Transitional dynamics towards sustainability: reconsidering the EKC hypothesis
Data
01.01.2006
01.01.2006
Autori
Giovanni Bella
Codice JEL
O41,Q01,Q32
O41,Q01,Q32
Parole chiave:
Environmental Quality,Endogenous Economic Growth,Sustainable Development
Environmental Quality,Endogenous Economic Growth,Sustainable Development
Publisher
Climate Change and Sustainable Development
Climate Change and Sustainable Development
Editor
Carlo Carraro
Carlo Carraro
The Environmental Kuznets Curve (EKC) hypothesis is one of the most debated economic issues. Despite its fascinating appeal for any policy maker, neither theoretical nor certain empirical evidence has been found to clean up all doubt. The aim of this paper is to present an economy where environmental quality and polluting emissions do enter the maximisation problem, and provide a transitional dynamics analysis to pursue a new different version of the EKC, depending on the level of development finally achieved.