Theoretical reconstruction of the environmental Kuznets curve
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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Long before the environmental Kuznets curve (EKC), which shows pollution at first increasing and then decreasing as income increases (see Figure 1), became enshrined in standard economic principles texts (e.g., Frank and Bernanke 2005), a very different view was set out by Ehrlich and Holden (1971). Much of the science and policy community still subscribes to their famous IPAT equation (I = PAT...
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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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This paper provides an overview of recent econometric advances on testing of functional form with semiparametric methods and their application to the estimation of the environmental Kuznets curve (EKC). The EKC in environmental economics is estimated using panel data models and provides a fertile ground for the adoption of recent panel data developments. The paper provides a discussion of recen...
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ژورنال
عنوان ژورنال: Gospodarka Narodowa
سال: 2019
ISSN: 0867-0005,2300-5238
DOI: 10.33119/gn/111469