On the Nexus between Economic growth and Environmental Degradation in 28 Countries Classified by Income Level: A Panel Data with an Error-components Model

Mijail Eduardo Ruiz-Alemán, Carolina Carbajal- De-Nova and Francisco Venegas-Martínez
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Mijail Eduardo Ruiz-Alemán: Universidad Autónoma Metropolitana-Iztapalapa, México,
Carolina Carbajal- De-Nova: Universidad Autónoma Metropolitana-Iztapalapa, México,
Francisco Venegas-Martínez: Instituto Politécnico Nacional, México
Authors registered in the RePEc Author Service: Carolina Carbajal De Nova and Francisco Venegas-Martínez

International Journal of Energy Economics and Policy, 2023, vol. 13, issue 6, 523-536

Abstract: This paper aims to examine the relationship between economic growth and environmental degradation in a sample of 28 countries. A panel data model is used dividing the sample into four groups classified by income level where fixed and random individual effects are estimated without the time component using an error-components model (ECM). Annual data from the World Bank for carbon dioxide emissions per capita and gross domestic product per capita are used for the period 1970-2016. The empirical results and their graphical analysis, using a panel data approach with an ECM, suggest an absence of an Environmental Kuznets Curve (EKC) in the whole sample. These results considering panel data with an ECM, 28 countries and 46 years differ from many of the studies that support the existence of an EKC in similar samples.

Keywords: CO2 Emissions; Economic Growth; Panel Data Model; Error-components Model; Environmental Kuznets Curve (search for similar items in EconPapers)
JEL-codes: C50 F43 Q53 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2023-06-54

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