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How Does Ecological Footprint React to Economic Growth Dynamics? Evidence from Emerging Economies

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Advances of Footprint Family for Sustainable Energy and Industrial Systems

Part of the book series: Green Energy and Technology ((GREEN))

Abstract

There have been many attempts investigating how environmental conditions are affected by economic growth in the literature by mainly following the environmental Kuznets curve approach that is figured out an inverted U-shaped relationship between economic growth and environmental degradation. However, the literature has ignored the role of growth dynamics in this relationship by using economic growth instead of employing essential factors of growth equations. Contrary to prevailing literature, this study employs labour, capital and human capital factors as main drivers of economic growth. The study also observes environmental deterioration by using the ecological footprint that is widely accepted as a strong environmental sustainability indicator recently. Empirical results produced by advanced panel data methodologies taking cross-section dependence into account for emerging economies confirm that human capital accumulation that is the unique driver of economic growth is useful to shrink ecological footprint.

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Notes

  1. 1.

    Uzawa [52] model, considered one of the pioneers of endogenous growth literature, explains long-run economic growth as a result of human capital accumulation.

  2. 2.

    Lucas [32] has included human capital accumulation in his model by addressing it through schooling and learning by doing.

  3. 3.

    Climate neutrality means increasing the reduction of greenhouse gas emissions as much as possible.

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Authors and Affiliations

  1. Faculty of Economics and Administrative Sciences, Department of Public Finance, Erciyes University, Kayseri, Turkey

    Zubeyde Senturk Ulucak

  2. Faculty of Economics and Administrative Sciences, Department of Economics, Erciyes University, Kayseri, Turkey

    Salih Cagri Ilkay, Ahmet Koseoglu & Savas Savas

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  1. Zubeyde Senturk Ulucak
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  2. Salih Cagri Ilkay
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  3. Ahmet Koseoglu
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  4. Savas Savas
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Correspondence to Zubeyde Senturk Ulucak .

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  1. Department of Industrial and Systems Engineering, The Hong Kong Polytechnic University, Hong Kong SAR, China

    Jingzheng Ren

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Ulucak, Z.S., Ilkay, S.C., Koseoglu, A., Savas, S. (2022). How Does Ecological Footprint React to Economic Growth Dynamics? Evidence from Emerging Economies. In: Ren, J. (eds) Advances of Footprint Family for Sustainable Energy and Industrial Systems. Green Energy and Technology. Springer, Cham. https://doi.org/10.1007/978-3-030-76441-8_1

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  • DOI: https://doi.org/10.1007/978-3-030-76441-8_1

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