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dc.contributor.authorChoi, Eunhoen_US
dc.contributor.authorHeshmati, Almesen_US
dc.contributor.authorCho, Yongsungen_US
dc.date.accessioned2011-09-20en_US
dc.date.accessioned2011-11-23T11:33:24Z-
dc.date.available2011-11-23T11:33:24Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/51706-
dc.description.abstractThis paper investigates the existence of the environmental Kuznets curve (EKC) for carbon dioxide (CO2) emissions and its causal relationships with economic growth and openness by using time series data (1971-2006) from China (an emerging market), Korea (a newly industrialized country), and Japan (a developed country). The sample countries span a whole range of development stages from industrialized to newly industrialized and emerging market economies. The environmental consequences according to openness and economic growth do not show uniform results across the countries. Depending on the national characteristics, the estimated EKC show different temporal patterns. China shows an N-shaped curve while Japan has a U-shaped curve. Such dissimilarities are also found in the relationship between CO2 emissions and openness. In the case of Korea and Japan it represents an inverted Ushaped curve, while China shows a U-shaped curve. We also analyze the dynamic relationships between the variables by adopting a vector auto regression or a vector error correction model. These models through the impulse response functions allow for analysis of the causal variable's influence on the dynamic response of emission variables and it adopts a variance decomposition to explain the magnitude of the forecast error variance determined by the shocks to each of the causal variables over time. Results show evidence of large heterogeneity among the countries and variables impacts.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5304en_US
dc.subject.jelC32en_US
dc.subject.jelF18en_US
dc.subject.jelF43en_US
dc.subject.jelN55en_US
dc.subject.jelO13en_US
dc.subject.jelQ56en_US
dc.subject.ddc330en_US
dc.subject.keywordcarbon dioxide (CO2)en_US
dc.subject.keywordenvironmental Kuznets curve (EKC)en_US
dc.subject.keywordeconomic growthen_US
dc.subject.keywordfree tradeen_US
dc.subject.keyworddevelopmenten_US
dc.titleAn empirical study of the relationships between CO2 emissions, economic growth and opennessen_US
dc.typeWorking Paperen_US
dc.identifier.ppn668561998en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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