Title: A Modified Environmental Kuznets Curve for sustainable development assessment using panel data
Authors: Valeria Costantini, Chiara Martini
Addresses: Department of Economics, University of Roma Tre, Via Silvio D'Amico 77, 00145 Rome, Italy. ' Department of Economics, University of Roma Tre, Via Silvio D'Amico 77, 00145 Rome, Italy
Abstract: Many empirical studies have tried to analyse the causal relations between economic growth and environmental degradation by using the Environmental Kuznets Curve (EKC). Despite the huge diffusion of EKC studies, this model has been criticised for incompleteness in a sustainable development context. The aim of this paper is to build a Modified EKC (MEKC) including well-being aspects and sustainability of the development process, based on a panel dataset. Finally, an indicator for technological capabilities has been added, accounting for the role of diffusion of technical progress. Comparing the turning points of the, respectively, MEKC and EKC, some useful policy implications apply.
Keywords: modified EKC; environmental Kuznets curve; sustainable development; human development; genuine savings; panel data; sustainability; economic growth; human well-being; technological capabilities; technical diffusion.
DOI: 10.1504/IJGENVI.2010.030569
International Journal of Global Environmental Issues, 2010 Vol.10 No.1/2, pp.84 - 122
Published online: 24 Dec 2009 *
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