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Sustainable Economic Growth: An Empirical Study for the Asia-Pacific Economic Cooperation Forum

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  • Jos D valos

    (Escuela Superior Polit cnica del Litoral, Facultad de Ciencias Sociales y Human sticas, Guayaquil-Ecuador.)

Abstract

This study analyses the validity of environmental Kuznets curve (EKC) hypothesis for the Asia-pacific Economic Cooperation Forum (APEC), within the period 1992-2012. Three econometric models are performed, which use different environmental quality indicators as dependent variable. Model 1: Uses carbon dioxide (CO2) total emissions in APEC, Model 2: Uses CO2 emissions generated from coal consumption, and Model 3: Uses CO2 emissions generate from petroleum consumption. Pedroni and Kao co-integration approach are applied for testing long-run relationship between variables for each model. Fully modified ordinary least squares method is employed for determining the elasticities of the long-run relationships. The analysis finds that an EKC is held under Model 1, and 3, but for Model 2 the relation between the variables does not show an inverted U shape behavior. Additionally descriptive analysis and Model 2 suggest that coal consumption has been increasing in last years, because of the effect in CO2 emissions; even more in this specific indicator, economic activity is leading to an unsustainable growth scenario in APEC.

Suggested Citation

  • Jos D valos, 2016. "Sustainable Economic Growth: An Empirical Study for the Asia-Pacific Economic Cooperation Forum," International Journal of Energy Economics and Policy, Econjournals, vol. 6(3), pages 594-601.
    • Handle: RePEc:eco:journ2:2016-03-26
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    Cited by:

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    2. Joel Alejandro Rosado Anastacio, 2017. "Economic Growth, CO2 Emissions and Electric Consumption: Is there an Environmental Kuznets Curve? An Empirical Study for North America Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 65-71.

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    More about this item

    Keywords

    Environmental Kuznets Curve; Carbon Dioxide Emissions; Economic Growth;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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