Abstract:

Climate change and environmental degradation have become an issue that has focused on the whole world in recent years. In many studies on this subject, the existence of an inverted U-shaped Kuznets Curve has been analyzed. In this study, a model was established to analyze the N-shaped Kuznets Curve in order to see the long-term position of the relation between economic growth andenvironmental degradation. New industrialized Countries (NICs), which have a substantial effect on world carbon emissions, are also discussed in the study. Panel data analysis was used to examine the relationship between environmental degradation and economic growth over the period from 1970 to 2019.In the analysis, first of all, the cross-section dependence (CSD) was tested and it was decided that the second-generation tests would be continued according to the results. In the subsequent Westerlund hand-integration analysis, it was concluded that there was co-integration between the series and that they would act together in the long run. Finally, the CCE method, which is one of the long-term estimators, was used and analyzes were carried out by establishing three different models. As a result of the analysis, it was concluded that energy consumption positively affects carbon emissions, the existence of an inverted U-shaped Kuznets Curve for the entire panel and the existence of an N-shaped Kuznets Curve throughout the panel could not be proven.

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