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Is Environmental Kuznets Curve Still Relevant?

Author

Listed:
  • Abid Rashid Gill

    (Othman Yeop Abdullah Graduate School of Business, Universiti Utara Malaysia, Malaysia)

  • Kuperan K. Viswanathan

    (Othman Yeop Abdullah Graduate School of Business, Universiti Utara Malaysia, Malaysia)

  • Sallahuddin Hassan

    (School of Economic, Finance and Banking, Universiti Utara Malaysia, Malaysia)

Abstract

The main purpose of this study is to evaluate the relevancy of environmental Kuznets curve (EKC) hypothesis to the environment problem of today world. According to EKC hypothesis, continuous economic growth eventually reverses the environmental degradation created at the early stage of economic development. This hypothesis emerged in the 1990s and led many serious commentators of economic development to assume that developing countries should focus on economic growth and any environmental problem would be automatically solved by the process of economic growth. The necessary message of EKC was “grow now clean later.” The empirical studies on EKC lead to the conclusion that EKC transition exists only for local pollutants. We found that EKC empirical literature is not econometrically sound and the relationship of many types of pollutants with income has not been tested yet due to the non-availability of data. We also conclude that EKC transition is not Pareto efficient and EKC growth strategy is resource intensive and has huge environmental cost that this planet may not be able to absorb in future. The key recommendations of the study are that developing world should follow different growth path than that of EKC. They should choose a growth path that is not detrimental to the environment so that stock of pollution created by advanced countries can be contained and advanced countries should make green technologies affordable to developing countries

Suggested Citation

  • Abid Rashid Gill & Kuperan K. Viswanathan & Sallahuddin Hassan, 2017. "Is Environmental Kuznets Curve Still Relevant?," International Journal of Energy Economics and Policy, Econjournals, vol. 7(1), pages 156-165.
  • Handle: RePEc:eco:journ2:2017-01-17
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    References listed on IDEAS

    as
    1. Nektarios Aslanidis, 2009. "Environmental Kuznets Curves for Carbon Emissions: A Critical Survey," Working Papers 2009.75, Fondazione Eni Enrico Mattei.
    2. Nektarios Aslanidis & Susana Iranzo, 2009. "Environment and development: is there a Kuznets curve for CO2 emissions?," Applied Economics, Taylor & Francis Journals, vol. 41(6), pages 803-810.
    3. Aslanidis, Nektarios, 2009. "Environmental Kuznets Curves for Carbon Emissions: A Critical Survey," Sustainable Development Papers 54299, Fondazione Eni Enrico Mattei (FEEM).
    4. Al-mulali, Usama & Tang, Chor Foon & Ozturk, Ilhan, 2015. "Estimating the Environment Kuznets Curve hypothesis: Evidence from Latin America and the Caribbean countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 50(C), pages 918-924.
    5. Aslanidis, Nektarios, 2009. "Environmental Kuznets Curves for Carbon Emissions: A Critical Survey," Working Papers 2072/15847, Universitat Rovira i Virgili, Department of Economics.
    6. Ansuategi, Alberto & Escapa, Marta, 2002. "Economic growth and greenhouse gas emissions," Ecological Economics, Elsevier, vol. 40(1), pages 23-37, January.
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    Citations

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    Cited by:

    1. repec:eco:journ2:2017-05-5 is not listed on IDEAS
    2. Igor Makarov, 2018. "Discrepancies Between Environmental Kuznets Curves For Production- And Consumption-Based Co2 Emissions," HSE Working papers WP BRP 199/EC/2018, National Research University Higher School of Economics.
    3. repec:eco:journ2:2018-01-1 is not listed on IDEAS
    4. repec:eco:journ2:2019-01-17 is not listed on IDEAS
    5. repec:eee:enepol:v:121:y:2018:i:c:p:576-583 is not listed on IDEAS

    More about this item

    Keywords

    Environment Degradation; Sustainable Development; Local and Global Pollutants; Green Technologies; Pareto Efficient;

    JEL classification:

    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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