Economic Growth and Environmental Quality in a Post-Pandemic World

New Directions in the Econometrics of the Environmental Kuznets Curve

Muhammad Shahbaz, Daniel Balsalobre Lorente, Rajesh Sharma, Muhammad Shahbaz, Daniel Balsalobre Lorente, Rajesh Sharma

• Publisher: Routledge
• Year: 2023
• Print ISBN: 9781032373508
• eBook ISBN: 9781000892925
• Edition: 1
• Topic: Economics
• Subtopic: Environmental Economics
• Index: Economics

In response to the damage caused by a growth-led global economy, researchers across the world started investigating the association between environmental pollution and its possible determinants using different models and techniques. Most famously, the environmental Kuznets curve hypothesizes an inverted U-shaped association between environmental quality and gross domestic product (GDP). This book explores the latest literature on the environmental Kuznets curve, including developments in the methodology, the impacts of the pandemic, and other recent findings.

Researchers have recently broadened the range of the list of drivers of environmental pollution under consideration, which now includes variables such as foreign direct investment, trade expansion, financial development, human activities, population growth, and renewable and nonrenewable energy resources, all of which vary across different countries and times. And in addition to CO2 emissions, other proxies for environmental quality – such as water, land, and ecological footprints – have been used in recent studies. This book also incorporates analysis of the relationship between economic growth and the environment during the COVID-19 crisis, presenting new empirical work on the impact of the pandemic on energy use, the financial sector, trade, and tourism. Collectively, these developments have improved the direction and extent of the environmental Kuznets curve hypothesis and broadened the basket of dependent and independent variables which may be incorporated.

This book will be invaluable reading for researchers in environmental economics and econometrics.

Table of contents

• Cover
• Half-Title
• Series
• Title
• Copyright
• Contents
• List of Contributors
• 1 Examination of the Environmental Kuznets Curve Hypothesis with Quadratic and Cubic Functional Models: An Econometric Analysis of European Countries
• 2 The Effect of Trade, Renewable Energy, and Economic Growth on CO2 Emissions in Central and Eastern Europe
• 3 Air Pollution and COVID-19 Nexus: Insights from Wavelet Approach for Selected Groups of Countries
• 4 The Impact of Economic Growth, International Trade, and Carbon Dioxide Emissions on Portuguese Energy Consumption
• 5 Renewable Energy, Carbon Emissions, and Economic Growth: The Comparison between EKC and RKC
• 6 COVID-19 and Energy Transition: A Review
• 7 EKC Modelling in a Post-pandemic Era: A Policy Note on Socio-ecological Trade-offs
• 8 Sustainable Development through Carbon Neutrality: A Policy Insight from Foreign Direct Investment and Service Policy
• 9 Reset the Industry Redux through Corporate Social Responsibility: The COVID-19 Tourism Impact on Hospitality Firms through Business Model Innovation
• 10 Addressing the Nexus between Economic Growth and Environmental Pollution in a Small Petroleum-Exporting Transition Economy
• 11 Revising the Environmental Kuznets Curve in the Post-COVID-19 Era from an SDGs Perspective
• 12 Revisiting the Environmental Kuznets Curve (EKC): An Analysis Using the Sectoral Output and Ecological Footprint in India
• 13 The Contribution of Transport Modes to Carbon Emissions in Turkey
• 14 The Roles of Education and Export Diversification in the Improvement of Environmental Quality: A Comparison between China and India
• 15 Are Economic Advancements Catalysts for Carbon Emissions? Depicting the Indian Experience