Transcription of Environmental Kuznets Curve - David Stern
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Environmental Kuznets CurveDAVID I. STERNR ensselaer Polytechnic InstituteTroy, New York, United States1. Introduction2. Theoretical Background3. Econometric Framework4. Results of EKC Studies5. Theoretical Critique of the EKC6. Econometric Critique of the EKC7. Other Evidence8. Decomposing Emissions9. ConclusionsGlossarycointegrationClassica l regression analysis assumes thatthe error term in a regression is normally andindependently distributed. An extreme violation of thiscondition is when the error term is a random walk. Sucha regression is termed a spurious regression and theresults are not reliable. It usually indicates that arequired variable with random walk behavior has beenomitted from the model or that the variables in themodel follow random walks and are not related to estimationMay show bias and inefficiency,but both are reduced toward zero as the sample economiesCountries with high incom
Environmental Kuznets Curve DAVID I. STERN Rensselaer Polytechnic Institute Troy, New York, United States 1. Introduction 2. Theoretical Background
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