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Economic Crises and Emission of Pollutants: A Historical Review of Select Economies Amid Two Economic Recessions

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  • Stavytskyy Andriy

    (Faculty of Economics, Taras Shevchenko National University ofKyiv, Ukraine)

  • Giedraitis Vincent
  • Sakalauskas Darius

    (Vilnius University,Vilnius, Lithuania)

  • Huettinger Maik

    (ISM University of Management and Economics,Vilnius, Lithuania)

Abstract

This paper investigates the historical trends in economic development through the impact of economic depressions and emissions of greenhouse gasses, namely carbon dioxide (CO2). The analysis includes four countries: the United States, the United Kingdom, Germany and Japan. The focus, therefore, will be on the impact of two economic crises and their effect on global warming. Temperature changes in the longer period are very often regarded as a result of human activity, which can be measured by the increase of GDP (per capita). The findings indicate that GDP (per capita) parameters cannot be considered as correct measures of human pollution activity. The results show that the long-run temperature can be evaluated with the help of annual average temperatures of the previous four years. The proposed model does not only provide quite satisfactory forecasts, but is very stable with coefficients variables that can make a model more reliable for practice.

Suggested Citation

  • Stavytskyy Andriy & Giedraitis Vincent & Sakalauskas Darius & Huettinger Maik, 2016. "Economic Crises and Emission of Pollutants: A Historical Review of Select Economies Amid Two Economic Recessions," Ekonomika (Economics), Sciendo, vol. 95(1), pages 7-21, January.
    • Handle: RePEc:vrs:ekonom:v:95:y:2016:i:1:p:7-21:n:1
    DOI: 10.15388/ekon.2016.1.9904
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    References listed on IDEAS

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    Cited by:

    1. João Tovar Jalles, 2020. "The impact of financial crises on the environment in developing countries," Annals of Finance, Springer, vol. 16(2), pages 281-306, June.
    2. João Tovar Jalles, 2024. "Financial Crises and Climate Change," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 66(1), pages 166-190, March.
    3. Chernyak Oleksandr & Kharlamova Ganna & Stavytskyy Andriy, 2018. "Trends of International Energy Security Risk Index in European Countries," TalTech Journal of European Studies, Sciendo, vol. 8(1), pages 5-32, June.
    4. Jalles, Joao Tovar, 2019. "Crises and emissions: New empirical evidence from a large sample," Energy Policy, Elsevier, vol. 129(C), pages 880-895.

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