Economic Growth, Income Disparity and Greenhouse Gas Emissions: The Case of Bulgaria
Economic Growth, Income Disparity and Greenhouse Gas Emissions: The Case of Bulgaria

Summary/Abstract: The objective of this research is to perform an empirical analysis of the nexuses between real per capita output growth, income disparity and greenhouse gases in Bulgaria. To accomplish this goal, the original and the environmental Kuznets curves for Bulgaria were constructed. The results from the study indicate that in Bulgaria social resilience declines as economic sustainability increases. This demands tax and income policies for alleviating income disparity. It is advisable that progressive income taxation and tax-free minimum income be installed in order to diminish social instability in Bulgaria. Another inference from the empirical investigation is that Bulgaria ought to have a minimum real per capita output growth of 5.8% so that a decrease in carbon emissions is achieved.

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