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Economic Growth and the Environment
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The relationship between economic growth and environmental quality is not fixed along a country's development path and it may change as a country reaches a level of income at which people can demand and afford a more efficient infrastructure and a cleaner environment as discussed by the authors.Abstract:
Will the world be able to sustain economic growth indefinitely without running into resource constraints or despoiling the environment beyond repair? What is the relationship between steadily increasing incomes and environmental quality? This paper builds on the author's earlier work (1993), in which he argued that the relationship between economic growth and environmental quality – whether inverse or direct -- is not fixed along a country's development path. Indeed, he hypothesized, it may change as a country reaches a level of income at which people can demand and afford a more efficient infrastructure and a cleaner environment. This implied inverted-U relationship between environmental degradation and economic growth came to be known as the "Environmental Kuznets Curve," by analogy with the income-inequality relationship postulated by Kuznets (1965, 1966). The objective of this paper is to critically review, synthesize and interpret the literature on the relationship between economic growth and environment. This literature has followed two distinct but related strands of research: an empirical strand of ad hoc specifications and estimations of a reduced form equation, relating an environmental impact indicator to income per capita; and a theoretical strand of macroeconomic models of interaction between environmental degradation and economic growth, including optimal growth, endogenous growth and overlapping generations models. The author concludes that the macroeconomic models generally support the empirical findings of the Environmental Kuznets Curve literature. He suggests further empirical investigation related to the assumption of additive separability, as well as development of additional macroeconomic models that allow for a more realistic role for government.read more
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Energy consumption and working hours: a longitudinal study of developed and developing nations, 1990–2008
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How China is fostering sustainable growth: the interplay of green investment and production-based emission.
TL;DR: The study found that green investment and renewable energy consumption are both helpful in controlling production-based carbon emissions, while trade openness increases production- based carbon emissions.
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The Quality of Growth
Ann L. Owen,Julio Videras +1 more
TL;DR: This article used latent class analysis to categorize development experiences and predict membership in growth quality classes using many of the standard determinants of growth in a non-linear way and found that population growth is more consistently related to a broader measure of growth quality than is typically found in standard growth regressions.
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Revisiting the environmental Kuznets curve and pollution haven hypotheses: MIKTA sample
TL;DR: It is asserted that FDI has a detrimental effect on environmental quality in MIKTA countries which means the pollution haven hypothesis is confirmed by the MIKta sample.
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On the remittances-environment led hypothesis: Empirical evidence from BRICS economies
TL;DR: The panel causality test confirms the bidirectional linkage between remittances and CO 2 emissions and that the FDI inflows to this region increase the CO 2 emission, hence obeying the pollution haven hypothesis.
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