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Convergence of ecological footprint and sustainable policy options

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  • Bigerna, Simona
  • Bollino, Carlo Andrea
  • Polinori, Paolo

Abstract

Human activities impact on environment and resources needs policy actions. We provide a new multivariate model which helps to assess how to shape and quantify appropriate policy responses taking into account equity and sustainability. The model analyzes the joint dynamic growth rate of three relevant components of ecological footprint: cropland factor; water resources usage; CO2 emissions, estimating their joint rate of convergence, explicitly including conditioning variables, in the period 1971–2018. This model provides a quantitative assessment of the determinants of convergence across countries, that might help policy makers to take measures to enhance the success of achieving the target. Results show that countries with lowest levels of the ecological footprint components are growing faster than those countries with the highest level of these components. In addition, a higher participation to the international trade (openness of the economy) and a higher investment share is beneficial to accelerate the countries’ dynamics toward a converging path characterized by a more sustainable ecological footprint.

Suggested Citation

  • Bigerna, Simona & Bollino, Carlo Andrea & Polinori, Paolo, 2022. "Convergence of ecological footprint and sustainable policy options," Journal of Policy Modeling, Elsevier, vol. 44(3), pages 564-577.
    • Handle: RePEc:eee:jpolmo:v:44:y:2022:i:3:p:564-577
    DOI: 10.1016/j.jpolmod.2022.07.001
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    References listed on IDEAS

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    More about this item

    Keywords

    Ecological footprint; Water usage; CO2 emission; Cropland; Multivariate convergences; Environmental policies; Sustainable policy options;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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