IDEAS home Printed from https://ideas.repec.org/a/acc/malfin/v39y2024i122p79-109.html
   My bibliography  Save this article

The Relationship Between Inflation, Human Development Index and CO2 in Selected Country Groups

Author

Listed:
  • Ufuk Alkan

    (Marmara University)

  • Canan Dağıdır Çakan

    (Marmara University)

  • Aykut Şengül

    (Marmara University)

  • Mehmet Hanifi Ateş

    (Marmara University)

Abstract

UNDP report observes that countries with a high Human Development Index (HDI) are industrialized nations. It is well-known that industrialization leads to high carbon dioxide (CO2) emissions. These countries also experience low inflation rates due to their high production volumes. In light of this information, this study aims to empirically investigate the complex relationship between inflation, HDI, and CO2 across different country groups. The study employs panel data analysis over the period from 1994 to 2021, focusing on specific subdivisions within country groups (OECD, G20, EU, developed, high-income, and low-income countries). The results reveal a linear relationship between HDI and CO2 and an inverse relationship between inflation and CO2, providing policy recommendations based on these findings.

Suggested Citation

  • Ufuk Alkan & Canan Dağıdır Çakan & Aykut Şengül & Mehmet Hanifi Ateş, 2024. "The Relationship Between Inflation, Human Development Index and CO2 in Selected Country Groups," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 39(122), pages 79-109, October.
    • Handle: RePEc:acc:malfin:v:39:y:2024:i:122:p:79-109
    DOI: https://doi.org/10.33203/mfy.1442703
    as

    Download full text from publisher

    File URL: https://dergipark.org.tr/tr/download/article-file/3753102
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.33203/mfy.1442703?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Inflation; Carbon Emissions; Human Development Index; Panel Data Analysis;
    All these keywords.

    JEL classification:

    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:acc:malfin:v:39:y:2024:i:122:p:79-109. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Süleyman Kale (email available below). General contact details of provider: https://dergipark.org.tr/en/pub/mfy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.