THE RELATION BETWEEN CLIMATE CHANGE AND ECONOMIC GROWTH: THE IN-VESTIGATION THE REGIONAL DIFFERENCES WITH RCM MODEL IN EU-28 COUNTRIES
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Date
2020
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
int inst Social & Economics Sciences-iises
Abstract
This study investigates the effect of climate change on economic growth. In the study, it has been used over the period from 1996 to 2014 for EU-28 countries. We applied endogeneity, cross-sectional dependence and slope homogeneity tests. Then, we used panel unit-root and panel cointegration tests. Estimated random coefficient panel regression results show that increasing carbon emission contributes to economic growth in North and East Europe regions countries, relatively cold side. In South-West Europe countries, coefficient of CO2 is insignificant. Increasing carbon emission positively effect on economic growth through especially agricultural and tourism sector outputs in North and East Europe regions.
Description
Keywords
Carbon emission, Economic Growth, Random Coefficient Model
Turkish CoHE Thesis Center URL
Citation
8
WoS Q
N/A
Scopus Q
N/A
Source
Volume
9
Issue
1
Start Page
135
End Page
154