Environmental Kuznets Curve

Does financial development affect environmental degradation? Evidence from the OECD countries. Business Strategy and the Environment DOI: 10.1002/bse.1976

In this study, building a simple model that incorporates static and dynamic elements, the relationship of financial development and economic growth on the environmental degradation is investigated together with the validation of the Environmental Kuznets Curve (EKC) hypothesis. Our analysis is based on an unbalanced panel data set covering the OECD countries over the period 1970-2014.