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Effect of GDP, Energy Consumption, and Material Consumption on Waste Generation: The Case of EU-28 Countries

In: Eurasian Economic Perspectives

Author

Listed:
  • Richard Gardiner

    (University of Pardubice)

  • Petr Hajek

    (University of Pardubice)

Abstract

Controversy encompassing economic growth and waste generation into the economic system–environmental implication nexus usually jolts many experts, academic elites, policy makers, and others out of belief. This is because hazardous waste has detrimental effect on health and environment. The leading school of thought argues that economic growth creates much waste and thus exacerbates problems with environment. The contribution of waste into the economic system can also be ascribed to increasing material consumption. Hence, this chapter focusses on the causal relationship among economic growth, energy consumption, and material consumption on waste generation. Here we used panel cointegration tests to demonstrate that cointegration is present among total waste, GDP, energy consumption, and material consumption. The results of panel vector error correction models indicate that there is a unidirectional short-run effect running from material consumption to waste generation. In addition, there is a unidirectional long-run Granger causality running from GDP, energy, and material consumption to waste generation into the economic system. However, no short-run causality running from GDP and energy consumption to waste generation was observed. This implies that waste generation will not change even if GDP and energy consumption increase suggesting that the EU-28 countries represent a successful case of waste management.

Suggested Citation

  • Richard Gardiner & Petr Hajek, 2020. "Effect of GDP, Energy Consumption, and Material Consumption on Waste Generation: The Case of EU-28 Countries," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Gökhan Karabulut & Giray Gözgor (ed.), Eurasian Economic Perspectives, pages 73-85, Springer.
    • Handle: RePEc:spr:eurchp:978-3-030-35040-6_5
    DOI: 10.1007/978-3-030-35040-6_5
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    Cited by:

    1. Usman, Ojonugwa & Alola, Andrew Adewale & Akadiri, Seyi Saint, 2022. "Effects of domestic material consumption, renewable energy, and financial development on environmental sustainability in the EU-28: Evidence from a GMM panel-VAR," Renewable Energy, Elsevier, vol. 184(C), pages 239-251.
    2. Massimo Arnone & Angelo Leogrande & Alberto Costantiello & Lucio Laureti, 2024. "Banking Stability in the ESG Framework Across Italian Regions," Working Papers hal-04647121, HAL.
    3. Ogieriakhi, Macson O. & Wang, Xingguo, 2024. "Do mandatory environmental policies really work? A case study of California's mandatory commercial recycling law," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 915-930.
    4. Baihui Jin & Wei Li, 2023. "External Factors Impacting Residents’ Participation in Waste Sorting Using NCA and fsQCA Methods on Pilot Cities in China," IJERPH, MDPI, vol. 20(5), pages 1-21, February.

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