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