Economic Growth and Environmental Quality in a Post-Pandemic World: New Directions in the Econometrics of the Environmental Kuznets Curve

The environmental Kuznets curve hypothesizes an inverted U-shaped association between environmental quality and gross domestic product (GDP). Researchers have broadened the range of drivers of environmental pollution, including foreign direct investment, trade expansion, financial development, human activities, population growth, and renewable and nonrenewable energy resources. This book also incorporates analysis of the relationship between economic growth and the environment during the COVID-19 crisis.

Format: Hardback
Length: 324 pages
Publication date: 28 July 2023
Publisher: Taylor & Francis Ltd

In response to the detrimental impact of a growth-oriented global economy, researchers worldwide have embarked on a comprehensive exploration of the relationship between environmental pollution and its potential determinants. One of the most well-known theories in this field is the environmental Kuznets curve (EKC), which suggests an inverted U-shaped association between environmental quality and gross domestic product (GDP). This book delves into the latest literature on the EKC, encompassing advancements in methodology, the consequences of the pandemic, and other recent findings.

Researchers have expanded the scope of factors contributing to environmental pollution, including foreign direct investment, trade expansion, financial development, human activities, population growth, and renewable and nonrenewable energy resources. These variables exhibit significant variations across different countries and historical periods. Furthermore, in addition to carbon dioxide (CO2) emissions, researchers have employed various proxies for environmental quality, such as water, land, and ecological footprints, to enhance our understanding of the relationship between economic growth and the environment.

Furthermore, this book incorporates an analysis of the interplay between economic growth and the environment during the COVID-19 crisis, presenting novel empirical evidence on the pandemic's impact on energy use, the financial sector, trade, and tourism. Collectively, these developments have significantly refined the direction and magnitude of the EKC hypothesis and broadened the range of dependent and independent variables that can be incorporated into the analysis.

This book is a valuable resource for researchers in environmental economics and econometrics, providing a comprehensive and up-to-date examination of the latest research in this field.

Dimension: 234 x 156 (mm)
ISBN-13: 9781032373508