Revisiting the environmental Kuznets curve and pollution haven hypotheses: MIKTA sample
Yükleniyor...
Tarih
2017
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
SPRINGER HEIDELBERG
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study aims to examine the validity of the environmental Kuznets curve (EKC) and pollution haven hypotheses in Mexico, Indonesia, South Korea, Turkey, and Australia (MIKTA) countries from 1982 to 2011 by using a panel vector auto regressive (PVAR) model. Empirical findings imply that the EKC hypothesis is rejected by the MIKTA sample. However, PVAR estimations reveal Granger causality from income level, foreign direct investment (FDI) inward, and energy consumption to CO2 emissions. Orthogonalized impulse-response functions are derived from PVAR estimations. According to the analysis results, the response of CO2 emissions to a shock on FDI is positive. These results assert that FDI has a detrimental effect on environmental quality in MIKTA countries which means the pollution haven hypothesis is confirmed by the MIKTA sample. Therefore, MIKTA countries should revise their current economic growth plans to provide sustainable development and also re-organize their legal infrastructure to induce usage of renewable energy sources.
Açıklama
Anahtar Kelimeler
MIKTA, PanelVAR, Economic Growth, Carbon Dioxide Emissions, Foreign Direct Investment, Environmental, Kuznets Curve, Pollution Haven Hypothesis
Kaynak
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
WoS Q Değeri
N/A
Scopus Q Değeri
Q1
Cilt
24
Sayı
22
