Economic growth, environment, and urbanization in Latin America
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Qiutong Liu
CoPIs:
Zhechen Lu
College:
College of Business and Public Administration
Major:
Economics
Faculty Research Advisor(s):
Nazif Durmaz
Abstract:
With an increasing number of American developing countries joining in the worldwide manufacturing process, economic growth has been accompanied by the rise of energy consumption and carbon dioxide emissions, posing significant environmental challenges. As Mexico, Argentina, and Brazil are the only three developing countries equipped with nuclear energy capabilities in Latin America, this paper explored the impact of urbanization (URB), nuclear energy consumption (NCE), and thermal power consumption (THE) on carbon dioxide emissions (CO2), and the further relationship between CO2 and environment in these three countries. Developing a time-series technique, annual data covering the period 1965 to 2021 are employed with the AutoRegressive Distributed Lag Model (ARDL). The hypothesis posits carbon dioxide emissions has a positive relationship among GDP, ENC, URB and THE, a negative relationship with NCE, which means the emissions of CO2 significantly increase with the rising GDP, while the usage of NCE can partially replace the CO2, thus improving environmental issues.