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Greenhouse Emissions and Productivity Growth

Author

Listed:
  • Pantelis Kalaitzidakis

    (Department of Economics, University of Crete, Rethymno 74100, Greece)

  • Theofanis P. Mamuneas

    (Department of Economics, University of Cyprus, P.O. Box 20537, Nicosia 1678, Cyprus)

  • Thanasis Stengos

    (Department of Economics and Finance, University of Guelph, Guelph, ON N1G 2W1, Canada)

Abstract

In this paper, we examine the effect of emissions, as measured by carbon dioxide (CO 2 ), on economic growth among a set of OECD countries during the period 1981–1998. We examine the relationship between total factor productivity (TFP) growth and emissions using a semiparametric smooth coefficient model that allow us to directly estimate the output elasticity of emissions. The results indicate that there exists a monotonically-increasing relationship between emissions and TFP growth. The output elasticity of CO 2 emissions is small with an average sample value of 0.07. In addition, we find an average contribution of CO 2 emissions to productivity growth of about 0.063 percent for the period 1981–1998.

Suggested Citation

  • Pantelis Kalaitzidakis & Theofanis P. Mamuneas & Thanasis Stengos, 2018. "Greenhouse Emissions and Productivity Growth," JRFM, MDPI, vol. 11(3), pages 1-14, July.
    • Handle: RePEc:gam:jjrfmx:v:11:y:2018:i:3:p:38-:d:156902
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    2. Rigas, Nikos & Kounetas, Konstantinos, 2021. "The Role of temperature, Precipitation and CO2 emissions on Countries’ Economic Growth and Productivity," MPRA Paper 104727, University Library of Munich, Germany.
    3. Florian Bourgey & Emmanuel Gobet & Ying Jiao, 2022. "Bridging socioeconomic pathways of CO2 emission and credit risk," Post-Print hal-03458299, HAL.
    4. Anh The Vo & Duc Hong Vo & Quan Thai-Thuong Le, 2019. "CO 2 Emissions, Energy Consumption, and Economic Growth: New Evidence in the ASEAN Countries," JRFM, MDPI, vol. 12(3), pages 1-20, September.
    5. Anh-Tu Nguyen & Shih-Hao Lu & Phuc Thanh Thien Nguyen, 2021. "Validating and Forecasting Carbon Emissions in the Framework of the Environmental Kuznets Curve: The Case of Vietnam," Energies, MDPI, vol. 14(11), pages 1-38, May.
    6. Ha-Chi Le & Thai-Ha Le, 2023. "Effects of economic, social, and political globalization on environmental quality: international evidence," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(5), pages 4269-4299, May.
    7. Florian Bourgey & Emmanuel Gobet & Ying Jiao, 2022. "Bridging socioeconomic pathways of CO2 emission and credit risk," Working Papers hal-03458299, HAL.
    8. Thanasis Stengos, 2019. "Nonparametric Econometric Methods and Applications," JRFM, MDPI, vol. 12(4), pages 1-3, November.
    9. Alexandra Soberon & Irene D’Hers, 2020. "The Environmental Kuznets Curve: A Semiparametric Approach with Cross-Sectional Dependence," JRFM, MDPI, vol. 13(11), pages 1-23, November.
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    11. Jihuan Zhang, 2021. "Environmental Kuznets Curve Hypothesis on CO 2 Emissions: Evidence for China," JRFM, MDPI, vol. 14(3), pages 1-16, February.

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