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Investigating the effect of forest per capita on explaining the EKC hypothesis for CO2 in the US

Author:
Koirala, Bishwa S., Mysami, Ramin C.
Source:
Journal of Environmental Economics and Policy 2015 v.4 no.3 pp. 304-314
ISSN:
2160-6552
Subject:
carbon dioxide, carbon sequestration, economic development, emissions, environmental policy, forest fires, forest resources, forests, per-capita income, United States
Abstract:
This paper investigates the net effect of forest resources on the emission of CO ₂ while testing the EKC hypothesis for CO ₂ at the county level in the US. Using a county-level data obtained from the Vulcan Project and employing a weighted lag-dependent variable of CO ₂ emissions, an inverted-U-shaped relationship between income and emissions of CO ₂ per capita is detected in the US. However, the estimated income turning points (ITPs) are slightly higher than the average income per capita but are within an attainable range, suggesting that further economic growth would be a viable environmental policy to address the emissions of CO ₂ in the US. The estimated net effect of forests resources on the emissions of CO ₂ suggests that forest fires and degradation dominate the carbon sequestration capacity of standing forests in the US.
Agid:
4220248