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Introduction Of The Environmental Performance Index Unemployment And Inequality In US And UK Case Study
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In this study, two countries have been selected to link up their EPI index, CO2 emission, and GINI coefficient. The relationship between two countries is to analyse is a major purpose in this study with their price index in the market and calculate their GINI coefficient to see their income capability in the market. The UK and USA have been selected to analyse their income capability and price index in the global market. It can be named as country 1 and country 2 respectively in this study.
Aim and purpose
The major aim and purpose of this study are Ato link these two countries to analyse their CO2 emission and EPI to analyse their price index in the market. The unemployment rate and other aspects are measured in this segment to analyse both countries effectively.
Methodology
The study has gathered information that is more relevant from the World Bank for both countries to analyse their income capability and unemployment rate. Therefore, it can be stated that this study has gathered secondary research methods from the other reports to get a better analysis of this research. As cited by Baldwin et al. (2022), the primary resource has been collected from the World Bank for CO2 emission in the market. On the other hand, the study has gathered the EPI index from the other reports and analysed them carefully. Therefore, it can be stated that this study is going to measure the GINI coefficient and Lorenz curve to see their income capability in 2014 from the World Bank report in the other reports. Therefore, it has gathered information that is more relevant from the other resources which has helped them to analyse country 1 and country 2 analyses effectively.
Results
A higher CO2 emission can be worse for an economy with the case of climate change and other aspects of the market. Therefore, it has been shown that Carbon emission was higher in country 2 as compared to country 1. Carbon emission has been shown in recent years to analyse their market trend environmentally.
On the other hand, the EPI index has been shown in this study to show the environmental price index in the market. EPI measures the sustainability of an economy to measure a better environmental performance in the market. In this case, it has been found that the UK has a higher EPI, which was 69.3 whereas in the UK the value was 81.3 in the market (Yale.edu, 2022).
In this case, it has been shown that both countries have the same unemployment rate in the market. In 2018, the USA has faced a lower unemployment rate as compared to the UK in terms of the economy whereas the UK has a 4% rate of unemployment in the market (Worldbank.org, 2022).
The income distribution has been faced with the help of the GINI coefficient in an economy. The income distribution has been measured with the help of the Lorenz curve and the GINI coefficient in an economy. The analysis has been shown for 2014 to analyse country 1 income distribution in the market (Worldbank.org, 2022).
It has shown that both countries have the same income distribution in an economy. In the below figure 5, the country 2 Lorenz curve has been shown in the market to analyse their income distribution for 2014 (Worldbank.org, 2022).
Analysis
The result has been measured for both the countries in this study to analyse their price index, unemployment rate, EPI index, and CO2 emission in an economy. The study has a major purpose to analyse both countries' relationships to show their income distribution and EPI in different years. Therefore, it has been shown that in-country 1 the unemployment rate has decreased in recent years whereas in country 2 the unemployment also decreased in the economy. Therefore, it can be stated that there was not such a big difference in the unemployment rate where their income distribution is also the same in an economy.
The EPI index was higher in the UK market as compared to the USA, which has been gathered from the other resources in an economy (Hou et al. 2019). It measures the state sustainability of a country to measure its ability to compete within the global economy. Therefore, it has been shown that in the UK sustainability is higher as compared to the USA. Therefore, it can indicate that the UK has higher sustainability in the market to get a better benefit from an economy. Sustainability is higher in the UK as compared to the USA. On the other hand, a higher CO2 emission can be better for the country to measure their better sustainability in the welfare (Ray et al. 2020). Therefore, it has been shown that country 1 has a lower carbon emission compared to country 2 in an economy. As a result, it can be stated that country 2 has the better capability to reduce the carbon emission in an economy to get better welfare an economy.
Conclusion
It has been concluded that both countries have the same income distribution almost in an economy. The Lorenz curve and GINI coefficient are also the same for the year 2014. Therefore, it can be stated that the UK and USA have the same range of unemployment rates in the global market. Therefore, it has been found that country 1 has a higher EPI index as compared to country 2 and higher carbon emissions existed in country 2 as compared to country 1. Therefore, it has been found that country 1 and country 2 have the same income distribution with the same Lorenz curve in an economy. The unemployment rate was also the same in the market to analyse their employment rate in the market.
Reference
Baldwin, J.R., Pingault, J.B., Schoeler, T., Sallis, H.M. and Munafò, M.R., 2022. Protecting against researcher bias in secondary data analysis: Challenges and potential solutions. European journal of epidemiology, pp.1-10.
Hou, Y., Iqbal, W., Muhammad Shaikh, G., Iqbal, N., Ahmad Solangi, Y. and Fatima, A., 2019. Measuring energy efficiency and environmental performance: a case of South Asia. Processes, 7(6), p.325.
Ray, R.L., Griffin, R.W., Fares, A., Elhassan, A., Awal, R., Woldesenbet, S. and Risch, E., 2020. Soil CO2 emission in response to organic amendments, temperature, and rainfall. Scientific Reports, 10(1), pp.1-14.
Websites
Worldbank.org, 2022, CO2 emission for UK and USA. Available at: CO2 emissions (metric tons per capita) | Data (worldbank.org) [Accessed on – 09.05.2022]
Yale.edu, 2022, EPI for both countries. Available at: United States of America | Environmental Performance Index (yale.edu) [Accessed on – 09.05.2022]
Worldbank.org, 2022, Income distribution for both countries. Available at: World Bank Country and Lending Groups – World Bank Data Help Desk [Accessed on – 09.05.2022]
