| Popis: |
Over the past few decades the relationship between economic growth and environmental degradation has been the subject of intense research. In this paper we attempt to review and survey the litterateur about the environmental Kuznets curve theory which illustrates the impact of economic growth on the environment. It is observed that a large number of studies support the validity of EKC while others didn’t find any empirical evidence to support it. It is important to note that there have emerged several factors other than those that were initially taken into account to employ the EKC. These include but may not be limited to the trade openness, population growth, income elasticity of environmental quality demand, FDI scale, and production and consumption patterns etc. Litterateur suggests strongly the importance of choosing suitable indicators and data while attempting to employ EKC. Moreover, the EKC provides help for the policy makers to devise a suitable policy in order to reduce pollution. |
