GLOBAL INEQUALITY IN NATURAL RESOURCE CONSUMPTION: EVIDENCE FROM GLOBAL ECOLOGICAL FOOTPRINT DATAEkta Srivastava and Sanatan Nayak
The present study made an attempt to track the population growth pattern of different economic group countryâs categorized by World Bank. Growth of population was calculated using semi-log quadratic function model, while descriptive statistics was used for inequality estimation. Data were collected from Global Footprint Network and World Bank during 1961-2016. Results from this study proved that per capita consumption has increased manifold of population belonging to the high income countries, while their population growth rate has declined during 1961-2016. Further, differential results were reported for middle income and lower middle income group countries, while results of low income group countries presented deteriorating picture over the study period i.e., 1961-2016. Study suggested that there is an urgent need of resource transfer to the emerging economies, so that they can reduce their ecological footprint.