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Testing validity of the EKC hypothesis in South Korea: role of renewable energy and trade openness
Ist Teil von
Environmental science and pollution research international, 2020-08, Vol.27 (23), p.29043-29054
Ort / Verlag
Berlin/Heidelberg: Springer Berlin Heidelberg
Erscheinungsjahr
2020
Link zum Volltext
Quelle
SpringerLink (Online service)
Beschreibungen/Notizen
This paper investigates the dynamic short-term and long-term relationships among per capita GDP, per capita energy consumption, per capita renewable energy consumption, trade openness, and per capita carbon dioxide (CO
2
) emissions within the framework of the environmental Kuznets curve (EKC) hypothesis for Korea from 1971 to 2017. According to the empirical findings of the autoregressive distributed lag (ARDL) bounds testing procedure, although increases in per capita GDP and per capita energy consumption increase per capita CO
2
emissions, per capita renewable energy consumption and trade openness decrease per capita CO
2
emissions. Furthermore, according to the empirical results, an N-shaped relationship has been identified between per capita CO
2
emissions and per capita GDP. This indicates that our empirical findings do not support the EKC hypothesis in Korea. Thus, economic growth alone is not sufficient to address environmental pollution; in response, active environmentally friendly policies should be implemented, and the energy matrix should be transformed in favor of renewable energy in Korea.