EconPapers    
Economics at your fingertips  
 

Debt, democratization, and development in Latin America: How policy can affect global warming

René W. Aubourg, David H. Good and Kerry Krutilla
Additional contact information
René W. Aubourg: American University, Postal: American University
David H. Good: Indiana University, Postal: Indiana University
Kerry Krutilla: Indiana University, Postal: Indiana University

Journal of Policy Analysis and Management, 2008, vol. 27, issue 1, pages 7-19

Abstract: The environmental Kuznets curve (EKC) hypothesis conjectures a nonlinear relationship between pollution and economic growth, such that pollution per capita initially increases as countries economically develop, but then reaches a maximum point before ultimately declining. Much of the EKC literature has focused on testing this basic hypothesis and, in studies that find evidence of an EKC, estimating the “turning point” level of development at which the per capita pollution-growth relationship changes sign. This approach has not emphasized the policy relevance of specification issues or the potential role of policy variables. This research explores a modified EKC specification which conditions the pollution-growth relationship on a country's level of debt and degree of democratization. These variables turn out to be significant, implying that different political and economic contexts can shift EKCs and their turning points. These findings suggest that policies to relieve debt burdens and institute political reform, in addition to their usual justifications, also could be used as a strategy to reduce carbon emissions from developing countries. © 2008 by the Association for Public Policy Analysis and Management.

Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1002/pam.20304 Link to full text; subscription required (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:wly:jpamgt:v:27:y:2008:i:1:p:7-19

Access Statistics for this article

More articles in Journal of Policy Analysis and Management from John Wiley & Sons, Ltd.
Series data maintained by Wiley-Blackwell Digital Licensing ().

 
Page updated 2012-08-02
Handle: RePEc:wly:jpamgt:v:27:y:2008:i:1:p:7-19