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is that the EKC is examined in the presence of pollution as a by product of consumption activities; also, pollution is a … environment, consumers do not consider directly pollution in the maximization problem and are assumed to choose between two … that substitution of dirty consumption with clean consumption alone is not sufficient to reduce environmental pollution …
Persistent link: https://www.econbiz.de/10009320998
In the last few years, several studies have found an inverted-U relationship between per capita income and environmental degradation. This relationship, known as the environmental Kuznets curve (EKC), suggests that environmental degradation increases in the early stages of growth, but it...
Persistent link: https://www.econbiz.de/10009391480
The analysis finds that in addition to U-shaped paths of environmental quality arising for growth in income per capita, growth in population can also produce socially efficient patterns that are U-shaped. Sufficient conditions for both types of paths are identified for a range of models and...
Persistent link: https://www.econbiz.de/10004990059
The success of the Montreal Protocol in comparison to the stagnation seen in negotiations surrounding the Kyoto Protocol highlights the importance of a supportive industry group, pre-existing legislation and commitment by a lead nation, affordable and available substitutes, as well as acceptance...
Persistent link: https://www.econbiz.de/10010941055
We compile a database of energy uses, energy sources, and carbon dioxide emissions for the USA for the period 1850-2002. We use a model to extrapolate the missing observations on energy use by sector. Overall emission intensity rose between 1850 and 1917, and fell between 1917 and 2002. The...
Persistent link: https://www.econbiz.de/10005385336
This paper investigates the EKC curves for CO2 emissions in a panel of 109 countries during the period 1959-2001. The length of the series makes the application of a heterogeneous estimator suitable from an econometric point of view. The results, based on the hierarchical Bayes estimator, show...
Persistent link: https://www.econbiz.de/10005385432
We study long run carbon emissions-income relationships for advanced countries grouped in policy relevant groups: North America and Oceania, South Europe, North Europe. By relying on recent advances on Generalized Additive Mixed Models (GAMMs) and adopting interaction models, we handle...
Persistent link: https://www.econbiz.de/10010833920
environmental quality until the moment that pollution is great enough to make profitable the investment in R&D. After this turning …
Persistent link: https://www.econbiz.de/10008489599
The empirical finding of an inverse U-shaped relationship between per capita income and pollution, the so …
Persistent link: https://www.econbiz.de/10004987241
the income-pollution pattern observed in the real world. Low levels of income involve high values of discount rate, that … are obstacles to the adoption of a pollution abatement policy. Only when the discount rate falls, as a consequence of …-shaped income-pollution pattern, making use of an argument that has never yet been introduced in the economic debate on this issue. …
Persistent link: https://www.econbiz.de/10005423180