Purpose

The main purpose of this study is to explore the presence of the EKC hypothesis in emerging economies. Additionally, the present study also explores the existence of the “resource curse hypothesis” (RCH), and the causal relationship among the variables that are considered for testing the presence of EKC and RCH hypothesis for a panel of selected emerging economies for the time period between 1990 and 2014.

Design/methodology/approach

The authors performed unit root test followed by cointegration test to test the existence of cointegrating relationship among the variables. Dynamic ordinary least square (DOLS) and fully modified ordinary least square (FMOLS) methods are used to obtain long-run estimates of considered variables, and the Granger causality test is performed to test the directional causality.

Findings

The long-run estimates obtained from DOLS and FMOLS techniques support the presence of the EKC (inverted U-shape) and the RCH.

Originality/value

To the best of the authors’ knowledge, the present work is the pioneer study for EKC and RCH investigation in the context of emerging economies. The policy implication is that these economies should look forward to drafting new policies to reduce environmental degradation and promote sustainable development.

中文翻译：

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对外贸易，金融发展，农业，能源消耗和二氧化碳排放：在新兴经济体中测试EKC

目的

这项研究的主要目的是探讨新兴经济体中EKC假设的存在。此外，本研究还探讨了“资源诅咒假说”（RCH）的存在，以及在一定时期内为选定一组新兴经济体测试EKC和RCH假说存在的变量之间的因果关系。在1990年至2014年之间。

设计/方法/方法

作者进行了单位根检验，然后进行协整检验，以检验变量之间是否存在协整关系。使用动态普通最小二乘法（DOLS）和完全修改的普通最小二乘法（FMOLS）方法来获得对所考虑变量的长期估计，并执行Granger因果关系检验以测试方向因果关系。

发现

从DOLS和FMOLS技术获得的长期估计值支持EKC（倒U形）和RCH的存在。

创意/价值

据作者所知，当前的工作是在新兴经济体背景下进行EKC和RCH调查的开创性研究。政策含义是这些经济体应期望起草新政策以减少环境退化和促进可持续发展。