Open AccessAssessment of the Impact of Environmental Pollution on Economic Growth
Author(s) -
О.В. Кудрявцева,
Е. В. Иванов,
Daria Kolesnik,
Evgeniy Matveev,
С. А. Печенкин,
Ю. И. Якимова
Publication year - 2017
Publication title -
naučnye issledovaniâ èkonomičeskogo fakulʹteta
Language(s) - English
Resource type - Journals
ISSN - 2078-3809
DOI - 10.38050/2078-3809-2017-9-3-68-80
Subject(s) - kuznets curve , economics , turning point , work (physics) , environmental pollution , pollution , natural resource economics , econometrics , macroeconomics , ecology , environmental science , environmental protection , mechanical engineering , engineering , physics , acoustics , period (music) , biology
The work is devoted to testing the hypothesis of the existence of an inverted U-shaped dependence of economic growth on the level of environmental pollution, which was based on the concept of the ecological curve of Kuznets. The authors, using econometric methods and data from the World Bank, show that the hypothesis is correct: there is a turning point between the positive and negative nature of the dependence of economic growth on the level of CO2 emissions. The hypothesis is confirmed for low- and middle-income countries, and the dependence is linear negative for countries with a high level of income. Based on the results, the authors formulate recommendations on environmental regulation in accordance with the level of the country's economic development.