The Relationship Between Economic Growth and Environment Issues
DOI:
https://doi.org/10.54097/4xy7jh53Keywords:
Economic growth, greenhouse gas, linear relationship, hypothesis testing.Abstract
In today's world, environmental issues are occurring frequently, with global warming being particularly prominent as it already poses a threat to human survival. Some people question whether these environmental problems are caused by economic development. This study will use hypothesis testing to address this question. Specifically, by collecting data on greenhouse gas emissions and GDP growth in recent years, the research will plot line charts to observe the trends of GDP growth and greenhouse gas emissions over time, establish a correlation matrix to test the relationship between GDP growth and greenhouse gas emissions, and develop a regression model to examine the coefficient between GDP growth rate and the rate of change in carbon emissions. The study shows that higher carbon emissions are associated with faster economic growth (a 1% increase in carbon emissions corresponds to a 3.94e-9% increase in GDP), indicating a positive correlation between economic development and carbon emissions.
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