Is there an environmental Kuznets inverted-U shaped curve? | Zendy

Cüneyt Kılıç | Zendy; Feyza Balan | Zendy

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Is there an environmental Kuznets inverted-U shaped curve?

Author(s) -

Cüneyt Kılıç,

Feyza Balan

Publication year - 2016

Publication title -

panoeconomicus

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.289

H-Index - 14

eISSN - 2217-2386

pISSN - 1452-595X

DOI - 10.2298/pan150215006k

Subject(s) - kuznets curve , openness to experience , ordinary least squares , economics , environmental degradation , environmental quality , energy consumption , econometrics , consumption (sociology) , macroeconomics , biology , ecology , psychology , social psychology , social science , sociology

This study examines the relationship among carbon dioxide (CO2) emissions, income, energy consumption, trade openness, financial development and institutional quality based on the environmental Kuznets curve (EKC) hypothesis in 151 countries for the period 1996-2010, using the Pooled Ordinary Least Squares methods. The results support cubic specification of the EKC hypothesis, which assumes a cubic polynomial inverted U-shaped relationship between income and environmental degradation. Other empirical results indicate that energy consumption, trade openness, financial development and institutional quality are significant variables in explaining CO2 emissions. Key words: CO2 emissions, Environmental Kuznets curve, Economic growth, Panel data analysis, Inverted U-Shape.JEL: C33, F18, F43. U radu se istražuje odnos između emisije ugljenog dioksida (CO2), prihoda, potrosnje energije, otvorenosti trgovine, finansijskog razvoja i institucionalnog kvaliteta zasnovanog na hipotezi Kuznetsove krive (EKC) u 151 zemlji za period 1996-2010. godine, koristeci metod objedinjenih obicnih najmanjih kvadrata. Rezultati podržavaju kubicnu specifikaciju EKC hipoteze, koja pretpostavlja inverznu-U vezu karakteristicnu za kubni polinomni odnos između prihoda i degradacije životne sredine. Drugi empirijski rezultati ukazuju na to da su potrosnja energije, otvorenost trgovine, finansijski razvoj i institucionalni kvalitet znacajne varijable u objasnjavanju emisije CO2. Kljucne reci: emisije CO2, Kuznetsova kriva životne sredine, ekonomski rast, analiza panelnih podataka, Inverzni-U oblik.

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