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Year 2015, Volume: 4 Issue: 1, 0 - 0, 29.03.2015

Billur Engin Balin , Dilara Mumcu Akan

Abstract

References

  • • Akbostanci, E. – S. Turut-Asik and G. I. Tunc (2009), “The Relationship between Income and Environment in Turkey: Is There an Environmental Kuznets Curve?”, Energy Policy, 37 (3), pp. 861–867
  • • Ayres, R. U. and J. Van den Bergh (2005), “A Theory of Economic Growth with Material/Energy Resources and Dematerialization: Interaction of Three Growth Mechanisms”, Ecological Economics, 55(1), pp. 96–118.
  • • Baiardi, D. (2014), “Technological Progress and the Environmental Kuznets Curve in the Twenty Regions of Italy”, The B. E. Journal of Economic Analysis and Policy, 14(4), pp. 1501-1542.
  • • Baltagi, B. H. (2005), Econometric Analysis of Panel Data, 3rd ed., John Wiley and Sons.
  • • Beckerman, W. (1992), “Economic Growth and the Environment: Whose Growth? Whose Environment”, World Development, 20, pp. 481-496.
  • • Bhattarai, M. and M Hammig (2001), “Institutions and the Environmental Kuznets Curve for Deforestation: A Cross-Country Analysis for Latin America, Africa, and Asia”, World Development, 29(6), pp. 995 – 1010.
  • • Bradford D. F. – R. A. Fender – S. H. Shore and M. Wagner (2005), “The Environmental Kuznets Curve: Exploring a Fresh Specification”, The B. E. Journal of Economic Analysis and Policy, 4(1).
  • • Bruyn, S. M. and J. B. Opschoor (1997), “Development in the Throughput–Income Relationship: Theoretical and Empirical Observation”, Ecological Economics, 20(3), pp. 255–268.
  • • Carson, R.T. – Y. Jeon and D. R. McCubbin (1997), “The Relationship between Air Pollution Emissions and Income: US Data”, Environment and Development Economics, 2(4), pp. 433-450.
  • • Coondoo, D. and S. Dinda (2002), “Causality between Income and Emission: A Country Group-Specific Econometric Analysis”, Ecological Economics, 40(3), pp. 351–367.
  • • Dasgupta, S. – B. Laplante – H. Wang and D. Wheeler (2002), “Confronting the Environmental Kuznets Curve”, The Journal of Economic Perspectives, 16(1), pp. 147–168
  • • Dasgupta, S. – K. Hamilton – K. D. Pandey and D. Wheeler (2006), “Environment During Growth: Accounting for Governance and Vulnerability”, World Development, 34(9), pp. 1597–1611.
  • • De Bruyn, S.M. – J. C. J. M. Van Den Bergh and J. B. Opschoor (1998), “Economic Growth and Emissions: Reconsidering the Empirical Basis of Environmental Kuznets Curves”, Ecological Economics, 25(2), pp. 161 – 175
  • • Dijkgraaf, E. and H. R. S. Vollebergh (1998), “Growth and Environment—Is There a Kuznets Curve for Carbon Emissions?”, 2nd ESEE conference, University of Geneva.
  • • Dijkgraaf, E. and H. R. S. Vollebergh (2001), “A Note on Testing for Environmental Kuznets Curves with Panel Data”, FEEM Working Paper, No: 63.
  • • Egli, H. (2002), “Are Cross-Country Studies of the Environmental Kuznets Curve Misleading? New Evidence From Time Series Data or Germany”, FEEM Working Paper, No: 25.
  • • Grossman, G.M. and A. B. Kruger (1991), “Environmental Impacts of the North American Free Trade Agreement”, NBER Working Paper, No: 3914.
  • • Grossman, G.M. and A.B. Krueger (1995), “Economic Growth and the Environment”, Quarterly Journal of Economics, 110 (2), pp. 353–377.
  • • Halicioglu, F. (2009), “An Econometric Study of CO2emissions, Energy Consumption, Income and Foreign Trade in Turkey”, Energy Policy, 37(3), pp. 1156–1164.
  • • He, Y. W and J. R. Jiang (2012), “Technology Innovation Based on Environmental Kuznets Curve Hypothesis”, Advance Material Research, 573-574, pp. 831-835.
  • • Huang, D. R (2011), “Study on the Internal Relationship between Porter Hypothesis and Environmental Kuznets Curve”, Science and Technology Information, 27.
  • • Kuznets, S. (1955), “Economic Growth and Income Inequality”, American Economic Review, 45 (1), pp. 1–28.
  • • Lantz, V. and Q. Feng (2006), “Assessing Income, Population, and Technology Impacts On CO2 Emissions in Canada: Where’s The EKC?”, Ecological Economics, 57(2), pp. 229–238.
  • • Meadows, D. H. – D. L. Meadows – J. Randers and W.W. Behrens (1972), The Limits to Growth, New York University Books.
  • • Moomaw, W. R. and G. C. Unruh (1997), “Are Environmental Kuznets Curves Misleading Us? The Case of CO2emissions”, Environment and Development Economics, 2(4), pp. 451–463.
  • • Panayotou, T. (1993), “Empirical Tests and Policy Analysis of Environmental Degradation at Different Stages of Economic Development”, ILO Technology and Employment Program Working Paper, No: WP238.
  • • Panayotou, T. – A. Peterson and J. Sachs (2000), “Is the Environmental Kuznets Curve Driven by Structural Change? What Extended Time Series May Imply for Developing Countries?”, CAER II Discussion Paper, No:80.
  • • Perman, R. and D. I. Stern (2003), “Evidence from Panel Unit Root and Co- integration Tests that the Environmental Kuznets Curve Does Not Exist”, Australian Journal of Agricultural and Resource Economics, 47(3), pp. 325–347.
  • • Porter, M. E. and van der Linde, C., (1995), “Toward a New Conception of the Environment-Competitiveness Relationship”, Journal of Economic Perspectives, 9 (4), pp. 97-118.
  • • Selden, T.M. and D. Song (1994), “Environmental Quality And Development: Is There A Kuznets Curve for Air Pollution Emissions?”, Journal of Environmental Economics and Management, 27 (2), pp. 147–162.
  • • Shafik, N. and S. Bandyopadhyay (1992), “Economic Growth and Environmental Quality: Time Series and Cross-Country Evidence”, Background Paper for World Development Report 1992, World Bank, Washington DC.
  • • Shafik, N. (1994), “Economic Development and Environmental Quality: An Econometric Analysis”, Oxford Economic Papers, 46, pp. 757 – 773.
  • • Stern, D.I. – M. S Common and E. B. Barbier (1996), “Economic Growth and Environmental Degradation: The Environmental Kuznets Curve and Sustainable Development”, World Development, 24(7), pp. 1151–1160.
  • • Torras, M. and J. K. Boyce (1998), “Income, Inequality, and Pollution: A Reassessment of the Environmental Kuznets Curve”, Ecological Economics, 25(2), pp. 147 – 160.
  • • Wagner, M., and G. Müller-Fürstenberger (2008), “The Carbon Kuznets Curve: A Cloudy Picture Emitted by Bad Econometrics?”, Resource and Energy Economics, 30(3), pp. 388-408.
  • • Vincent, J.R. (1997), “Testing for Environmental Kuznets Curves within a Developing Country”, Environment and Development Economics, 2(4), pp. 417 – 431.

EKC HYPOTHESIS AND THE EFFECT OF INNOVATION: A PANEL DATA ANALYSIS

Year 2015, Volume: 4 Issue: 1, 0 - 0, 29.03.2015

Billur Engin Balin , Dilara Mumcu Akan

Abstract

 In recent years, sustainable development has represented one of the most important aims of the economic policy explored in the environmental Kuznets curve (EKC) literature. The present paper contributes to this ongoing literature by comparing two different EKC specifications for 27 developed countries over the period 1997-2009 using panel data methods. It is found an N-shaped relationship between CO2 per capita and GDP per capita which differs from the traditional U-shaped EKC. The paper also examines the possible effects of innovative investments and industrial production on the environmental Kuznets curve (EKC) for CO2 emissions.

References

  • • Akbostanci, E. – S. Turut-Asik and G. I. Tunc (2009), “The Relationship between Income and Environment in Turkey: Is There an Environmental Kuznets Curve?”, Energy Policy, 37 (3), pp. 861–867
  • • Ayres, R. U. and J. Van den Bergh (2005), “A Theory of Economic Growth with Material/Energy Resources and Dematerialization: Interaction of Three Growth Mechanisms”, Ecological Economics, 55(1), pp. 96–118.
  • • Baiardi, D. (2014), “Technological Progress and the Environmental Kuznets Curve in the Twenty Regions of Italy”, The B. E. Journal of Economic Analysis and Policy, 14(4), pp. 1501-1542.
  • • Baltagi, B. H. (2005), Econometric Analysis of Panel Data, 3rd ed., John Wiley and Sons.
  • • Beckerman, W. (1992), “Economic Growth and the Environment: Whose Growth? Whose Environment”, World Development, 20, pp. 481-496.
  • • Bhattarai, M. and M Hammig (2001), “Institutions and the Environmental Kuznets Curve for Deforestation: A Cross-Country Analysis for Latin America, Africa, and Asia”, World Development, 29(6), pp. 995 – 1010.
  • • Bradford D. F. – R. A. Fender – S. H. Shore and M. Wagner (2005), “The Environmental Kuznets Curve: Exploring a Fresh Specification”, The B. E. Journal of Economic Analysis and Policy, 4(1).
  • • Bruyn, S. M. and J. B. Opschoor (1997), “Development in the Throughput–Income Relationship: Theoretical and Empirical Observation”, Ecological Economics, 20(3), pp. 255–268.
  • • Carson, R.T. – Y. Jeon and D. R. McCubbin (1997), “The Relationship between Air Pollution Emissions and Income: US Data”, Environment and Development Economics, 2(4), pp. 433-450.
  • • Coondoo, D. and S. Dinda (2002), “Causality between Income and Emission: A Country Group-Specific Econometric Analysis”, Ecological Economics, 40(3), pp. 351–367.
  • • Dasgupta, S. – B. Laplante – H. Wang and D. Wheeler (2002), “Confronting the Environmental Kuznets Curve”, The Journal of Economic Perspectives, 16(1), pp. 147–168
  • • Dasgupta, S. – K. Hamilton – K. D. Pandey and D. Wheeler (2006), “Environment During Growth: Accounting for Governance and Vulnerability”, World Development, 34(9), pp. 1597–1611.
  • • De Bruyn, S.M. – J. C. J. M. Van Den Bergh and J. B. Opschoor (1998), “Economic Growth and Emissions: Reconsidering the Empirical Basis of Environmental Kuznets Curves”, Ecological Economics, 25(2), pp. 161 – 175
  • • Dijkgraaf, E. and H. R. S. Vollebergh (1998), “Growth and Environment—Is There a Kuznets Curve for Carbon Emissions?”, 2nd ESEE conference, University of Geneva.
  • • Dijkgraaf, E. and H. R. S. Vollebergh (2001), “A Note on Testing for Environmental Kuznets Curves with Panel Data”, FEEM Working Paper, No: 63.
  • • Egli, H. (2002), “Are Cross-Country Studies of the Environmental Kuznets Curve Misleading? New Evidence From Time Series Data or Germany”, FEEM Working Paper, No: 25.
  • • Grossman, G.M. and A. B. Kruger (1991), “Environmental Impacts of the North American Free Trade Agreement”, NBER Working Paper, No: 3914.
  • • Grossman, G.M. and A.B. Krueger (1995), “Economic Growth and the Environment”, Quarterly Journal of Economics, 110 (2), pp. 353–377.
  • • Halicioglu, F. (2009), “An Econometric Study of CO2emissions, Energy Consumption, Income and Foreign Trade in Turkey”, Energy Policy, 37(3), pp. 1156–1164.
  • • He, Y. W and J. R. Jiang (2012), “Technology Innovation Based on Environmental Kuznets Curve Hypothesis”, Advance Material Research, 573-574, pp. 831-835.
  • • Huang, D. R (2011), “Study on the Internal Relationship between Porter Hypothesis and Environmental Kuznets Curve”, Science and Technology Information, 27.
  • • Kuznets, S. (1955), “Economic Growth and Income Inequality”, American Economic Review, 45 (1), pp. 1–28.
  • • Lantz, V. and Q. Feng (2006), “Assessing Income, Population, and Technology Impacts On CO2 Emissions in Canada: Where’s The EKC?”, Ecological Economics, 57(2), pp. 229–238.
  • • Meadows, D. H. – D. L. Meadows – J. Randers and W.W. Behrens (1972), The Limits to Growth, New York University Books.
  • • Moomaw, W. R. and G. C. Unruh (1997), “Are Environmental Kuznets Curves Misleading Us? The Case of CO2emissions”, Environment and Development Economics, 2(4), pp. 451–463.
  • • Panayotou, T. (1993), “Empirical Tests and Policy Analysis of Environmental Degradation at Different Stages of Economic Development”, ILO Technology and Employment Program Working Paper, No: WP238.
  • • Panayotou, T. – A. Peterson and J. Sachs (2000), “Is the Environmental Kuznets Curve Driven by Structural Change? What Extended Time Series May Imply for Developing Countries?”, CAER II Discussion Paper, No:80.
  • • Perman, R. and D. I. Stern (2003), “Evidence from Panel Unit Root and Co- integration Tests that the Environmental Kuznets Curve Does Not Exist”, Australian Journal of Agricultural and Resource Economics, 47(3), pp. 325–347.
  • • Porter, M. E. and van der Linde, C., (1995), “Toward a New Conception of the Environment-Competitiveness Relationship”, Journal of Economic Perspectives, 9 (4), pp. 97-118.
  • • Selden, T.M. and D. Song (1994), “Environmental Quality And Development: Is There A Kuznets Curve for Air Pollution Emissions?”, Journal of Environmental Economics and Management, 27 (2), pp. 147–162.
  • • Shafik, N. and S. Bandyopadhyay (1992), “Economic Growth and Environmental Quality: Time Series and Cross-Country Evidence”, Background Paper for World Development Report 1992, World Bank, Washington DC.
  • • Shafik, N. (1994), “Economic Development and Environmental Quality: An Econometric Analysis”, Oxford Economic Papers, 46, pp. 757 – 773.
  • • Stern, D.I. – M. S Common and E. B. Barbier (1996), “Economic Growth and Environmental Degradation: The Environmental Kuznets Curve and Sustainable Development”, World Development, 24(7), pp. 1151–1160.
  • • Torras, M. and J. K. Boyce (1998), “Income, Inequality, and Pollution: A Reassessment of the Environmental Kuznets Curve”, Ecological Economics, 25(2), pp. 147 – 160.
  • • Wagner, M., and G. Müller-Fürstenberger (2008), “The Carbon Kuznets Curve: A Cloudy Picture Emitted by Bad Econometrics?”, Resource and Energy Economics, 30(3), pp. 388-408.
  • • Vincent, J.R. (1997), “Testing for Environmental Kuznets Curves within a Developing Country”, Environment and Development Economics, 2(4), pp. 417 – 431.
There are 36 citations in total.

Details

Journal Section Articles
Authors

Billur Engin Balin

Dilara Mumcu Akan This is me

Publication Date March 29, 2015
Published in Issue Year 2015 Volume: 4 Issue: 1

Cite

APA Balin, B. E., & Akan, D. M. (2015). EKC HYPOTHESIS AND THE EFFECT OF INNOVATION: A PANEL DATA ANALYSIS. Journal of Business Economics and Finance, 4(1). https://doi.org/10.17261/Pressacademia.201519952

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