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http://dx.doi.org/10.15266/KEREA.2022.31.4.887

The Effects of Environmental Improvement on Economic Growth  

Gahyeong Hur (Population and Strategy Division, Economic Analysis Department, National Assembly Budget Office)
Publication Information
Environmental and Resource Economics Review / v.31, no.4, 2022 , pp. 887-908 More about this Journal
Abstract
In order to confirm the effects of economic growth and environmental improvement, this study analyzed the existence of environmental Kuznets curve (EKC) for SO2 emission, greenhouse gas emission, and waste generation in OECD countries. As a result of panel analysis, the shape of the EKC were different depending on environmental pollutants. SO2 generated peaks relatively early in economic growth, and the peak of greenhouse gas emissions was showed in higher income level. But both emissions showed the a complete inverted U-shaped curve decreasing after the peak. On the other hand, for waste, there was no environmental Kuznets curve that could confirm the peak. Therefore, this study confirmed that it is difficult to expect a voluntary reduction in all environmental pollutants, and additional global joint efforts are needed to pass the peak. In particular, since waste has a greater impact on population density and industrial structure than income level, additional policy efforts are needed to reduce generation and create a resource circulation system.
Keywords
Environmental Kuznets curve (EKC); $CO_2$; Waste; Economic growth;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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