A cointegrating polynomial regression analysis of the material Kuznets curve hypothesis
Loading...
Date
2016
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Employing consumption data for aluminum, lead and zinc for eight OECD countries
spanning from 1900 to 2006, this paper tests the hypothesis underlying the notion
of the Material Kuznets Curve (MKC), which postulates an inverted U-shaped
relationship between a country’s level of economic development and its intensity
of metal use. Applying the tests and estimation techniques for nonlinear cointegration
developed by Saikkonen and Choi (2004),Wagner (2013) as well as Wagner
and Hong (2016), we find that the MKC hypothesis is less strongly supported by
the data than when employing the standard methods that have been used in the
empirical Environmental Kuznets Curve (EKC) literature so far. The evidence for a
cointegrating MKC is mixed, at best.
Description
Table of contents
Keywords
intensity of use, nonlinear cointegration, metals