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Economic Growth, Income Disparity and Greenhouse Gas Emissions: The Case of Bulgaria

Author

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  • Ivan Todorov
  • Gergana Angelova

Abstract

The objective of this research is to perform an empirical analysis of the nexuses between real per capita output growth, income disparity and greenhouse gases in Bulgaria. To accomplish this goal, the original and the environmental Kuznets curves for Bulgaria were constructed. The results from the study indicate that in Bulgaria social resilience declines as economic sustainability increases. This demands tax and income policies for alleviating income disparity. It is advisable that progressive income taxation and tax-free minimum income be installed in order to diminish social instability in Bulgaria. Another inference from the empirical investigation is that Bulgaria ought to have a minimum real per capita output growth of 5.8% so that a decrease in carbon emissions is achieved.

Suggested Citation

  • Ivan Todorov & Gergana Angelova, 2023. "Economic Growth, Income Disparity and Greenhouse Gas Emissions: The Case of Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 8, pages 22-34.
    • Handle: RePEc:bas:econst:y:2023:i:8:p:22-34
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    References listed on IDEAS

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    3. Shahbaz, Muhammad & Sinha, Avik, 2019. "Environmental Kuznets Curve for CO2 emission: A survey of empirical literature," MPRA Paper 100257, University Library of Munich, Germany, revised 2019.
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    More about this item

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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