The majority of studies investigating the environmental Kuznets curve focus mostly on atmospheric indicators thereby neglecting other environmental indicators such as land indicators, sea, coastal, coral reefs, freshwater and biodiversity indicators. This study aim at investigating the environmental Kuznets curve by utilizing capture fisheries production as a biodiversity indicator, therefore to the best of our knowledge this is the novel contribution of this study both to existing literature and practice. The study used a panel of 16 countries of which 11 were newly industrialized and the other 5 were the BRICS countries, and the data was collected from World Development indicators of the World Bank (2019). An improved robust panel GMM techniques was employed, to be specific, the study used the Arellano-Bover/Blundel-Bond (1995, 1998). The study revealed that the inverted N-shaped relationship exist between capture fisheries production and economic growth in a panel of selected countries in the short-term. The introduction of control variables to our regression apparatus altered the steepness of the inverted N-shaped pattern between capture fisheries production and economic growth. In order to provide robust public policy recommendations, short-term and long-term elasticity estimates were utilized.

Keywords: Environmental Kuznets curve, economic growth, biodiversity, sustainability, inverted N-shaped.

Conference Title

The International Conference on Business and Technology (ICBT’2022)

Conference Country

Turkey

Conference Date

Nov. 12, 2022 - Nov. 13, 2022

Conference Sponsor

EuroMid Academy of Business & Technology (EMABT)

Additional Info

Conference Website