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

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int inst Social & Economics Sciences-iises

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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.

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Keywords

Carbon emission, Economic Growth, Random Coefficient Model

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Citation

8

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N/A

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N/A

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Volume

9

Issue

1

Start Page

135

End Page

154