On the environmental Kuznets curve: A real options approach
نویسندگان
چکیده
منابع مشابه
The Environmental Kuznets Curve:
1. Introduction The environmental Kuznets curve is a hypothesized relationship between various indicators of environmental degradation and income per capita. In the early stages of economic growth degradation and pollution increase, but beyond some level of income per capita (which will vary for different indicators) the trend reverses, so that at high-income levels economic growth leads to env...
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The relationship between environmental protection and economic development has long been a controversial issue. This paper presents a literature survey on Environmental Kuznets Curve (EKC), which includes genesis, explanations and empirical evidence of EKC. The conclusion of this paper are, on the one hand, some factors are key reasons to EKC, including income elasticity of environmental qualit...
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cointegration Classical regression analysis assumes that the error term in a regression is normally and independently distributed. An extreme violation of this condition is when the error term is a random walk. Such a regression is termed a spurious regression and the results are not reliable. It usually indicates that a required variable with random walk behavior has been omitted from the mode...
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T he environmental Kuznets curve posits an inverted-U relationship between pollution and economic development. Kuznets’s name was apparently attached to the curve by Grossman and Krueger (1993), who noted its resemblance to Kuznets’s inverted-U relationship between income inequality and development. In the first stage of industrialization, pollution in the environmental Kuznets curve world grow...
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Economic research on income’s impact on environmental quality is well summarized by the environmental Kuznets curve (EKC), a relationship between environmental quality and per capita income (PCI). In this paper, a flexible nonparametric approach is adopted to study this relationship in which polynomial splines are employed to approximate the EKC function. New spline confidence bands via wild bo...
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ژورنال
عنوان ژورنال: Теория вероятностей и ее применения
سال: 2010
ISSN: 0040-361X
DOI: 10.4213/tvp4256