This book investigates the relationship between environmental degradation and income, focusing on carbon dioxide (CO 2 ) emissions from around the world, to explore the possibility of sustainable development under global warming. Although many researchers have tackled this problem by estimating the Environmental Kuznets Curve (EKC), unlike the approach to sulfur dioxide emissions, there seems to be little consensus about whether EKC is formed with regard to CO 2 emissions. Thus, EKC is one of the most controversial issues in the field of environmental economics. This book contributes three points with academic rigor. First, an unbalanced panel dataset containing over 150 countries with the latest CO 2 emission data between 1960 and 2010 is constructed. Second, based on this dataset, the CO 2 emissionincome relationship is analyzed using strict econometric methods such as the dynamic panel model. Third, as it is often pointed out that some factorsother than income affect CO 2 emission, several variables were added to the estimation model to examine the effects of changes of industrial structure, energy composition, and overseas trade on CO 2 emission.

Focuses on carbon dioxide emission, which has not been sufficiently analyzed with regard to the emissionincome relationship Adopts some additional variables to investigate the effects on the relationship between emission and income Builds a panel dataset using the latest data and analyzes it in a strict econometric manner Includes supplementary material: sn.pub/extras

Autorentext

Katsuhisa Uchiyama Senior Economist Research Institute of Capital Formation Development Bank of Japan

Inhalt
1 Introduction.- 2 Environmental Kuznets Curve Hypothesis.- 3 Empirical Analysis of the Environmental Kuznets Curve.- 4 Concluding Remarks.- Appendix A Stokey Model with Accumulative Pollutant.- Appendix B Nonstationary Panel Data.- Appendix C Model Specification Test.- Further Reading.