Panel Analysis to Investigate the Relationship Between Economic Growth, Import, Consumption of Materials and Energy

Anna Bluszcz, Anna Manowska
2019 IOP Conference Series: Earth and Environment  
Nature conservation, or the preservation of the natural capital, is an important factor in ensuring prosperity for present and future generations. The essence of the concept of sustainable development is to ensure the use of natural resources in such a way that society's needs can be met most effectively while maintaining the possibility of biological regeneration of the environment. This concept does not mean abandoning the production and consumption of goods but indicates the need for a
more » ... he need for a number of structural and technological changes that will allow for the relatively smallest depreciation of natural capital. An effective tool for monitoring progress in this area can be the continuously developed material flow account. Studies indicate that in highly developed countries GDP growth is possible with a relatively smaller increase in material demand and energy use. The aim of the article is to examine the dependencies that occur between the GDP growth rate and the growth rate of imports of goods and services, while reducing energy consumption and consumption of materials. The study was based on data concerning the economies of selected European Union and Poland. The article presents the method of modeling the decoupling phenomenon using the panel data technique.
doi:10.1088/1755-1315/362/1/012153 fatcat:litn232gvndcdm4lpvd57cd67a