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To be rich or to be green- the dilemma between GDP and CO2 emissions per capita

Author

Listed:
  • Stefan Raychev

    (Department of Economic Science, University of Plovdiv Paisii Hilendarski)

  • Blaga Madzhurova

    (Department of Economic Science, University of Plovdiv Paisii Hilendarski)

  • Dobrinka Stoyanova

    (Department of Economic Science, University of Plovdiv Paisii Hilendarski)

Abstract

The offered study tackles the problem of whether a country can be synchronously rich and "green". The toolkit applied to resolve this dilemma, on the one hand, involves a review of theoretical sources on the issue, and on the other hand, necessitates a conduct of an empirical study of the dependencies between economic growth, and in particular GDP per capita and carbon dioxide emissions (CO2 ) per capita. This is an assessment method of the eventual impact of economic growth on environmental degradation. An evaluation of the theories indicates that a relationship exists between economic growth and environmental degradation, however it is multidimensional. The outcomes of the in-depth analysis of the relationship between economic prosperity and environmental sustainability, after applying correlation and regression analyses, along with the RANSAC regressor, actually reveal that there is a positive relationship between CO2 emissions and GDP per capita. The visualization of the results gives a clear idea of the relationship for each year of the research period. These findings contribute to the current debate concerning the balance between economic growth and environmental protection.

Suggested Citation

  • Stefan Raychev & Blaga Madzhurova & Dobrinka Stoyanova, 0000. "To be rich or to be green- the dilemma between GDP and CO2 emissions per capita," Proceedings of Economics and Finance Conferences 14116004, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:14116004
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Green transition; GDP per capita; Economic growth; CO2 emissions per capita;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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