تلخیص
In this study, the Environmental Kuznets curve (EKC) hypothesis validity has
been tested for the five South Asian Countries (SACs). The EKC hypothesis
assumes an inverted-U-shaped association between environmental pollutants
and per capita income (PCI). The study uses CO2 emissions, in addition to
other measures, as proxy for environmental degradation and PCI, energy
consumption, population density and afforestation as control variables. A
positive significant coefficient for PCI and a negative PCI square validate the
EKC hypothesis in the SACs. The estimated turning point for the South Asian
Economies was found to be US$ 921.1 per capita. The study concludes that
environmental policies should focus on sustainable planning and management
of resources. Investment in human capital, encouraging foreign direct
investment (FDI) and trade friendly policies can play an important role in
keeping environment cleaner while promoting economic growth in these
economies.