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Examining Trends of Criteria Air Pollutants: Are the Effects of Governmental Intervention Transitory?

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  • Junsoo Lee

    ()

  • John List

Abstract

Despite its growth in other areas of economics,time series econometric methods have not beenwidespread in the area of environmental andresource economics. We illustrate one use oftime series methods by examining the time pathof US nitrogen oxide (NO x) emission dataover the period 1900–1994. The analysishighlights that proper time series methods canaid in optimal regulatory policy as well asdeveloping empirical verification of theoriesput forth to explain economic phenomena. Inaddition, several interesting results emerge. First, we find that the emissions seriescontains both a permanent and random component. Second, if one attributed all of the emissionsreductions to regulatory policy, interventionanalysis suggests that the 1970 Clean Air Act(CAA) did not merely have transitory effects,but permanently influenced the NO xemission path. In terms of total regulatoryimpact, an upper bound on the emissions saveddue to the 1970 CAA is in the range of27%–48%. Copyright Kluwer Academic Publishers 2004

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Bibliographic Info

Article provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.

Volume (Year): 29 (2004)
Issue (Month): 1 (September)
Pages: 21-37

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Handle: RePEc:kap:enreec:v:29:y:2004:i:1:p:21-37

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Web page: http://www.springerlink.com/link.asp?id=100263

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Keywords: emissions; intervention analyses; time-series models;

References

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  1. John A. List, 1999. "Have Air Pollutant Emissions Converged Among U.S. Regions? Evidence from Unit Root Tests," Southern Economic Journal, Southern Economic Association, vol. 66(1), pages 144-155, July.
  2. repec:cup:etheor:v:10:y:1994:i:5:p:917-36 is not listed on IDEAS
  3. Diebold, Francis X & Kilian, Lutz, 2000. "Unit-Root Tests Are Useful for Selecting Forecasting Models," Journal of Business & Economic Statistics, American Statistical Association, American Statistical Association, vol. 18(3), pages 265-73, July.
  4. Labson B. Stephen, 1995. "Stochastic Trends and Structural Breaks in the Intensity of Metals Use," Journal of Environmental Economics and Management, Elsevier, vol. 29(3), pages S34-S42, November.
  5. Amsler, Christine & Lee, Junsoo, 1995. "An LM Test for a Unit Root in the Presence of a Structural Change," Econometric Theory, Cambridge University Press, vol. 11(02), pages 359-368, February.
  6. Park, Joon Y. & Sung, Jaewhan, 1994. "Testing for Unit Roots in Models with Structural Change," Econometric Theory, Cambridge University Press, vol. 10(05), pages 917-936, December.
  7. List, John A. & Gallet, Craig A., 1999. "The environmental Kuznets curve: does one size fit all?," Ecological Economics, Elsevier, vol. 31(3), pages 409-423, December.
  8. Nelson, Charles R. & Plosser, Charles I., 1982. "Trends and random walks in macroeconmic time series : Some evidence and implications," Journal of Monetary Economics, Elsevier, Elsevier, vol. 10(2), pages 139-162.
  9. repec:cup:etheor:v:11:y:1995:i:2:p:359-68 is not listed on IDEAS
  10. Labson B. Stephen & Crompton Paul L., 1993. "Common Trends in Economic Activity and Metals Demand: Cointegration and the Intensity of Use Debate," Journal of Environmental Economics and Management, Elsevier, vol. 25(2), pages 147-161, September.
  11. Andrews, Donald W K, 1991. "Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimation," Econometrica, Econometric Society, Econometric Society, vol. 59(3), pages 817-58, May.
  12. Gene M. Grossman & Alan B. Krueger, 1994. "Economic Growth and the Environment," NBER Working Papers 4634, National Bureau of Economic Research, Inc.
  13. Adolf Mkenda & Henk Folmer, 2001. "The Maximum Sustainable Yield of Artisanal Fishery in Zanzibar: A Cointegration Approach," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 19(4), pages 311-328, August.
  14. Ahrens, W. Ashley & Sharma, Vijaya R., 1997. "Trends in Natural Resource Commodity Prices: Deterministic or Stochastic?," Journal of Environmental Economics and Management, Elsevier, vol. 33(1), pages 59-74, May.
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Citations

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Cited by:
  1. David I. Stern, 2005. "The Effect of NAFTA on Energy and Environmental Efficiency in Mexico," Rensselaer Working Papers in Economics, Rensselaer Polytechnic Institute, Department of Economics 0511, Rensselaer Polytechnic Institute, Department of Economics.
  2. Massimiliano Mazzanti & Antonio Musolesi, 2011. "Income and time related effects in EKC," Working Papers 201105, University of Ferrara, Department of Economics.
  3. Massimiliano Mazzanti & Antonio Musolesi, 2010. "Carbon Abatement Leaders and Laggards Non Parametric Analyses of Policy Oriented Kuznets Curves," Working Papers 2010.149, Fondazione Eni Enrico Mattei.
  4. William A. Brock & M. Scott Taylor, 2004. "The Green Solow Model," NBER Working Papers 10557, National Bureau of Economic Research, Inc.
  5. T. Verbeke & M. De Clercq, 2004. "The Environmental Kuznets Curve: some really disturbing Monte Carlo evidence," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration 04/242, Ghent University, Faculty of Economics and Business Administration.
  6. repec:mop:credwp:08.12.79 is not listed on IDEAS
  7. Cherniwchan, Jevan, 2012. "Economic growth, industrialization, and the environment," Resource and Energy Economics, Elsevier, vol. 34(4), pages 442-467.
  8. Jevan Cherniwchan, 2010. "Economic Growth, Industrialization and the Environment," Working Papers 2010-28, Department of Economics, University of Calgary, revised 01 Nov 2010.
  9. Massimiliano Mazzanti & Antonio Musolesi, 2012. "Breaking Environmental Kuznets Curves. Evaluating Energy and Policy Time Events Effects on CO2 Trends for Advanced Countries," Working Papers 201214, University of Ferrara, Department of Economics.
  10. Verbeke, Tom & De Clercq, Marc, 2006. "The income-environment relationship: Evidence from a binary response model," Ecological Economics, Elsevier, vol. 59(4), pages 419-428, October.
  11. Romero-Ávila, Diego, 2008. "Convergence in carbon dioxide emissions among industrialised countries revisited," Energy Economics, Elsevier, vol. 30(5), pages 2265-2282, September.
  12. Le Pen, Yannick & Sévi, Benoît, 2010. "On the non-convergence of energy intensities: Evidence from a pair-wise econometric approach," Ecological Economics, Elsevier, vol. 69(3), pages 641-650, January.
  13. Mazzanti, M. & Musolesi, A., 2013. "Economic development and CO2 emissions: assessing the effect of policy and energy time events for advanced countries," Working Papers, Grenoble Applied Economics Laboratory (GAEL) 2013-11, Grenoble Applied Economics Laboratory (GAEL).

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