Further evidence of an Environmental Kuznets Curve in Spain
AbstractUsing a long span of data in Spain, Esteve and Tamarit (2012b) reported evidence of a strong link between per capita income and per capita CO2. In this paper we extend their work, finding evidence of both non-linear cointegration and asymmetric adjustment using a novel approach due to Sephton (1994) and Sephton and Mann (2012). The results suggest that there is a long-run non-linear attractor drawing per capita income and CO2 levels together, with asymmetric adjustment.
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Bibliographic InfoArticle provided by Elsevier in its journal Energy Economics.
Volume (Year): 36 (2013)
Issue (Month): C ()
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Web page: http://www.elsevier.com/locate/eneco
Environmental Kuznets Curve; CO2 emissions; Nonlinear cointegration; Threshold cointegration; Asymmetric adjustment;
Find related papers by JEL classification:
- C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
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- Peter Sephton & Janelle Mann, 2013. "Threshold Cointegration: Model Selection with an Application," Journal of Economics and Econometrics, Economics and Econometrics Research Institute (EERI), Brussels, vol. 56(2), pages 54-77.
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