New insights on the environmental Kuznets curve (EKC) for Central Asia
Caporin, Massimiliano, Cooray, Arusha, Kuziboev, Bekhzod, and Yusubov, Inomjon (2023) New insights on the environmental Kuznets curve (EKC) for Central Asia. Empirical Economics. (In Press)
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Abstract
We estimate the environmental Kuznets curve (EKC) for Central Asia by allowing for the possibility of linear, U-shaped and N-shaped forms, and considering the impact of ecological footprint, climate change adaptation and energy consumption. We employ a fully modified ordinary least squares framework for cointegrating polynomial regressions, and include obtained long-run relations in a panel Vector Error Correction model. The findings suggest that the linear EKC form is more coherent for Central Asia compared to the N-shaped EKC form. We link this to the fact that the Central Asian countries are in the first stage of the EKC. We observe that Gross domestic product, ecological footprint, energy consumption and climate change adaptation positively impact carbon dioxide emissions in the long-run. Moreover, there is bidirectional causality from GDP and climate change adaptation to CO2 emissions, while causality is unidirectional between emissions and energy consumption.
| Item ID: | 81082 |
|---|---|
| Item Type: | Article (Research - C1) |
| ISSN: | 1435-8921 |
| Keywords: | Climate change adaptation, Ecological footprint, Energy consumption, Environmental Kuznets curve, FMOLS, VECM |
| Copyright Information: | © The Author(s) 2023. Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/. |
| Date Deposited: | 21 Nov 2023 02:06 |
| FoR Codes: | 38 ECONOMICS > 3801 Applied economics > 380105 Environment and resource economics @ 100% |
| SEO Codes: | 15 ECONOMIC FRAMEWORK > 1502 Macroeconomics > 150299 Macroeconomics not elsewhere classified @ 30% 17 ENERGY > 1705 Environmentally sustainable energy activities > 170599 Environmentally sustainable energy activities not elsewhere classified @ 70% |
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