RELATIONSHIP BETWEEN BIOCAPACITY EFFICIENCY AND ECONOMIC GROWTH: SUR MODEL ANALYSIS FOR EUROPE

Authors : Aslı Okay Toprak

Pages : 789-806

Doi:10.35408/comuybd.1345098

View : 52 | Download : 114

Publication Date : 2023-10-18

Article Type : Research

Abstract :To investigate the relationship between biocapacity efficiency and economic growth, data from Austria, Belgium, Germany, Spain, the United Kingdom, Greece, Italy, and the Netherlands were used, which are the European countries with the largest deficits in the biocapacity-ecological footprint balance between 1970 and 2014. Biocapacity measures the biosphere\'s ability to renew itself and supply the resources and services required to sustain life. It expresses overall human demand for natural resources, waste management, and fertile land for urban activities. The phrase \"ecological footprint\" refers to the quantity of biologically productive land and water that a population must utilize to maintain the urban infrastructure that it inhabits, create all the resources that it consumes, and remove all the garbage that it generates. An ecological deficit exists when a country\'s ecological footprint exceeds its biocapacity as measured by its population. An ecological deficit suggests that a country\'s ecosystems are unable to absorb extra carbon dioxide discharged into the atmosphere. When calculating national biocapacity productivity, the relative productivity of an average hectare of a specific land-use type is considered. The biocapacity efficiency factor was used as the dependent variable in this study, which evaluated the eight European nations with the greatest ecological deficit. GDP, the fraction of the total population residing in urban agglomerations with populations greater than one million, and electric energy consumption were the independent variables. Seemingly Unrelated Regression (SUR) model\'s overall findings reveal that the biocapacity productivity factor and GDP are adversely connected. The biocapacity productivity factor decreased by 0.75% for every 1% rise in GDP. Austria and Belgium had the highest influence on the biocapacity productivity factor, according to country-specific information.
Keywords : Ekonomik Büyüme, Biyokapasite Verimliliği, Görünürde İlişkisisiz Regresyon Modeli