Environmental Kuznets curve hypothesis for Bangladesh from the perspective of different environmental degradation indicators Evidence from ECM Approach

Abstract

From the perspective of global scenario the human civilization had made splendid alteration to the nature for meeting our needs.As a  bydproduct of human activities the earth had been continuously paying up its costs with the negative externalities of climate  change.The country Bangladesh is also a part of this impact.It has been seeing a decline in environmental quality, which has caused  many people to become concerned about the problem. Growing public concern about the environmental issues has inspired many  initiatives to understand the causes of environmental deterioration better. This study discusses how ecological footprint,natural  resource rents and carbon emission lead to environmental degradation and tests out the Kuznets curve hypothesis from the perspective of those different environmental degradation indicators with the help of OLS estimation method. To give the estimation  results proper validation the Engel-Granger (ECM) or error/eqilibrium correction mechanism is tested to explore the long and short- run causal relationship between the degradation determinants and economic growth measurement. The primary goal of the paper is  to achieve new ideas to make sustainable economic growth planning through the abatement of environmental degradation.