Demography, Human Capital, and Environmental Impact: Evidence on Income Growth from OECD Countries

Abstract

The most important issue of the day is global warming. People think that the greenhouse gases that people put into the air are the main reason for the warming. Most of it comes from burning fossil fuels. The primary sources of CO2 emissions from burning fossil fuels are economic and population growth. The study is determinant to explore the impact of working-age people, population, higher education and carbon emission on the economic growth of OECD countries. The world temperature growing day by day is alarming due to the increase in the amount of Carbon emission. The results found a positive and significant relationship between the Population, working-age People and carbon emission on the per capita income. These results imply that more education, population, working-age people and carbon emissions may cause an increment in per capita income of OECD countries. It is suggested that these countries pay attention to creating more jobs for working-age people. This will increase per capita income. This study also suggests that carbon emissions should be minimized to reduce the world temperature.