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Is economic growth good or bad for the environment? Empirical evidence from Korea

Listed author(s):
  • Baek, Jungho
  • Kim, Hyun Seok

The effects of economic growth on the environment in Korea, for a given level of energy consumption, and fossil fuels and nuclear energy in electricity production, are examined in a dynamic cointegration framework. To that end, the autoregressive distributed lag (ARDL) approach is used. We find empirical evidence supporting the existence of the environmental Kuznets curve (EKC) hypothesis for Korea; that is, economic growth indeed plays a favorable role in influencing environmental outcomes. It is also found that, in both the short- and long-run, nuclear energy has a beneficial effect on environmental quality, whereas fossil fuels in electricity production and energy consumption have a detrimental effect on the environment.

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File URL: http://www.sciencedirect.com/science/article/pii/S0140988312003180
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Article provided by Elsevier in its journal Energy Economics.

Volume (Year): 36 (2013)
Issue (Month): C ()
Pages: 744-749

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Handle: RePEc:eee:eneeco:v:36:y:2013:i:c:p:744-749
DOI: 10.1016/j.eneco.2012.11.020
Contact details of provider: Web page: http://www.elsevier.com/locate/eneco

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