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논문 기본 정보

자료유형
학술저널
저자정보
저널정보
한국경제연구학회 Korea and the World Economy The Journal of the Korean Economy Vol.6 No.1
발행연도
2005.5
수록면
67 - 89 (23page)

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초록· 키워드

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In this study, we try to provide answers for the following three questions: (ⅰ) whether economic development (as proxied by GDP per capita) is a significant determinant of environmental sustainability, (ⅱ) whether this interaction shows different characteristics at different stages of the economic development; in particular, whether the ESI-GDP interaction in South Korea is different from those of the developing countries and developed countries, and (ⅲ) whether trade liberalization leads to higher environmental sustainability. We demonstrate that an increase in GDP per capita will have higher impact on the environmental sustainability index (ESI) in South Korea as compared to both developing countries and developed countries. Regarding the impact of trade liberalization policies on environmental sustainability, our estimations do not provide statistically significant results; the impact of higher openness on the environmental sustainability index (ESI) is mixed (for some countries positive and for some negative), but not significant. In brief, the results of our analysis may be seen positively by the policy makers in developing countries as they do not need to give up policies toward higher economic growth to protect their environment; development and sustainability can be complementary if suitable policies on development and environment are implemented jointly.

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Abstract

1. INTRODUCTION

2. ENVIRONMENTAL SUSTAINABILITY INDEX

3. MODEL AND ESTIMATION

4. CONCLUSIONS

APPENDIX

REFERENCES

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