Testing the environmental Kuznets Curve Hypothesis in Iceland: 1960-2010

DOI:  https://doi.org/10.12804/revistas.urosario.edu.co/economia/a.5239

Article Sidebar

PDF HTML (Español (España)) Lector Inteligente (Español (España)) ePub (Español (España))

Issue: Vol. 19 No. 1 (2016): enero-junio
Section Articles


Keywords: cka , energía de combustibles fósiles , Islandia , CO2 , crecimiento económico eck , fossil fuel energy , Iceland , CO2 , economic growth cka , energia de combustíveis fósseis , Islândia , CO2 , crescimento econômico

Main Article Content

Authors

Manuel Zambrano-Monserrate
Arianna Troccoly-Quiroz
Maria Jose Pacheco-Borja
Abstract

The dynamics of economic growth implies a greater energy and natural resource consumption, because this growth needs a higher requirement for fuel and raw materials to fulfill the increase in production which generates economic growth. However a topic of recent interest in the economic sphere is the consequent environmental degradation that comes parallel to this economic growth. This study seeks to establish the relationship between environmental degradation, economic growth, consumption of energy from fossil fuels and trade liberalization in Iceland between the years 1960-2010 in order to find ways to achieve sustainable development. The Environmental Kuznets Curve (ekc) hypothesis is analyzed, checking its central proposal i. e. a greater economic growth will lead to a certain level from which will generate a reduction of environmental degradation. This hypothesis is tested by applying the Autoregressive Distributed Lag (ardl) model; finally the results do confirm the existence of a long-term relationship among all the variables proposed.

How to Cite
Zambrano-Monserrate, M., Troccoly-Quiroz, A., & Pacheco-Borja, M. J. (2016). Testing the environmental Kuznets Curve Hypothesis in Iceland: 1960-2010. Revista Economía Del Rosario, 19(1), 1–28. https://doi.org/10.12804/revistas.urosario.edu.co/economia/a.5239
References

Al-mulali, U., Tang, C. F., & Ozturk, I. (2015). Estimating the environment Kuznets curve hypothesis: evidence from Latin America and the Caribbean countries. Renewable and Sustainable Energy Reviews, 50, 918-924.

Al-mulali, U., Weng-Wai, C., Sheau-Ting, L., & Mohammed, A. H. (2015). Investigating the environmental Kuznets curve (ekc) hypothesis by utilizing the ecological footprint as an indicator of environmental degradation. Ecological Indicators, 48, 315-323.

Al-Rawashdeh, R., Jaradat, A. Q., Al-Shboul, M. (2014). Air pollution and economic growth in mena countries: testing ekc hypothesis. Environmental Research, Engineering and Management, 4(70), 54-65.

Ang, J. B. (2007). CO2 emissions, energy consumption, and output in France. Energy Policy, 35(10), 4772-4778.

Apergis, N., & Ozturk, I. (2015). Testing environmental Kuznets curve hypothesis in Asian countries. Ecological Indicators, 52, 16-22.

Arouri, M. E., Youssef, A. B., M’henni, H., & Rault, C. (2012). Energy consumption, economic growth and CO2 emissions in Middle East and North African countries. Energy Policy, 45, 342-349.

Baek, J. (2015). Environmental Kuznets curve for CO2 emissions: the case of Arctic countries. Energy Economics, 50, 13-17.

Balaguer, J., & Cantavella, M. (2016). Estimating the environmental Kuznets curve for Spain by considering fuel oil prices (1874-2011). Ecological Indicators, 60, 853-859.

Baumert, K. A., Herzog, T., & Pershing, J. (2005). Navigating the numbers: greenhouse gas data and international climate policy. World Resources Institute.

Beckerman, W. (1992). Economic growth and the environment: whose growth? whose environment? World Development, 20, 481-496.

Bhagawati, J. (1993). The case for free trade. Scientific American, 269(5), 42-47.

Bölük, G., & Mert, M. (2014). Fossil & renewable energy consumption, GHGs (greenhouse gases) and economic growth: evidence from a panel of eu (European Union) countries. Energy, 74, 439-446.

Bölük, G., & Mert, M. (2015). The renewable energy, growth and environmental Kuznets curve in Turkey: an ardl approach. Renewable and Sustainable Energy Reviews, 52, 587-595.

Coondoo, D., & Dinda, S. (2002). Causality between income and emission: a country group-specific econometric analysis. Ecological Economics, 40(3), 351-367.

Davidsdottir, B. (2007). Sustainable energy development: Iceland as a case study. aceee Summer Study on Energy Efficiency in Industry, 3, 26-38.

Dinda, S. (2014). Environmental Kuznets curve hypothesis: a survey. Ecological Economics, 49(4), 431-455.

Emerson, J., Esty, D. C., Levy, M. A., Kim, C. H., Mara, V., de Sherbinin, A., & Srebotnjak, T. (2010). 2010 Environmental Performance Index. New Haven: Yale Center for Environmental Law and Policy.

Enevoldsen, M. K., Ryelund, A. V., & Andersen, M. S. (2007). Decoupling of industrial energy consumption and CO2-emissions in energy-intensive industries in Scandinavia. Energy Economics, 29(4), 665-692.

Eysteinsson, T. (2013). Forestry in a Treeless Land (4th ed.).Egilsstaðir, Iceland: Iceland Forest Service, 2013.

Government of Iceland (2010). Iceland’s Fifth National Communication: under the United National Framework Convention on Climate Change. Reykjavik: Ministry for the Environment.

Government of Iceland (2015). Iceland’s Sixth National Communication and First Biennial Report: under the United National Framework Convention on Climate Change. Reykjavik: Ministry for the Environment.

Grossman, G. M., & Krueger, A. B. (1991). Environmental impacts of a North American free trade agreement (Nº w3914). National Bureau of Economic Research.

Gupta, R., Nasr, A. B., & Sato, J. R. (2015). Is there an environmental Kuznets curve for South Africa? A co-summability approach using a century of data. Energy Economics, 52, 136-141.

Halicioglu, F. (2009). An econometric study of CO2 emissions, energy consumption, income and foreign trade in Turkey. Energy Policy, 37(3), 1156-1164.

Hsu, A., et al. (2016). 2016 Environmental Performance Index. New Haven, CT: Yale University. Available: www.epi.yale.edu.

Jalil, A., & Mahmud, S. F. (2009). Environment Kuznets curve for CO2 emissions: a cointegration analysis for China. Energy Policy, 37(12), 5167-5172.

Jebli, M. B., & Youssef, S. B. (2015). The environmental Kuznets curve, economic growth, renewable and non-renewable energy, and trade in Tunisia. Renewable and Sustainable Energy Reviews, 47, 173-185.

Jebli, M. B., Youssef, S. B., & Ozturk, I. (2016). Testing environmental Kuznets curve hypothesis: the role of renewable and non-renewable energy consumption and trade in oecd countries. Ecological Indicators, 60, 824-831.

Jóhannesson, I. Á. (2005). Icelandic nationalism and the Kyoto Protocol: an analysis of the discourse on global environmental change in Iceland. Environmental Politics, 14(4), 495-509.

Kasman, A., & Duman, Y. S. (2015). CO2 emissions, economic growth, energy consumption, trade and urbanization in new eu member and candidate countries: a panel data analysis. Economic Modelling, 44, 97-103.

Kauw, M., Benders, R. M., & Visser, C. (2015). Green methanol from hydrogen and carbon dioxide using geothermal energy and/or hydropower in Iceland or excess renewable electricity in Germany. Energy, 90, 208-217.

Kuznets, S. (1955). Economic growth and income inequality. The American Economic Review, 45(1), 1-28.

Long, X., Naminse, E. Y., Du, J., & Zhuang, J. (2015). Nonrenewable energy, renewable energy, carbon dioxide emissions and economic growth in China from 1952 to 2012. Renewable and Sustainable Energy Reviews, 52, 680-688.

Marrero, G. A. (2010). Greenhouse gases emissions, growth and the energy mix in Europe. Energy Economics, 32(6), 1356-1363.

Miah, M. D., Masum, M. F., & Koike, M. (2010). Global observation of ekc hypothesis for CO2, SOx and NOx emission: a policy understanding for climate change mitigation in Bangladesh. Energy Policy, 38(8), 4643-4651.

Muhammad, S., Mihai, M., & Parvez, A. (2013). Environmental Kuznets curve in Romania and the role of energy consumption. Renewable and Sustainable Energy Reviews, 18, 165-173.

Narayan, P. K. (2005). The saving and investment nexus for China: evidence from cointegration tests. Applied Economics, 37(17), 1979-1990.

OECD (2001). Environmental performance reviews. Paris: oecd Publishing.

Orkustofnun (2013). Energy statistics in Iceland 2013. Reykjavík: Orkustofnun.

Panayotou, T. (1993). Empirical tests and policy analysis of environmental degradation at different stages of economic development (Nº 292778). International Labour Organization.

Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289-326.

Saboori, B., Al-Mulali, U., & Ozturk, I. (2015). Investigating the environmental Kuznets curve hypothesis in Vietnam. Energy Policy, 76, 123-132.

Saboori, B., Sulaiman, J., & Mohd, S. (2012). Economic growth and CO2 emissions in Malaysia: a cointegration analysis of the environmental Kuznets curve. Energy Policy, 51, 184-191.

SGI (2015). 2015 environment report: environmental policy. Bertelsmann Stiftung.

Shafik, N., & Bandyopadhyay, S. (1992). Economic growth and environmental quality: time-series and cross-country evidence (Vol. 904). World Bank Publications.

Shahbaz, M., & Lean, H. H. (2012). Environmental Kuznets curve hypothesis in Pakistan: cointegration and granger causality, renewable and sustainable. Energy Reviews, 16, 2947-2953.

Shahbaz, M., Dube, S., Ozturk, I., & Jalil, A. (2015). Testing the environmental Kuznets curve hypothesis in Portugal. International Journal of Energy Economics and Policy, 5, 475-481.

Sun, J. W. (1999). The nature of CO2 emission Kuznets curve. Energy Policy, 27, 691-694.

Tugcu, C. T., Ozturk, I., & Aslan, A. (2012). Renewable and non-renewable energy consumption and economic growth relationship revisited: evidence from G7 countries. Energy Economics, 34, 1942-1950.

Zambrano-Monserrate, M. A., García-Albán, F. F., & Henk-Vera, K. A. (2016). Bounds testing approach to analyze the existence of an environmental Kuznets curve in Ecuador. International Journal of Energy Economics and Policy, 6(2), 159-166.

Query Statistics

Downloads

Download data is not yet available.
Publcation metrics

1367 755




 

Los autores conservan los derechos de autor y garantizan a la revista el derecho de ser la primera publicación del trabajo al igual que licenciado bajo una Creative Commons Attribution License que permite a otros compartir el trabajo con un reconocimiento de la autoría del trabajo y la publicación inicial en esta revista.

Similar Articles

1 2 3 4 5 > >> 

You may also start an advanced similarity search for this article.