期刊名称：International Journal of Development and Sustainability
印刷版ISSN：2186-8662
出版年度：2019
卷号：8
期号：9
页码：558-573
出版社：International Society for Development and Sustainability (ISDS)
摘要：This study investigates the impact of economic development on quality of environment in India. GDP per capita and CO2 emissions are used as a measure of economic development and environmental degradation respectively. Econometric analysis applying Johansen co-integration test and vector error correction model (VECM) indicates that there is a long-run relationship among CO2 emissions, GDP per capita and industrial value added. Industrial value added remaining constant, CO2 emissions increase with rise in the level of GDP per capita. GDP per capita is found to be negatively related with CO2 emissions in India. But with no change in GDP per capital, CO2 emissions rise with rise in industrial value added. In other words, if we control for industrial value added, the relationship between CO2 emission and GDP per capita is a monotonous downward sloping curve instead of inverted U-shaped curve as hypothesized by Environment Kuznet’s Curve. But, if we control for GDP per capita, the relationship between CO2 emissions and industrial value added is upward sloping curve. Irrespective of its level, rise in per capita income has a positive impact on environmental quality provided that there is no growth in industrial value added. Only the downward sloping part of Environment Kuznet’s Curve is found to exist with no growth in industrial value added. This finding has an important implication for India in the long-run. In the long-run, as it generally happens in a country, when growth in industrial value added will become stagnant any further economic development will improve the quality of environment in India.
关键词：CO2 Emissions; Industrial Value Added; Economic Development; VECM; Long-Run Relationship
