How the Economic Complexity of a National Economy Affects the Environment
Ładowanie...
Data
2021
Inny tytuł
Typ
Artykuł recenzyjny
Redaktor
dc.contributor.advisor
Dyscyplina PBN
Ekonomia i finanse
Czasopismo lub seria
EUROPEAN RESEARCH STUDIES JOURNAL
ISSN
1108-2976
ISBN
DOI
10.35808/ersj/2228
Strona internetowa
Wydawca
Wydawca
Wydanie
Numer
Strony od-do
Tytuł monografii
item.page.defence
Tytuł tomu
Opis
Rodzaj licencji
Abstrakt (en)
Purpose: The paper presents an investigation about connection between level of economic
complexity and environment development of national economies.
Design/Methodology/Approach: The study is based on the assumption of a significant
impact the economic complexity level that might have on the environment, as a high level of
industrial knowledge in the country can encourage the introduction of environmentally
friendly technologies and contribute to environmental sustainability of the economy in the
future. Environmental Performance Index (EPI) was chosen as the dependent variable, while
the economic complexity index (ECI) was chosen as the explanatory variable. STATISTICA
software package was used to build the correlation and regression models.
Findings: The interpretation of the regression coefficients of the three constructed models
confirms that by increasing the economic complexity index per unit it is possible to improve
the environmental situation in the country from 5 (2012) to 10 (2014-2016) EPI units. The
dynamics of indicators during 2012-2016 shows that the level of correlation of research
indicators increases from year to year (0,582, 0,693 and 0,724).
Practical Implications: In the analyzed period of 2012-2016, the factor of economic
complexity of the country has been confirmed by empirical studies conducted on a sample of
almost 100 countries to have positive significant impact on the state of the environment.
Originality/Value: The effect of the economic complexity factor is most likely manifested
through the synergy of knowledge about environmentally conscious production technology
and environmental awareness of all economic entities. The more diversified the economy, the
less likely is a possibility of rent-aimed “state capture”.