Does CO emissions-economic growth relationship reveal EKC in developing countries? Evidence from Kazakhstan.

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ID: 13230
2019
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Abstract
This paper investigates the CO emissions-economic growth relationship in Kazakhstan for the period 1992-2013. Johansen, ARDLBT, DOLS, FMOLS, and CCR cointegration methods are used for robustness purpose. We start with the cubic functional form to rule out any misleading results that can be caused by misspecification. Although the estimation results suggest "U"-shaped relationship, the turning point of income is out of the period. It means that the impact of economic growth on CO is monotonically increasing in the long run indicating the Environmental Kuznets Curve (EKC) hypothesis does not hold for Kazakhstan. Moreover, we calculate that the income elasticity of CO is about unity. The paper concludes that the Kazakhstani policymakers should focus on less energy-intensive sectors as well as using more renewable energy in order to avoid higher pollution effects of economic growth. They may also set new policy regulations for CO reduction.
Reference Key
hasanov2019doesenvironmental Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Hasanov, Fakhri J;Mikayilov, Jeyhun I;Mukhtarov, Shahriyar;Suleymanov, Elchin;
Journal Environmental science and pollution research international
Year 2019
DOI
10.1007/s11356-019-06166-y
URL
Keywords Keywords not found

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