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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (16054)	3/3/2002 1:33:35 PM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

Hi DAK: This is not the kind of issue on which you do "trials" for obvious reasons. However, there are two types of empirical studies that have been done repeatedly on the question of national income and environmental quality: (1) time series studies, which correlate the emission of various industrial pollutants with (usually) per capita income over time for a single country, and (2) cross-country trials, which correlate industrial pollution with per capita income across countries. The results of these studies generally support the Environmental Kuznetz Curve hypothesis which shows that in early stages of economic development capital accumulation results in rising emissions; its contribution to emissions rises as the country industrializes, but falls and becomes negative in the post-industrial age. Of course, if one is so inclined, there are a multiplicity of ways to attack the EKC concept, from quality of data to definitions of environmental quality, but this is as much politics as science, imho. Lots of material out there on this. e.g.: cid.harvard.edu citeseer.nj.nec.com Even from our very own David Stern, an EKC skeptic: www-users.york.ac.uk