DEPENDENCE OF ECONOMIC GROWTH ON CO2 EMISSIONS
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This paper examines the effects of CO2 emissions on GDP by using a dynamic model for panel data from 19 OECD countries. The results indicate a significant decline in the dependence of economic growth on pollution, suggesting technological progress toward economic growth with less pollution, and providing indirect empirical support for the environmental Kuznets curve hypothesis.
Abstract
This paper examines the effects of CO2 emissions on GDP by using a dynamic model for panel data from 19 OECD countries. The results indicate a significant decline in the dependence of economic growth on pollution, suggesting technological progress toward economic growth with less pollution, and providing indirect empirical support for the environmental Kuznets curve hypothesis.
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