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World Income Classification and Emissions: A Study of the Relationship Using Machine Learning Techniques

In: Achieving $5 Trillion Economy of India

Author

Listed:
  • Karthikeyan Chandramohan

    (National Institute of Technology)

  • Ramasamy Murugesan

    (National Institute of Technology)

Abstract

Using classification and clustering on cross-sectional data for 185 countries, this study explores if the level of emissions in a country is a determinant of the income class of a country. This study also tests the presence of EKC relationship between emissions and income across the countries. Income classification and emission data of countries obtained from World Bank has been used. The results, which can have a variety of policy implications, reveal: (1) clustering based on CO2 emissions alone has a considerable overlap with income classification, (2) CO2 emission per capita alone predicts the income class of a country and (3) presence of EKC relationship between CO2 emissions and income.

Suggested Citation

  • Karthikeyan Chandramohan & Ramasamy Murugesan, 2022. "World Income Classification and Emissions: A Study of the Relationship Using Machine Learning Techniques," Springer Proceedings in Business and Economics, in: Arti Chandani & Rajiv Divekar & J. K. Nayak (ed.), Achieving $5 Trillion Economy of India, pages 63-79, Springer.
  • Handle: RePEc:spr:prbchp:978-981-16-7818-9_4
    DOI: 10.1007/978-981-16-7818-9_4
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    More about this item

    Keywords

    Emissions; Income classification; EKC; Logit; Probit; Clustering; Regression;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • 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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