Do Aging and Low Fertility Reduce Carbon Emissions in Korea? Evidence from IPAT Augmented EKC Analysis

Jaehyeok Kim, Hyungwoo Lim and Ha-Hyun Jo
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Jaehyeok Kim: National Assembly Budget Office, 1 Uisadang-daero, Yeongdeungpo-gu, Seoul 07233, Korea
Hyungwoo Lim: Department of Economics, Yonsei University, 50 Yonsei-ro, Seodaemun-gu, Seoul 03722, Korea
Ha-Hyun Jo: Department of Economics, Yonsei University, 50 Yonsei-ro, Seodaemun-gu, Seoul 03722, Korea

IJERPH, 2020, vol. 17, issue 8, 1-15

Abstract: The purpose of this article is to empirically find the Environmental Kuznets Curve (EKC) relationship between income and carbon dioxide (CO 2 ) emissions and to analyze the influence of population aging on such emissions. We utilize Korean regional panel data of 16 provinces during the period from 1998 to 2016. To account for the nonstationary time series in the panel, we employ a fully modified ordinary least squares (FMOLS) and estimate long-run elasticity. From the empirical results, we can find the nonlinear relationship between income and CO 2 emissions. Additionally, we verify the fact that population aging reduces CO 2 emissions. A 1% increase in the proportion of the elderly results in a 0.4% decrease in CO 2 emissions. On the other hand, the younger population increases CO 2 emissions. These results were in line with those of additional analysis on residential and transportation CO 2 emissions, for the robustness check.

Keywords: carbon dioxide; age structure; population aging; environmental kuznets curve; IPAT; panel cointegration regression; fully modified ordinary least squares (FMOLS) (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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