This paper presents the results from our investigation of the per-capita, long- term relation between carbon dioxide emissions and gross domestic product (GDP) for the world, obtained with the use of a new, exible estimator. Consistent with simple economic growth models, we find that regional,...

The literature that tests for U-shaped relationships using panel data, such as those between pollution and income or inequality and growth, reports widely divergent (parametric and non-parametric) empirical findings. We explain why lack of identification lies at the root of these differences. To...

This discussion paper resulted in a publication in the <I>Journal of Environmental Economics & Management</I>, 2009, 58, 27-42.<P> The literature that tests for U-shaped relationships using panel data, such as those between pollution and income or inequality and growth, reports widely divergent...</p></i>

The concept of sustainable development requires countries all over the world to use their natural resources rationally while pursuing their economic development, and at the same time to consider the quality of environment as a determinant of their societies’ welfare. First, the method of...

The aim of this study is to investigate the long and the short-run relationships between disaggregate energy consumption (i.e. alternative and nuclear, fossil and renewable) and total factor productivity growth in the Turkish economy for the period 1970-2011. To this end, ARDL bounds testing...

In the context of rising government debt levels in advanced economies and the ongoing euro zone debt crisis, there has been a revival of academic and policy debate on the impact of growing government debt on economic growth. This data-rich study offers an econometric investigation of the...

The rising government debt levels in the aftermath of global financial crisis and the ongoing euro zone debt crisis have necessitated the revival of the academic and policy debate on the impact of growing debt levels on growth. This study provides a data–rich analysis of the dynamics of...

The surge of government debt during the post-global financial crisis and the ongoing euro zone sovereign debt crisis has begun raising concerns whether government debt levels have hit the tipping points. This study offers to contribute in the following ways: First, we find out whether the...

One of the rudiment features of international trade theory is that open economies achieve high economic growth rates than closed economies. The current study aims to investigate how economic freedom impacts economic growth. Therefore, economic growth model is estimated by using 17(Middle East...