Abstract
The paper investigates the relationships between economic, social, and environmental dimensions of sustainable development. GDP growth represents the main economic dimension, greenhouse gas (GHG) emissions and renewable energy consumption the environmental dimension, and corruption the social dimension of sustainable development. The investigation of these relationships is based on the concept of the Environmental Kuznets Curve hypothesis about the non-linear relationship between economic growth and environmental pollution. The authors used the panel data of EU countries and Ukraine for 2000–2016 years from the Eurostat database. The obtained results confirmed the Environmental Kuznets curve hypothesis for the EU and Ukraine. All the indicators were statistically significant at 1% and 5% levels. The findings proved that increasing renewable energy (RE) by 1% led to a decline of GHG in the interval (0.166103, 0.220551), and аn increase of the Control of Corruption Index by 1% provoked a decline of GHG by 0.88%. The conducted study enabled the authors to conclude that Ukraine needs to increase the GDP level per capita given the economy diversification and via the introduction of more effective and “clean” production technologies.
Highlights
The ongoing trends of economic development provoke the appearance of new issues and tasks for the government on choosing the way for future development
The findings proved that increasing renewable energy (RE) by 1% led to a decline of greenhouse gas (GHG) in the interval (0.166103, 0.220551), and an increase of the Control of Corruption Index by 1% provoked a decline of GHG by 0.88%
The aim of this paper is to investigate the relationships between GDP growth, GHG emissions, renewable energy consumption, and corruption based on the concept of the Environmental Kuznets Curve (EKC) hypothesis about the non-linear relationship between economic growth and environmental pollution in the European Union (EU) and Ukraine, seeking to reveal differences and similarities and taking into account the high corruption level in Ukraine and the low penetration of renewables
Summary
The ongoing trends of economic development provoke the appearance of new issues and tasks for the government on choosing the way for future development. The linkages between economic, environmental, and social dimensions of sustainable development can be represented by the Environmental Kuznets Curve (EKC) hypothesis. GDP growth represents the main economic dimension, greenhouse gas (GHG) emissions and renewable energy consumption the environmental dimension, and corruption the social dimension of sustainable development. The aim of this paper is to investigate the relationships between GDP growth, GHG emissions, renewable energy consumption, and corruption based on the concept of the EKC hypothesis about the non-linear relationship between economic growth and environmental pollution in the EU and Ukraine, seeking to reveal differences and similarities and taking into account the high corruption level in Ukraine and the low penetration of renewables
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