The Importance of Environmental Factors in Ensuring Sustainable Economıic Growth in OECD Countries

An Erratum to this article was published on July 7, 2025. https://dergipark.org.tr/en/pub/yead/article/1736939

Abstract

Recently, sustainable economic growth is one of the macroeconomic policies aimed by country governments. Environmental factors play an important role in the sustainability of economic growth. For this reason, natural resources must be used effectively and efficiently and must be sustained. In addition, in order to achieve sustainable economic growth, it is necessary to protect the ecosystem and reduce environmental pollution that occurs with industrialization. One of the factors causing environmental pollution is carbon emissions. Therefore, in this study, the relationship between per capita CO2 emissions released in total industrial production and economic growth for 8 OECD countries was analyzed by panel causality test. In the analysis, annual data for the period 2010-2018 were used. As a result of the study, a unidirectional causality relationship was found from economic growth to CO2 emissions.

Keywords

• Carbon Dioxide Emissions
• Economic Growth
• Panel Causality Test

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