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Testing the Environmental Kuznets Curve Hypothesis in BRIC Countries

Author

Listed:
  • Zeinegul Yessymkhanova

    (Esil University, Astana, Kazakhstan)

  • Gulmira Azretbergenova

    (Khoja Akhmet Yassawi International Kazakh-Turkish University, Turkestan, Kazakhstan)

  • Ainura Saparova

    (Khoja Akhmet Yassawi International Kazakh-Turkish University, Turkestan, Kazakhstan)

Abstract

The relationship between economic growth and the environment is an issue that economists have emphasized in recent years. As the effects of environmental problems such as global warming, air pollution, increased use of natural resources, and CO2 emissions have been felt especially since the 1990s, environmental and energy issues have become of primary importance in the field of economic growth in international platforms. For this reason, environmental problems constitute the main agenda in the international arena today. The work of Kuznets (1955) has an important place in this field. In this study, it is aimed to test the Environmental Kuznets Curve hypothesis for the period covering 1980-2021 in BRIC (Brazil, Russia, India and China) countries. For this purpose, panel cointegration analysis was performed in the study, and according to the results, it was observed that the EKC hypothesis is not valid for BRIC countries and there is a U-shaped relationship between economic growth and CO2 emissions.

Suggested Citation

  • Zeinegul Yessymkhanova & Gulmira Azretbergenova & Ainura Saparova, 2024. "Testing the Environmental Kuznets Curve Hypothesis in BRIC Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 14(1), pages 371-376, January.
    • Handle: RePEc:eco:journ2:2024-01-39
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    References listed on IDEAS

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    More about this item

    Keywords

    BRIC; Environmental Kuznets Curve; Energy Consumption; Pedroni Cointegration;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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