New Insights into Development of an Environmental – Economic Model Based on a Composite Environmental Quality Index: A Comparative Analysis of Economic Growth and Environmental Quality Trend
In order to fill the research gap regarding the use of a comprehensive index that includes all dimensions of environmental pollution, this study sought to develop a composite environmental quality index to tackle with the possible bias and remove the possible linearity in the experimental research m...
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| Format: | Article |
| Language: | English |
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Iranian Association for Energy Economics
2021-08-01
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| Series: | Environmental Energy and Economic Research |
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| Online Access: | https://www.eeer.ir/article_130424_77c820a0d53ba140445aa49cba1e8487.pdf |
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| author | Hossein-Ali Fakher Mostafa Panahi Karim Emami Kambiz Peykarjou Seyed Yaghoub Zeraatkish |
| author_facet | Hossein-Ali Fakher Mostafa Panahi Karim Emami Kambiz Peykarjou Seyed Yaghoub Zeraatkish |
| author_sort | Hossein-Ali Fakher |
| collection | DOAJ |
| description | In order to fill the research gap regarding the use of a comprehensive index that includes all dimensions of environmental pollution, this study sought to develop a composite environmental quality index to tackle with the possible bias and remove the possible linearity in the experimental research model. Principal Component Analysis (PCA) and Artificial Neural Network (ANN) methods were used to obtain this composite index. This study used six environmental indicators from two groups of Organization of Petroleum Exporting Countries (OPEC) and Organization for Economic Co-operation and Development (OECD) during 2008-2019. According to the obtained error criteria related to the two methods, ANN method was used to calculate the weight of environmental indicators due to having the lowest error criteria and therefore reliable results. Finally, using this composite index, the trend of economic growth and environmental quality were analyzed graphically. The results showed that along with the upward trend of economic growth, the quality of environment follows a downward trend in OPEC countries and an upward trend in OECD countries. At the end of this paper, some limitations of study are presented, and some suggestions for future studies are provided as well. |
| format | Article |
| id | doaj-art-e52becba376849a194d54a35cd254073 |
| institution | OA Journals |
| issn | 2538-4988 2676-4997 |
| language | English |
| publishDate | 2021-08-01 |
| publisher | Iranian Association for Energy Economics |
| record_format | Article |
| series | Environmental Energy and Economic Research |
| spelling | doaj-art-e52becba376849a194d54a35cd2540732025-08-20T02:36:46ZengIranian Association for Energy EconomicsEnvironmental Energy and Economic Research2538-49882676-49972021-08-015312410.22097/eeer.2021.280746.1192130424New Insights into Development of an Environmental – Economic Model Based on a Composite Environmental Quality Index: A Comparative Analysis of Economic Growth and Environmental Quality TrendHossein-Ali Fakher0Mostafa Panahi1Karim Emami2Kambiz Peykarjou3Seyed Yaghoub Zeraatkish4Faculty of Natural Resources and Environment, Science and Research Branch, Islamic Azad University, Tehran, IranFaculty of Natural Resources and Environment, Science and Research Branch, Islamic Azad University, Tehran, IranFaculty of Management and Economics, Science and Research Branch, Islamic Azad University, Tehran, IranFaculty of Management and Economics, Science and Research Branch, Islamic Azad University, Tehran, IranFaculty of Agricultural Sciences and Food Industry, Science and Research Branch, Islamic Azad University, Tehran, IranIn order to fill the research gap regarding the use of a comprehensive index that includes all dimensions of environmental pollution, this study sought to develop a composite environmental quality index to tackle with the possible bias and remove the possible linearity in the experimental research model. Principal Component Analysis (PCA) and Artificial Neural Network (ANN) methods were used to obtain this composite index. This study used six environmental indicators from two groups of Organization of Petroleum Exporting Countries (OPEC) and Organization for Economic Co-operation and Development (OECD) during 2008-2019. According to the obtained error criteria related to the two methods, ANN method was used to calculate the weight of environmental indicators due to having the lowest error criteria and therefore reliable results. Finally, using this composite index, the trend of economic growth and environmental quality were analyzed graphically. The results showed that along with the upward trend of economic growth, the quality of environment follows a downward trend in OPEC countries and an upward trend in OECD countries. At the end of this paper, some limitations of study are presented, and some suggestions for future studies are provided as well.https://www.eeer.ir/article_130424_77c820a0d53ba140445aa49cba1e8487.pdfcomposite environmental quality indexenvironmental indicatorseconomic growth |
| spellingShingle | Hossein-Ali Fakher Mostafa Panahi Karim Emami Kambiz Peykarjou Seyed Yaghoub Zeraatkish New Insights into Development of an Environmental – Economic Model Based on a Composite Environmental Quality Index: A Comparative Analysis of Economic Growth and Environmental Quality Trend Environmental Energy and Economic Research composite environmental quality index environmental indicators economic growth |
| title | New Insights into Development of an Environmental – Economic Model Based on a Composite Environmental Quality Index: A Comparative Analysis of Economic Growth and Environmental Quality Trend |
| title_full | New Insights into Development of an Environmental – Economic Model Based on a Composite Environmental Quality Index: A Comparative Analysis of Economic Growth and Environmental Quality Trend |
| title_fullStr | New Insights into Development of an Environmental – Economic Model Based on a Composite Environmental Quality Index: A Comparative Analysis of Economic Growth and Environmental Quality Trend |
| title_full_unstemmed | New Insights into Development of an Environmental – Economic Model Based on a Composite Environmental Quality Index: A Comparative Analysis of Economic Growth and Environmental Quality Trend |
| title_short | New Insights into Development of an Environmental – Economic Model Based on a Composite Environmental Quality Index: A Comparative Analysis of Economic Growth and Environmental Quality Trend |
| title_sort | new insights into development of an environmental economic model based on a composite environmental quality index a comparative analysis of economic growth and environmental quality trend |
| topic | composite environmental quality index environmental indicators economic growth |
| url | https://www.eeer.ir/article_130424_77c820a0d53ba140445aa49cba1e8487.pdf |
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