Does economic development influence environmental quality in the Asia-Pacific region? A panel regression analysis
Abstract
This study delves into the intricate interplay between economic development and environmental quality in Asia-Pacific nations. It examines key economic indicators such as gross domestic product (GDP), gross national income (GNI) per capita, imports and exports, and their influence on environmental metrics like water productivity, carbon dioxide (CO2) emissions, forest rents, and total resource rents. The results reveal a nuanced relationship: GDP per capita correlates positively with water productivity, suggesting enhanced efficiency, and is associated with lower CO2 emissions, hinting at potential ecological benefits from economic progress. Conversely, GNI per capita shows a positive link with CO2 emissions, possibly reflecting income disparities and consumption patterns. While exports show no clear influence on environmental factors, imports are found to have adverse effects on water efficiency. To tackle environmental challenges arising from economic development, the study emphasizes the importance of adopting sustainable development practices and calls for a deeper investigation into the specific variables influencing this relationship at a local level.
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