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New insights on the environmental Kuznets curve (EKC) for Central Asia.

Authors :
Caporin, Massimiliano
Cooray, Arusha
Kuziboev, Bekhzod
Yusubov, Inomjon
Source :
Empirical Economics; May2024, Vol. 66 Issue 5, p2335-2354, 20p
Publication Year :
2024

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 CO 2 emissions, while causality is unidirectional between emissions and energy consumption. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
03777332
Volume :
66
Issue :
5
Database :
Complementary Index
Journal :
Empirical Economics
Publication Type :
Academic Journal
Accession number :
176690042
Full Text :
https://doi.org/10.1007/s00181-023-02520-9