Our analysis focuses on a novel theoretical model which explains the relationship between pollution and output as well as recycling and output in the context of the Environmental Kuznets Curve (EKC) framework. Our model incorporates habit formation on recycling in a circular economy model and we...

The economy of Pakistan has been facing instability and downward trends due to several factors, such as rising foreign debt and goods and services prices. The regression and ARDL models are applied by using R software. Adding lag values of variables become necessary to measure the long-run...