The extant literature has produced mixed evidence on the relationship between financial development and ecological sustainability. This work addresses this conundrum by investigating financial development's direct and indirect consequences on ecological quality utilizing the environmental...

The Environmental Kuznets Curve (EKC) hypothesizes that the income-pollution relationship has an inverted U shape: pollution increases with income up to a turning point beyond which it decreases. The empirical literature has concentrated on estimation of this relationship at the mean employing...

We propose an estimation strategy that accounts for two major problems raised in the empirical literature testing for the prevalence of the inverted U-shaped relation between environmental degradation and economic activity, namely the Environmental Kuznets Curve (EKC) hypothesis. First, we use...

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, flexible estimator. Consistent with simple economic growth models, we find that regional,...

A well-known hypothesis providing support for a policy that emphasizes economic growth at the expense of environmental protection is the environmental Kuznets curve (EKC) hypothesis. Although this relation has been mainly explored at the macro-economic level, there are few researches examining...

We propose an estimation strategy that accounts for two major problems raised in the empirical literature testing for the prevalence of the inverted U-shaped relation between environmental degradation and economic activity, namely the Environmental Kuznets Curve (EKC) hypothesis. First, we use...

This paper investigates the dynamics between financial development, governance quality, renewable energy consumption, urbanization, oil prices, and environmental quality in 123 selected countries during the period 1990-2017. In particular, we examine the conditional effect of governance quality...

This paper aims to investigate the effects of urbanization, renewable and non-renewable energy consumption, trade liberalization, and economic growth on pollutant emissions and energy intensity in selected Asian developing countries from 1980 to 2010. We use both linear and nonlinear panel data...

This paper presents empirical estimates of Environmental Kuznets Curves for a panel of Latin-American countries over the period 1975-1998. It uses a new econometric technique that allows for more flexible assumptions in a panel data framework with a large time dimension. Unlike most previous...

This paper casts doubt on empirical results based on panel estimations of an "inverted-U" relationship between per capita GDP and pollution. Using a new data set for OECD countries on carbon dioxide emissions for the period 1960-1997, we find that the crucial assumption of homogeneity across...