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Is environmental Kuznets curve still relevant?

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 dev...

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Main Authors:	Gill, Abid Rashid, Viswanathan, Kuperan K., Hassan, Sallahuddin
Format:	Article
Language:	English
Published:	EconJournals 2017
Subjects:	HD28 Management. Industrial Management
Online Access:	http://repo.uum.edu.my/26598/1/IJEEP%207%201%202017%20156%20165.pdf http://repo.uum.edu.my/26598/ http://econjournals.com/index.php/ijeep/article/view/3644
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id	my.uum.repo.26598
record_format	eprints
spelling	my.uum.repo.265982019-11-14T02:18:31Z http://repo.uum.edu.my/26598/ Is environmental Kuznets curve still relevant? Gill, Abid Rashid Viswanathan, Kuperan K. Hassan, Sallahuddin HD28 Management. Industrial Management 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. EconJournals 2017 Article PeerReviewed application/pdf en http://repo.uum.edu.my/26598/1/IJEEP%207%201%202017%20156%20165.pdf Gill, Abid Rashid and Viswanathan, Kuperan K. and Hassan, Sallahuddin (2017) Is environmental Kuznets curve still relevant? International Journal of Energy Economics and Policy, 7 (1). pp. 156-165. ISSN 2146-4553 http://econjournals.com/index.php/ijeep/article/view/3644
institution	Universiti Utara Malaysia
building	UUM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Utara Malaysia
content_source	UUM Institutional Repository
url_provider	http://repo.uum.edu.my/
language	English
topic	HD28 Management. Industrial Management
spellingShingle	HD28 Management. Industrial Management Gill, Abid Rashid Viswanathan, Kuperan K. Hassan, Sallahuddin Is environmental Kuznets curve still relevant?
description	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.
format	Article
author	Gill, Abid Rashid Viswanathan, Kuperan K. Hassan, Sallahuddin
author_facet	Gill, Abid Rashid Viswanathan, Kuperan K. Hassan, Sallahuddin
author_sort	Gill, Abid Rashid
title	Is environmental Kuznets curve still relevant?
title_short	Is environmental Kuznets curve still relevant?
title_full	Is environmental Kuznets curve still relevant?
title_fullStr	Is environmental Kuznets curve still relevant?
title_full_unstemmed	Is environmental Kuznets curve still relevant?
title_sort	is environmental kuznets curve still relevant?
publisher	EconJournals
publishDate	2017
url	http://repo.uum.edu.my/26598/1/IJEEP%207%201%202017%20156%20165.pdf http://repo.uum.edu.my/26598/ http://econjournals.com/index.php/ijeep/article/view/3644
_version_	1651870666136223744
score	13.211869

Is environmental Kuznets curve still relevant?

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