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Economic Growth and Carbon Dioxide Emissions in Italy, 1861-2003

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Author Info
Annicchiarico, Barbara
Bennato, Anna Rita
Costa, Andrea

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Abstract

This paper examines the relationship between economic growth and carbon dioxide emissions in Italy for the period 1861-2003. Using cointegration, rolling regression and error correction modeling techniques, we find that growth and carbon dioxide emissions are strongly interrelated, and elasticity of pollutant emissions with respect to income has been decreasing over time. For the period 1960-2003 EKC estimates provide evidence for the existence of a reasonable "turning point". However, given the heavy dependence of Italian economy upon fossil fuels, meeting the emissions targets in the accomplishing of the Kyoto Protocol is a very challenging task.

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File URL: http://mpra.ub.uni-muenchen.de/12817/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 12817.

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Date of creation: Jan 2009
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Handle: RePEc:pra:mprapa:12817

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Related research
Keywords: Environmental Kuznets Curve; Carbon Dioxide Emissions; Time Series Analysis; Italian Economy;

Find related papers by JEL classification:
Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions

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    Other versions:
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  8. Roca, Jordi & Serrano, Monica, 2007. "Income growth and atmospheric pollution in Spain: An input-output approach," Ecological Economics, Elsevier, vol. 63(1), pages 230-242, June. [Downloadable!] (restricted)
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  9. Elliott, Graham & Rothenberg, Thomas J & Stock, James H, 1996. "Efficient Tests for an Autoregressive Unit Root," Econometrica, Econometric Society, vol. 64(4), pages 813-36, July. [Downloadable!] (restricted)
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  11. Lantz, V. & Feng, Q., 2006. "Assessing income, population, and technology impacts on CO2 emissions in Canada: Where's the EKC?," Ecological Economics, Elsevier, vol. 57(2), pages 229-238, May. [Downloadable!] (restricted)
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  13. Stern , David I., 1998. "Progress on the environmental Kuznets curve?," Environment and Development Economics, Cambridge University Press, vol. 3(02), pages 173-196, May. [Downloadable!]
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  21. Muller-Furstenberger, Georg & Wagner, Martin, 2007. "Exploring the environmental Kuznets hypothesis: Theoretical and econometric problems," Ecological Economics, Elsevier, vol. 62(3-4), pages 648-660, May. [Downloadable!] (restricted)
    Other versions:
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    Other versions:
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