This paper examines how robust economic, political, and demographic variables are related to water and air pollution. Employing Bayesian Averaging of Classical Estimates (BACE) for a cross section of up to 74 countries, 33 variables and 3 proxies for air and water pollution over a period from 1980 to 1995 we confirm the Environmental Kuznets Curve hypothesis, highlight the relevance of efficien...

The relationship between income and environmental quality is poorly understood at best. We expand the Environmental Kuznets Curve (EKC) literature by considering not only the role of emissions but also the role of the environment’s absorptive capacity in the relationship between income and environmental quality. Building off of a simple conceptual model, we construct two different aggregate mea...

Past climate change literature paid great attention to the welfare analysis of international agreements that stabilize emissions over time on the basis of the New Welfare Economics approach claiming “objective” measures of well-being and excluding interpersonal comparisons. In this paper, by using non New Welfare Economics approaches we show that the involvement of developing countries is not a...

the Environmental Kuznets Curve (EKC) hypothesis postulates an inverted U-shaped relationship between economic growth and many local environmental health indicators, while some economists argue that the relationship follows other patterns. By using an overlapping generations (OLG) model, we focus on technological effects, where the properties of the existing pollution abatement technologies cou...

Article history: Received 16 May 2007 Received in revised form 18 July 2007 Accepted 19 July 2007 Available online 16 August 2007 As a result of India's extremely rapid economic growth, the scale and seriousness of environmental problems are no longer in doubt. Whether pollution abatement technologies are utilized more efficiently is crucial in the analysis of environmental management because i...

In this paper we discuss three important econometric problems with the estimation of Environmental Kuznets Curves, which we exemplify with the particular example of the Carbon Kuznets Curve (CKC). The Carbon Kuznets hypothesis postulates an inverse U–shaped relationship between per capita GDP and per capita CO2 emissions. All three problems occur in the presence of unit root nonstationary regre...