Economic Crises and Emission of Pollutants: a Historical Review of Select Economies amid Two Economic Recessions

Stavytskyy, Andriy; Giedraitis, Vincent; Sakalauskas, Darius; Hüettinger, Maik

doi:10.15388/ekon.2016.1.9904

Cited by 7 publications

(6 citation statements)

References 17 publications

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“…Carbon dioxide, the major greenhouse gas, has been shown to fluctuate with economic situations and to be highly correlated with GDP and energy consumption (Gierdraitis et al, 2010;Lane, 2011). In fact, Giedraitis et al (2010) analysis of the 1870s and 1930s depressions and, more recently, Stavytskyy et al (2016) found support to the claim that past economic crises were associated with lower amounts of CO2 emissions. 6 This paper expands the analysis by Stavytskyy et al (2016) by considering a much larger sample of countries (they only analyze a set of four advanced economies) and also many more crises episodes.…”

Section: Literature Reviewmentioning

confidence: 98%

Crises and emissions: New empirical evidence from a large sample

Jalles

2019

Energy Policy

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In this paper, we empirically assess by means of the local projection method, the impact of different types of financial crises on a variety of pollutant emissions categories for a sample of 86 countries between 1980-2012. We find that financial crises in general lead to a fall in CO2 and methane emissions. When hit by a debt crisis, a country experiences a rise in emissions stemming from either energy related activities or industrial processes. During periods of slack, financial crises in general had a positive impact on both methane and nitrous oxide emissions. If a financial crisis hit an economy when it was engaging in contractionary fiscal policies, this led to a negative response of CO2 and production-based emissions.

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Section: Literature Reviewmentioning

confidence: 98%

Crises and emissions: New empirical evidence from a large sample

Jalles

2019

Energy Policy

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“…This analysis may help in the development of better government policies. The supply of energy along with its consumption structure may also influence the pollution level in countries that may shift climate conditions and therefore budget policies (Stavytskyy et al, 2016).…”

Section: Introductionmentioning

confidence: 99%

Estimating the interrelation between energy security and macroeconomic factors in European countries

Stavytskyy¹,

Kharlamova²,

Giedraitis³

et al. 2018

Journal of International Studies

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This paper deals with the analysis of energy security in certain European countries. The investigation of different approaches to evaluation of the energy security parameter showed some drawbacks of their application in practice. This fact has led the authors to the idea to develop a completely new index of energy security that includes, inter alia, quite a traditional approach-based on the data about consumption, production, distribution, and allocation of energy resources-also paying attention to productivity and efficiency of using such resources. The first part of the paper discusses the advantages of a new parameter in comparison to the existing analogies. The next part concerns the estimation of four-panel regressions that describe the interrelation of main macroeconomic parameters with the new energy security index (NESI). They showed that the increase of GDP is positively correlated with NESI, and negatively-with CPI. Therefore, on the one hand, economic tools may improve energy security in Europe, and on

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“…The major greenhouse gas–carbon dioxide—has been shown to move in tandem with the economy and to be strongly correlated with both GDP and energy consumption (Gierdraitis et al ( 2010 ) and Lane ( 2011 ). The analysis of the 1870s and 1930s depressions by Giedraitis et al (2010) and, more recently, by Stavytskyy et al ( 2016 ) supports the claim that economic crises are associated with lower CO2 emissions. Inspecting the Asian Financial Crisis, Siddiqi ( 2000 ) alluded to some positive consequences stemming from it to the global environment.…”

Section: Literature Reviewmentioning

confidence: 76%

Financial Crises and Climate Change

Jalles

2023

Comp Econ Stud

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Climate change is a big challenge of our time. While there is a bourgeoning literature on the economic impact of climate change, research on how financial crises affect climate change is limited. We empirically use the local projection method to empirically study the impact of past financial crises on climate change vulnerability and resilience indices. Using a dataset covering 178 countries over the period 1995–2019, we observe that resilience to climate change shocks has been increasing and that advanced economies are the least vulnerable. Our econometric results suggest that financial crises (particularly systematic banking ones) tend to lead to a short-run deterioration in a country’s resilience to climate change. This effect is more pronounced in developing economies. In downturns, if an economy is hit by a financial crisis, vulnerability to climate change increases.

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Economic Crises and Emission of Pollutants: a Historical Review of Select Economies amid Two Economic Recessions

Cited by 7 publications

References 17 publications

Crises and emissions: New empirical evidence from a large sample

Crises and emissions: New empirical evidence from a large sample

Estimating the interrelation between energy security and macroeconomic factors in European countries

Financial Crises and Climate Change

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