Economic growth, energy, and environmental Kuznets curve

By Selin Özokcu, Ozlem Ozdemir. 2017

710 citations recorded by the source corpus.

The aim of this study is to investigate the relationship between income and Carbon Dioxide (CO2) emissions in the context of the Environmental Kuznets Curve (EKC), which posits the existence of an inverted U-shape relationship between environmental degradation and economic development. For this purpose, two empirical models are examined. For both models, the relationship between per capita income and per capita CO2 emissions and the relationship among per capita income, per capita energy use, and per capita CO2 emissions are analyzed respectively between 1980 and 2010, using the panel data estimation techniques with the application of Driscoll-Kraay Standard Errors. Yet, for the first model, data are analyzed for 26 OECD countries with high income levels, while for the second model, data are examined for 52 emerging countries. The results of both models show that N-shape and an inverted N-shape relationship for cubic functional form are observed. Thus, the results do not support the EKC hypothesis, which implies that environmental degradation cannot be solved automatically by economic growth.

Subfields: Economics and Econometrics, Environmental Engineering, Marketing

View Paper: https://www.semanticscholar.org/paper/98c595287abab6378037dd65e7ea4a00a7a91f38

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In Economics and Econometrics

1. Ilhan Ozturk
2. Khorshed Alam
3. Mohammad A. Salahuddin
4. A. Acheampong
5. Elliot Boateng
6. Mary Amponsah
7. K. Sohag
8. Nuno Carlos Leitão

In Environmental Engineering

1. Ilhan Ozturk
2. A. Acheampong
3. Richard B. Nyuur
4. Nadia Singh
5. B. Richmond
6. K. Sohag
7. Mohammad A. Salahuddin
8. Khorshed Alam

In Marketing

1. A. Acheampong
2. Ilhan Ozturk

Citations in the corpus

• The Linkage between Economic Growth, Renewable Energy, Tourism, CO2 Emissions, and International Trade: The Evidence for the European Union (2020, background): “The empirical literature review, such as Özokcu and Özdemir [60], Alshehry and Belloumi [17], Och [61], and Balogh and Jambor [4], confirmed that there exists a positive relationship between economic growth and climate change.”