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Ecological Economics Vs Economic(Al) Ecology

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  • G. Kharlamova

    () (Киевский национальный университет имени Тараса Шевченка)

  • V. Nesterenko

Abstract

Currently world faces the dilemma – ecological economy or economic(al) ecology. The researchers produce hundreds of surveys on the topic. However the analyses of recent most cited simulations had shown the diversity of results. Thus, for some states the Kuznets environmental curve has place, for others – no. Same could be said about different years for the same state. It provokes the necessity of drawing new group analyses to reveal the tendencies and relationships between economic and environmental factors. Most flexible and mirror factor of environmental sustainability is the volume of CO2 emissions. The econometric analysis was used for detecting the economic impact on this indicator at the global level and in the spectra of group of states depending on their income. The hypothesis of the existence of environmental Kuznets curve for the analysed data is rejected. Real GDP per capita impact on carbon dioxide emissions is considered only at the global level. The impact of openness of the economy is weak. Rejection happened also to the hypothesis that for the developed countries there is a reverse dependence between the environmental pollution and economic openness. Indicator "energy consumption per capita" impacts on greenhouse gas emissions only in countries with high income. Whereby it should be noted that the more developed a country is, the more elastic is this influence. These results have a potential usage for environmental policy regulation and climate strategy.

Suggested Citation

  • G. Kharlamova & V. Nesterenko, 2015. "Ecological Economics Vs Economic(Al) Ecology," Вестник Киевского национального университета имени Тараса Шевченко. Экономика., Socionet;Киевский национальный университет имени Тараса Шевченко, vol. 32(174), pages 83-99.
  • Handle: RePEc:scn:pnoeeq:174a14
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    Keywords

    Ecological economy; econometric modeling; environment; income; CO2 emission.;

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