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Determinants of Carbon Emission Cyclical in Three Various Sectors by America GDP Cyclical from 1980 to 2020

In: Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

Author

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  • Yilin Yuan

    (School of the Affiliated International School of Shenzhen University)

Abstract

The aim of this article is to verify whether the U.S GDP from 1980 to 2020 has a deterrent effect or a causal relationship on the carbon emission in different use as well as income elasticity as an evaluation of factors of their relationships. All the three co-movements of cyclical components and U.S GDP illustrates a close tie of each other, and aviation gasoline and household petroleum carbon emission witness a positive correlation with the U.S GDP. It optimizes the existing articles which study how to reduce the carbon emission in various sectors by advanced technical models. The methodology use in this article is detrending, which use Excel trendline and HP Filter to find out the best-fit line of the trend of U.S GDP and carbon emission in three different sectors and calculate standard deviation and correlation to compare each cyclical component. The remarkable breakthrough is the amount of carbon emission depends on the income elasticity of demand in the U.S

Suggested Citation

  • Yilin Yuan, 2022. "Determinants of Carbon Emission Cyclical in Three Various Sectors by America GDP Cyclical from 1980 to 2020," Advances in Economics, Business and Management Research, in: Yushi Jiang & Yuriy Shvets & Hrushikesh Mallick (ed.), Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022), pages 312-317, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-036-7_47
    DOI: 10.2991/978-94-6463-036-7_47
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