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Carbon Kuznets Curves: Long-run Structural Dynamics and Policy Events

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Author Info

  • Massimiliano Mazzanti

    (University of Ferrara & CERIS CNR and CESAER INRA, UMR)

  • Antonio Musolesi

    (University of Ferrara & CERIS CNR and CESAER INRA, UMR)

Abstract

We study the structural differences among climate change leading ‘factors’ - Northern EU members -, and lagging actors - southern EU countries and the ‘Umbrella group’ - with regard to long run carbon-income relationships. Homogeneous and heterogeneous panel models show that the groups of countries less in favour of stringent climate policy have yet to experience a Kuznets curve, though they show relative delinking. Northern EU instead robustly shows bell shapes. Exogenous policy events such as the 1992 climate change convention appear to be relevant in shaping the EKC of Northern EU. In addition, other events such as the second oil price shock appear to have also impacted in shaping the long run emission/GDP dynamics.

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Bibliographic Info

Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2009.87.

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Date of creation: Oct 2009
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Handle: RePEc:fem:femwpa:2009.87

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Keywords: Carbon Kuznets Curve; Panel Cointegration; Heterogeneous Panels; Cross-Section Correlation; Kyoto Framework; Bayesian Models; Policy Events; Long Run Dynamics;

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References

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Cited by:
  1. Bellla, Gianni & Massidda, Carla & Etzo, Ivan, 2010. "A panel estimation of the relationship between income, electric power consumption and CO2 emissions," MPRA Paper 26077, University Library of Munich, Germany.
  2. Leitão, Alexandra, 2010. "Corruption and the environmental Kuznets Curve: Empirical evidence for sulfur," Ecological Economics, Elsevier, vol. 69(11), pages 2191-2201, September.
  3. Nicole Grunewald & Inmaculada Martínez-Zarzoso, 2011. "How well did the Kyoto Protocol work? A dynamic-GMM approach with external instruments," Ibero America Institute for Econ. Research (IAI) Discussion Papers 212, Ibero-America Institute for Economic Research.

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