Sustainable Economic Growth: An Empirical Study for the Asia-Pacific Economic Cooperation Forum

Jos D Valos
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Jos D Valos: Escuela Superior Polit cnica del Litoral, Facultad de Ciencias Sociales y Human sticas, Guayaquil-Ecuador.
Authors registered in the RePEc Author Service: José Dávalos

International Journal of Energy Economics and Policy, 2016, vol. 6, issue 3, 594-601

Abstract: This study analyses the validity of environmental Kuznets curve (EKC) hypothesis for the Asia-pacific Economic Cooperation Forum (APEC), within the period 1992-2012. Three econometric models are performed, which use different environmental quality indicators as dependent variable. Model 1: Uses carbon dioxide (CO2) total emissions in APEC, Model 2: Uses CO2 emissions generated from coal consumption, and Model 3: Uses CO2 emissions generate from petroleum consumption. Pedroni and Kao co-integration approach are applied for testing long-run relationship between variables for each model. Fully modified ordinary least squares method is employed for determining the elasticities of the long-run relationships. The analysis finds that an EKC is held under Model 1, and 3, but for Model 2 the relation between the variables does not show an inverted U shape behavior. Additionally descriptive analysis and Model 2 suggest that coal consumption has been increasing in last years, because of the effect in CO2 emissions; even more in this specific indicator, economic activity is leading to an unsustainable growth scenario in APEC.

Keywords: Environmental Kuznets Curve; Carbon Dioxide Emissions; Economic Growth (search for similar items in EconPapers)
JEL-codes: Q5 Q56 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2016-03-26

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