Economic growth – environment nexus: An analysis based on natural capital component of inclusive wealth

We analyze the relationship between economic growth and environmental quality from the sustainability framework. For this purpose, we conduct a pooled mean group estimator analysis for 140 countries during the 1990–2014 period. As a proxy for environmental quality, we use the natural capital compone...

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Autores principales:	Robi Kurniawan, Yogi Sugiawan, Shunsuke Managi
Formato:	article
Lenguaje:	EN
Publicado:	Elsevier 2021
Materias:	Sustainability Economic growth Natural capital Inclusive wealth environmental Kuznets curve Ecology QH540-549.5
Acceso en línea:	https://doaj.org/article/8f1044ca5bc4446d91519f7329ebabd0
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id	oai:doaj.org-article:8f1044ca5bc4446d91519f7329ebabd0
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spelling	oai:doaj.org-article:8f1044ca5bc4446d91519f7329ebabd02021-12-01T04:31:39ZEconomic growth – environment nexus: An analysis based on natural capital component of inclusive wealth1470-160X10.1016/j.ecolind.2020.106982https://doaj.org/article/8f1044ca5bc4446d91519f7329ebabd02021-01-01T00:00:00Zhttp://www.sciencedirect.com/science/article/pii/S1470160X20309213https://doaj.org/toc/1470-160XWe analyze the relationship between economic growth and environmental quality from the sustainability framework. For this purpose, we conduct a pooled mean group estimator analysis for 140 countries during the 1990–2014 period. As a proxy for environmental quality, we use the natural capital component of inclusive wealth, which takes into account both market and nonmarket assets that contribute to well-being, covering agricultural, fishery, forestry, fossil fuels, and minerals. Cointegration analysis reveals that over the long term, the impacts of economic growth and population density on natural capital levels are significant. While population growth places continuous pressure on natural capital extraction levels, the impact of economic growth on environmental quality is nonlinear. We find a beneficial impact of the composition and a technical effect of the economy, which decouples environmental degradation from economic growth. However, it only occurs temporarily, since the strong link between environmental degradation and economic growth reappears once the secondary turning point is achieved. We show important implications for natural resource management policy.Robi KurniawanYogi SugiawanShunsuke ManagiElsevierarticleSustainabilityEconomic growthNatural capitalInclusive wealthenvironmental Kuznets curveEcologyQH540-549.5ENEcological Indicators, Vol 120, Iss , Pp 106982- (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Sustainability Economic growth Natural capital Inclusive wealth environmental Kuznets curve Ecology QH540-549.5
spellingShingle	Sustainability Economic growth Natural capital Inclusive wealth environmental Kuznets curve Ecology QH540-549.5 Robi Kurniawan Yogi Sugiawan Shunsuke Managi Economic growth – environment nexus: An analysis based on natural capital component of inclusive wealth
description	We analyze the relationship between economic growth and environmental quality from the sustainability framework. For this purpose, we conduct a pooled mean group estimator analysis for 140 countries during the 1990–2014 period. As a proxy for environmental quality, we use the natural capital component of inclusive wealth, which takes into account both market and nonmarket assets that contribute to well-being, covering agricultural, fishery, forestry, fossil fuels, and minerals. Cointegration analysis reveals that over the long term, the impacts of economic growth and population density on natural capital levels are significant. While population growth places continuous pressure on natural capital extraction levels, the impact of economic growth on environmental quality is nonlinear. We find a beneficial impact of the composition and a technical effect of the economy, which decouples environmental degradation from economic growth. However, it only occurs temporarily, since the strong link between environmental degradation and economic growth reappears once the secondary turning point is achieved. We show important implications for natural resource management policy.
format	article
author	Robi Kurniawan Yogi Sugiawan Shunsuke Managi
author_facet	Robi Kurniawan Yogi Sugiawan Shunsuke Managi
author_sort	Robi Kurniawan
title	Economic growth – environment nexus: An analysis based on natural capital component of inclusive wealth
title_short	Economic growth – environment nexus: An analysis based on natural capital component of inclusive wealth
title_full	Economic growth – environment nexus: An analysis based on natural capital component of inclusive wealth
title_fullStr	Economic growth – environment nexus: An analysis based on natural capital component of inclusive wealth
title_full_unstemmed	Economic growth – environment nexus: An analysis based on natural capital component of inclusive wealth
title_sort	economic growth – environment nexus: an analysis based on natural capital component of inclusive wealth
publisher	Elsevier
publishDate	2021
url	https://doaj.org/article/8f1044ca5bc4446d91519f7329ebabd0
work_keys_str_mv	AT robikurniawan economicgrowthenvironmentnexusananalysisbasedonnaturalcapitalcomponentofinclusivewealth AT yogisugiawan economicgrowthenvironmentnexusananalysisbasedonnaturalcapitalcomponentofinclusivewealth AT shunsukemanagi economicgrowthenvironmentnexusananalysisbasedonnaturalcapitalcomponentofinclusivewealth
_version_	1718405857164656640

Economic growth – environment nexus: An analysis based on natural capital component of inclusive wealth

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