Korean Energy Economic Review ISSN:1599-7057(Print) 에너지경제연구

This paper estimated elasticity between economic growth and pollution needs to closely examine the environmental Kuznets curve by (EKC) hypothesis. this paper used variables such as per capita GDP(targets OECD 34 countries from 1980 to 2012) and environmental pollutants (sulfur oxides, nitrogen oxides, carbon monoxide, volatile organic compounds, greenhouse gases) social costs and revenues relationships based on the EKC theory between Crude oil prices, population density, specific gravity government consumption, trade dependent variable. Variable was a log-transformed and analyzed using a fixed effects panel analysis. The main results of this paper is the proper sign and an statistically significant coefficient inverse U-shaped, N-shaped form of the EKC curve was estimated, the turning point pollution Income (GDP) calculations were presented. This paper gives results of this analysis will be a material that can see and compare the research and policy for the prevention of pollution by each pollutant.