1st Edition
Economic Growth and Environmental Quality in a Post-Pandemic World New Directions in the Econometrics of the Environmental Kuznets Curve
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.
1 Examination of the Environmental Kuznets Curve Hypothesis with Quadratic and Cubic Functional Models: An Econometric Analysis of European Countries
MUHAMMAD SHAHBAZ, KENAN İLARSLAN, AND MUNEVVERE YILDIZ
2 The Effect of Trade, Renewable Energy, and Economic Growth on CO2 Emissions in Central and Eastern Europe
NUNO CARLOS LEITAO, DANIEL BALSALOBRE-LORENTE, AND MUHAMMAD SHAHBAZ
3 Air Pollution and COVID-19 Nexus: Insights from Wavelet Approach for Selected Groups of Countries
MUHAMMAD IBRAHIM SHAH, AVIK SINHA, ARSHIAN SHARIF, AND SOLOMON PRINCE NATHANIEL
4 The Impact of Economic Growth, International Trade, and Carbon Dioxide Emissions on Portuguese Energy Consumption
NUNO CARLOS LEITAO, CLARA CONTENTE DOS SANTOS PARENTE, AND DANIEL BALSALOBRE-LORENTE
5 Renewable Energy, Carbon Emissions, and Economic Growth: The Comparison between EKC and RKC
CONGYU ZHAO, XIUCHENG DONG, AND KANGYIN DONG
6 COVID-19 and Energy Transition: A Review
DANIEL BALSALOBRE-LORENTE, WALTER FERRARESE, ISMAEL GALVEZ-INIESTA, MONICA A. GIOVANNIELLO, AND ELPINIKI BAKAOUKA
7 EKC Modelling in a Post-pandemic Era: A Policy Note on Socio-ecological Trade-offs
AVIK SINHA AND NICOLAS SCHNEIDER
8 Sustainable Development through Carbon Neutrality: A Policy Insight from Foreign Direct Investment and Service Policy
EDMUND NTOM UDEMBA
9 Reset the Industry Redux through Corporate Social Responsibility: The COVID-19 Tourism Impact on Hospitality Firms through Business Model Innovation
JAFFAR ABBAS, KHALID AL-SULAITI, DANIEL BALSALOBRE LORENTE, SYED ALE RAZA SHAH, AND UMER SHAHZAD
10 Addressing the Nexus between Economic Growth and Environmental Pollution in a Small Petroleum-Exporting Transition Economy
ELKHAN RICHARD SADIK-ZADA, ANDREA GATTO, AND MUBARIZ MAMMADLI
11 Revising the Environmental Kuznets Curve in the Post-COVID-19 Era from an SDGs Perspective
MUHAMMAD AZAM, AHMED IMRAN HUNJRA, MAHNOOR HANIF, AND QASIM ZUREIGAT
12 Revisiting the Environmental Kuznets Curve (EKC): An Analysis Using the Sectoral Output and Ecological Footprint in India
MUHAMMED ASHIQ VILLANTHENKODATH
13 The Contribution of Transport Modes to Carbon Emissions in Turkey
MUHAMMAD SHAHBAZ, TUĞRUL BAYAT, AND MEHMET TANYAŞ
14 The Roles of Education and Export Diversification in the Improvement of Environmental Quality: A Comparison between China and India
MUHAMMAD SHAHBAZ, MANTU KUMAR MAHALIK, SHUJAAT MUBARAK, AND SHAWKAT HAMMOUDEH
15 Are Economic Advancements Catalysts for Carbon Emissions? Depicting the Indian Experience
NIKUNJ PATEL, YASWANTH KAREDLA, ROHIT MISHRA, AND PRADEEP KAUTISH
Biography
Muhammad Shahbaz, School of Management and Economics, Beijing Institute of Technology, China.
Daniel Balsalobre Lorente, Department of Political Economy and Public Finance, Economic and Business Statistics and Economic Policy, University of Castilla La Mancha, Spain.
Rajesh Sharma, SCMS, Nagpur, and Constituent of Symbiosis International University, Pune, India.