Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/53373 
Year of Publication: 
2009
Series/Report no.: 
Nota di Lavoro No. 75.2009
Publisher: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Abstract: 
The empirical finding of an inverse U-shaped relationship between per capita income and pollution, the so-called Environmental Kuznets Curve (EKC), suggests that as countries experience economic growth, environmental deterioration decelerates and thus becomes less of an issue. Focusing on the prime example of carbon emissions, the present article provides a critical review of the new econometric techniques that have questioned the baseline polynomial specification in the EKC literature. We discuss issues related to the functional form, heterogeneity, spurious regressions and spatial dependence to address whether and to what extent the EKC can be observed. Despite these new approaches, there is still no clear-cut evidence supporting the existence of the EKC for carbon emissions.
Subjects: 
Environmental Kuznets Curve
Carbon Emissions
Functional Form
Heterogeneity
Spurious Regressions
Spatial Dependence
JEL: 
C20
Q32
Q50
O13
Document Type: 
Working Paper

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