The Environmental Kuznets Curve and Sustainable Economic Growth in Colombia

La curva medioambiental de Kuznets y el crecimiento económico sostenible en Colombia

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Camilo Fabiam Gómez-Segura
Oscar Hernán Cerquera-Losada
Edwin Fernando Acero-Cebay

Abstract

This paper seeks to empirically test the Environmental Kuznets Curve (EKC) hypothesis in the emissions of carbon dioxide (CO) and nitrous oxide (N₂O) during the period 1990-2012 for 217 economies, using the World Bank database. A panel data model was carried out under three alternatives (fixed effects, random effects and first differences). The results obtained show that there is an inverted U relationship between environmental pollution (CO and N₂O) and Gross Domestic Product (GDP) per capita as a measure of economic growth, with the fixed effects method generating consistent estimates when applying the Hausman test. However, the relationship between pollution and economic growth presents too low decreasing returns, which generates high turning points, mainly in emissions from CO.

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Author Biographies (SEE)

Camilo Fabiam Gómez-Segura, Full-time professor, Universidad Surcolombiana

Master in Economics, National University of La Plata, La Plata, Argentina. Full-time professor, Universidad Surcolombiana, Neiva, Colombia. Member of the Iguaque research group; junior researcher at the Ministry of Science, Technology and Innovation

Oscar Hernán Cerquera-Losada, Full-time professor, Universidad Surcolombiana

Master in Economics, University of Buenos Aires, Buenos Aires, Argentina. Full-time professor, Universidad Surcolombiana, Neiva, Colombia. Member of the Iguaque research group; associate researcher at the Ministry of Science, Technology and Innovation.

Edwin Fernando Acero-Cebay, Operational Coordinator, Cocoa Industry of Huila Tolimax

Statistics Specialist, Universidad Surcolombiana, Neiva, Colombia. Operational Coordinator, Cocoa Industry of Huila Tolimax, Neiva

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