Seminar In Economic Policy

ENVIRONMENTAL KUZNETS CURVE HYPOTHESIS & CARBON EMISSIONS
Relationship hardness Test Between Carbon Emissions & GDP for Pakistan

LITERATURE REVIEW
radical CONCEPT OF KUZNETS CURVE
A Kuznets curve is the graphical representation of Simon Kuznetss guesswork that economic inequality increases over time while a country is developing, and then after a certain number income is attained, inequality begins to decrease.
One theory as to why this happens states that in early stages of development, when investment in physical capital is the principal(prenominal) mechanism of economic growth, inequality encourages growth by allocating re witnessers towards those who sustain and invest the most. Whereas in mature economies human capital accrual, or an estimate of cost that has been incurred but not yet paid, takes the target of physical capital accrual as the main source of growth, and inequality slows growth by lowering education standards because deplorable people lack finance for their education in faulty credit markets. Kuznets curve diagrams show an inverted U curve, although variables on the axes are often mixed and matched, with inequality or the Gini coefficient on the Y axis and economic development, time or per capita incomes on the X axis.


http://en.wikipedia.org/wiki/File:Kuznets_curve.



png

Environment Kuznets Curve is besides known as EKC, this hypothesis states that there is inverted U-shaped kin between carbon dioxide emissions and GDP per capita. It says that there is long edge relationship between environment impact and growth. As income of whatsoever economy grows over time the emissions level grows first and reaches at a certain level and then starts declining at a thresh hold limit of income at turning point.
A study for Kenya shows that there was no evidence of EKC hypothesis in Kenya rather increasing but cyclical behavior was seen. It similarly predicted that with the growth in economy the carbon emissions and environmental hazards increases and the EKC curve...If you need to get a full essay, order it on our website: Ordercustompaper.com



If you want to get a full essay, wisit our page: write my paper