Integrating economic growth with the environmental intensity of human well-being: evidence from Bhutan

IF 3.5 3区 环境科学与生态学 Q1 DEVELOPMENT STUDIES Climate and Development Pub Date : 2022-12-05 DOI:10.1080/17565529.2022.2150046
B. Venkatraja
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引用次数: 2

Abstract

ABSTRACT This paper studies whether the carbon intensity of human well-being has an Environmental Kuznets Curve (EKC) pattern with respect to economic growth in Bhutan using annual data from 1971 to 2018. Furthermore, it examines the short-term and long-term dynamics of the causal relation between emissions and growth in wealth and also whether recent trends of economic growth are carbon neutral. Econometric estimations, such as ordinary least squares, vector error correction model and variance decomposition, are applied alongside other appropriate statistical tests. The findings show that, in Bhutan, the carbon intensity of human well-being increases with economic growth and fails to support the EKC hypothesis. Long-run causality was found running from the carbon intensity of human well-being to GDP per capita and also from population growth to GDP per capita. The econometric analysis also revealed that the increasing emission of carbon dioxide is being absorbed and its negative effects are negated through rising forest cover hence, Bhutan appears to be a carbon-neutral nation. This paper is a valuable contribution to the literature and has significant policy implications. Furthermore, it provides an integrated and sustainable growth model discourse to the rest of the world which is ailing with severe emissions and climate change.
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将经济增长与人类福祉的环境强度相结合:来自不丹的证据
摘要本文利用1971年至2018年的年度数据,研究了人类福祉的碳强度是否具有与不丹经济增长相关的环境库兹涅茨曲线(EKC)模式。此外,它还研究了排放量与财富增长之间因果关系的短期和长期动态,以及最近的经济增长趋势是否是碳中和的的。经济计量估计,如普通最小二乘法、向量误差校正模型和方差分解,与其他适当的统计检验一起应用。研究结果表明,在不丹,人类福祉的碳强度随着经济增长而增加,这不支持EKC假说。长期因果关系从人类福祉的碳强度到人均GDP,也从人口增长到人均GDP。经济计量分析还表明,不断增加的二氧化碳排放正在被吸收,其负面影响通过森林覆盖率的增加而被抵消,因此,不丹似乎是一个碳中和的国家。这篇论文是对文献的宝贵贡献,具有重要的政策意义。此外,它为世界其他地区提供了一个综合和可持续的增长模式话语,这些地区正面临严重的排放和气候变化。
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来源期刊
CiteScore
8.90
自引率
4.70%
发文量
66
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