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• European economic growth and carbon dioxide emissions

  45-60

  László Szigethy

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  The study focuses on the short-term effects of economic growth on carbon dioxide emissions. The research relies on panel data from the European Union member states. Based on carbon dioxide emissions-income elasticity, the study reveals wide differences in the growth rate of emissions, depending on whether the member state was a former socialist or a highincome country. The research also finds an asymmetric effect between periods of economic growth and recession in respect to emissions.

  Journal of Economic Literature (JEL) codes: Q56, O44