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Spatial Econometric Analysis of the Ecological Footprint of European Countries

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  • Beyda Demirci

    (İstanbul Üniversitesi)

  • Ferda Yerdelen Tatoğlu

    (İstanbul Üniversitesi)

Abstract

This study explains the effects of various economic factors on the ecological footprint of 34 European countries in 2022 using spatial econometric techniques. Unlike previous studies on the ecological footprint, this study presents more comprehensive results by including spatial effects in the model using spatial econometric techniques for 34 countries for 2022. This study analyzes the lagged effects of per capita GDP growth, trade openness, and renewable energy use on the ecological footprint. The spatial Durbin Model was confirmed as the most appropriate through diagnostic tests and selection criteria. The results show that per capita GDP growth, trade openness, and renewable energy usage positively and significantly affect the ecological footprint. Additionally, the spatially lagged per capita GDP growth rate has a negative impact on the ecological footprint, while the spatially lagged trade openness has a positive impact, both of which are statistically significant. These findings underscore the importance of considering the environmental impacts of economic policies to achieve sustainable development. Furthermore, the identification of spatial effects in the spread of ecological footprints highlights the need to address environmental issues not only at the national level but also in relation to neighbouring countries.

Suggested Citation

  • Beyda Demirci & Ferda Yerdelen Tatoğlu, 2024. "Spatial Econometric Analysis of the Ecological Footprint of European Countries," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 74(2), pages 593-614, December.
    • Handle: RePEc:ist:journl:v:74:y:2024:i:2:p:593-614
    DOI: 10.26650/ISTJECON2024-1597205
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    1. Wackernagel, Mathis & Onisto, Larry & Bello, Patricia & Callejas Linares, Alejandro & Susana Lopez Falfan, Ina & Mendez Garcia, Jesus & Isabel Suarez Guerrero, Ana & Guadalupe Suarez Guerrero, Ma., 1999. "National natural capital accounting with the ecological footprint concept," Ecological Economics, Elsevier, vol. 29(3), pages 375-390, June.
    2. Mohammadreza Ramezani & Leili Abolhassani & Naser Shahnoushi Foroushani & Diane Burgess & Milad Aminizadeh, 2022. "Ecological Footprint and Its Determinants in MENA Countries: A Spatial Econometric Approach," Sustainability, MDPI, vol. 14(18), pages 1-20, September.
    3. Destek, Mehmet Akif & Ulucak, Recep & Dogan, Eyüp, 2018. "Analyzing the Environmental Kuznets Curve for the EU countries: The role of ecological footprint," MPRA Paper 106882, University Library of Munich, Germany.
    4. Saint Akadiri, Seyi & Alola, Andrew Adewale & Akadiri, Ada Chigozie & Alola, Uju Violet, 2019. "Renewable energy consumption in EU-28 countries: Policy toward pollution mitigation and economic sustainability," Energy Policy, Elsevier, vol. 132(C), pages 803-810.
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