Pollution and economic growth: Evidence from Central and Eastern European countries |
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| Affiliation: | 1. Babeș-Bolyai University, Faculty of Economics and Business Administration, Teodor Mihali St. 58-60 400591, Cluj-Napoca, Romania;2. Université Clermont Auvergne, CNRS, IRD, CERDI, F-63000 Clermont-Ferrand, France;1. CERDI and CRCGM, University Clermont Auvergne, Clermont-Ferrand, France;2. School of Economics & CERDI, University Clermont Auvergne, 26 Avenue Léon Blum, 63000, Clermont-Ferrand, France;3. Department of Economics, Carleton University, C-870 Loeb Building, 1125 Colonel By Drive, Ottawa, Ontario K1S 5B6, Canada;4. LEO, University of Orléans, France;1. School of Economics & CERDI (University of Auvergne), 65 Boulevard François Mitterrand, B.P. 320, 63009 Cedex 1 Clermont-Ferrand, France;2. LEO (University of Orléans), Rue de Blois, B.P. 6739, 45067 Cedex 2 Orléans, France;1. College of Business, Korea Advanced Institute of Science and Technology, Seoul, Republic of Korea;2. KB Research, 115, Yeouigongwon-ro, Yeongdeungpo-gu, Seoul, Republic of Korea |
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| Abstract: | We investigate the relationships between pollution and growth in eleven Central and Eastern European (CEE) countries. Aggregate results, robust to different estimators and control variables, reveal an increasing nonlinear link between GDP and CO2 for the group of CEE countries. However, at a disaggregated, country-level, the relationship between GDP and CO2 is characterized by much diversity among CEE countries, namely: N-shaped, inverted-N, U-shaped, inverted-U, monotonic, or no statistical link. Thus, despite an aggregated upward trend, some CEE countries managed to secure both higher GDP and lower CO2 emissions. From a policy perspective, EU policymakers could pay more attention to these countries, and amend the current unique environmental policy to account for country-heterogeneities in order to support economic growth without damaging the environment. |
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