Empirical findings indicate that the EKC hypothesis is verified faster in the REC-EF-EPU-based EKC model (Model 2) than in the EF-EPU-based EKC model (Model 1) for G-7 countries since the turning point takes place earlier in Model 2 than in Model 1 with REC. This suggests that renewable energy consumption accelerates the reduction of CO 2 emissions. Moreover, this earlier turning point results in lower environmental cleaning costs, less time vesting, and saving resources and money for G-7 countries. However, the study found no evidence supporting the EKC hypothesis for the BRIC countries.

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Are economic growth and environmental pollution a dilemma?

Cited by 26 publications

References 119 publications

The cost of aging: Economic growth perspectives for Europe

The cost of aging: Economic growth perspectives for Europe

Economic uncertainty and population health: insights from emerging markets and developing countries

Renewable energy, economic freedom and economic policy uncertainty: New evidence from a dynamic panel threshold analysis for the G-7 and BRIC countries

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