Cointegration with multiple structural breaks: an application to the Spanish environmental Kuznets curve, 1857-2007
AbstractIn this paper we consider the possibility that a linear cointegrated regression model with multiples structural changes would provide a better empirical description of the Spanish environmental Kuznets curve during the period 1857-2007. Our methodology is based on instability tests recently proposed in Kejriwal and Perron (2008, 2010) as well as the cointegration test in Arai and Kurozumi (2007) and Kejriwal (2008) developed to allow for a single or multiple breaks under the null hypothesis of cointegration, respectively. Overall, the results of the Kejriwal-Perron tests suggest a model with two breaks estimated at 1941 and 1967 and three regimes. The coefficient estimated between per capita CO2 and per-capita income (or long-run elasticity) in a two breaks model show a tendency to decrease over time. This implies that even if per capita CO2 consumption is monotonically rising in income, the "income elasticity" is less than one.
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Bibliographic InfoPaper provided by Department of Applied Economics II, Universidad de Valencia in its series Working Papers with number 1114.
Length: 25 pages
Date of creation: Jun 2011
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Environmental Kuznets curve; CO2 emissions; Cointegration; Multiple Structural Breaks;
Find related papers by JEL classification:
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
- Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
This paper has been announced in the following NEP Reports:
- NEP-AGR-2011-06-18 (Agricultural Economics)
- NEP-ALL-2011-06-18 (All new papers)
- NEP-ENE-2011-06-18 (Energy Economics)
- NEP-ENV-2011-06-18 (Environmental Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Prados De La Escosura, Leandro, 2008.
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European Review of Economic History,
Cambridge University Press, vol. 12(03), pages 287-324, December.
- Leandro Prados de la Escosura, 2007. "Inequality, poverty, and the Kuznets curve In Spain, 1850-2000," Working Papers in Economic History wp07-13, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
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