New insights into decoupling economic growth, technological progress and carbon dioxide emissions: Evidence from 40 countries

Overall, the literature strongly validates the Environmental Kuznets Curve hypothesis and the decoupling of the economy regarding energy intensity and raw materials. However, there is no assessment of whether such evidence derives from the non-linearities of macroeconomic fundamentals from considering a simultaneous supply-demand market perspective of material flows. Therefore, using a sample of 40 countries, we estimated a Panel Smooth...