Transitional Dynamics Towards Sustainability: Reconsidering the EKC Hypothesis

Giovanni Bella

No 2006.129, Working Papers from Fondazione Eni Enrico Mattei

Abstract: 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.

Keywords: Environmental Quality; Endogenous Economic Growth; Sustainable Development (search for similar items in EconPapers)
JEL-codes: O41 Q01 Q32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene and nep-env
Date: 2006-10
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Persistent link: http://EconPapers.repec.org/RePEc:fem:femwpa:2006.129

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