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The Impact of Blue Economy and Economic Growth on Climate Changes in Baltic Countries

Author

Listed:
  • Marin OPRIÈšESCU

    (University of Craiova)

  • Roxana Maria BÄ‚DÃŽRCEA

    (University of Craiova)

  • Nicoleta Mihaela FLOREA

    (University of Craiova)

  • Alina Georgiana MANTA

    (University of Craiova)

  • Silvia PUIU

    (University of Craiova)

  • Dalian Marius DORAN

    (University of Craiova)

Abstract

The main goal of this research is to identify the causality relations between the greenhouse gases emissions, the blue economy and the economic growth based on a panel of annual data from the three Baltic countries, members of the European Union during 2009-2018 period. After applying stationarity and cointegration tests, the long term cointegration coefficients shall be determined with the help of the Pooled Mean Group (PMG) estimator. Granger causality estimation based on the Vector Error Correction Model (VECM) was applied to identify the causality relationship between the variables and to detect the direction of causality. Based on the identified causality relations, the Blue Economy has a significant influence on greenhouse gas emissions on the short and long run. Unidirectional causality relations have been identified from the economic growth on the greenhouse gases emissions on a long and short term, as well as from the economic growth on the Blue Economy on a short term.ns on some taxes, such as income tax, corporate tax and social security contributions.

Suggested Citation

  • Marin OPRIÈšESCU & Roxana Maria BÄ‚DÃŽRCEA & Nicoleta Mihaela FLOREA & Alina Georgiana MANTA & Silvia PUIU & Dalian Marius DORAN, 2020. "The Impact of Blue Economy and Economic Growth on Climate Changes in Baltic Countries," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(22), pages 7-20, November.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2020:i:22:p:7-20
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    greenhouse gases emissions; Pooled Mean Group estimator; long term cointegration; economic growth.;
    All these keywords.

    JEL classification:

    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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