How Does Ecological Footprint React to Economic Growth Dynamics? Evidence from Emerging Economies


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Şentürk Ulucak Z., İlkay S. Ç. , Köseoğlu A., Savaş S.

in: Advances of Footprint Family for Sustainable Energy and Industrial Systems, Jingzheng Ren, Editor, Springer, London/Berlin , Zürich, pp.1-14, 2021

  • Publication Type: Book Chapter / Chapter Research Book
  • Publication Date: 2021
  • Publisher: Springer, London/Berlin 
  • City: Zürich
  • Page Numbers: pp.1-14
  • Editors: Jingzheng Ren, Editor

Abstract

There have been many attempts investigating how environmental conditions are affected by economic growth in the literature by mainly following the environmental Kuznets curve approach that is figured out an inverted U-shaped relationship between economic growth and environmental degradation. However, the literature has ignored the role of growth dynamics in this relationship by using economic growth instead of employing essential factors of growth equations. Contrary to prevailing literature, this study employs labour, capital and human capital factors as main drivers of economic growth. The study also observes environmental deterioration by using the ecological footprint that is widely accepted as a strong environmental sustainability indicator recently. Empirical results produced by advanced panel data methodologies taking cross-section dependence into account for emerging economies confirm that human capital accumulation that is the unique driver of economic growth is useful to shrink ecological footprint.