首页|Revisiting the carbon emissions hypothesis in the developing and developed countries: a new panel cointegration approach

Revisiting the carbon emissions hypothesis in the developing and developed countries: a new panel cointegration approach

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  • NSTL
  • Springer Nature
Since global warming worsens with economic development and emitted CO2 is one of the main greenhouse gases, it is important to understand the relationship between CO2 emissions and economic growth. The paper applies a new panel cointegration test with cross-sectional dependence and structural breaks to examine this relationship in developed and developing countries, respectively. The results indicate that the "Environmental Kuznets Curve" does not hold in either group. For developing countries, there is neither linear nor quadratic long-term equilibrium relationship between CO2 emissions and economic growth. For developed countries, the quadratic relationship does exist between CO2 emissions and economic growth, whereas the linear one does not. A half of these countries have inverted U-shaped curves, while the other half have U-shaped curves. Besides, most of these countries are still on the rising stage of the curve. This paper gives new insights for policymakers to keep a balance between sustainable economic growth and suitable environmental quality.

CO2 emissionsCross-sectional dependenceEconomic growthPanel cointegrationStructural breaksENVIRONMENTAL KUZNETS CURVEUNIT-ROOT TESTSCO2 EMISSIONSECONOMIC-GROWTHENERGY-CONSUMPTIONEMPIRICAL-EVIDENCEDIOXIDE EMISSIONSRENEWABLE ENERGYINCOMEURBANIZATION

Du, Chonghua、Xue, Jing、Wang, Weiguo、Tong, Jian

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Dalian Commod Exchange

Dongbei Univ Finance & Econ

Cent Univ Finance & Econ

2022

10.1007/s10651-021-00526-z

Environmental and ecological statistics

Environmental and ecological statistics

SCI
ISSN：1352-8505
年,卷(期)：2022.29(2)
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