TY - JOUR AU - Dávalos, José PY - 2016/07/22 Y2 - 2024/03/28 TI - Sustainable Economic Growth: An Empirical Study for the Asia-Pacific Economic Cooperation Forum JF - International Journal of Energy Economics and Policy JA - IJEEP VL - 6 IS - 3 SE - Articles DO - UR - https://www.econjournals.com/index.php/ijeep/article/view/2065 SP - 594-601 AB - <p>This study analyses the validity of environmental Kuznets curve (EKC) hypothesis for the Asia-Pacific Economic Cooperation Forum (APEC), within the period 1992-2012. Three econometric models are performed, which use different environmental quality indicators as dependent variable. Model 1) uses CO<sub>2</sub> total emissions in APEC, model 2) uses CO<sub>2</sub> emissions generated from coal consumption, and model 3) uses CO<sub>2</sub> emissions generate from petroleum consumption. Pedroni and Kao cointegration approach are applied for testing long-run relationship between variables for each model. Fully modified ordinary least squares (FMOLS) method is employed for determining the elasticities of the long-run relationships. The analysis finds that an EKC is held under model 1, and 3, but for model 2 the relation between the variables does not show an inverted U shape behavior. Additionally descriptive analysis and model 2 suggest that coal consumption has been increasing in last years, because of the effect in CO<sub>2</sub> emissions; even more in this specific indicator, economic activity is leading to an unsustainable growth scenario in APEC.</p><p><strong>Keywords:</strong> Environmental Kuznets curve, CO<sub>2</sub> emissions, economic growth.</p><p><strong>JEL Classifications:</strong> Q5, Q56</p> ER -