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Cointegration with multiple structural breaks: an application to the Spanish environmental Kuznets curve, 1857-2007

  • Vicente Esteve

    (Universidad de Valencia and Universidad de La Laguna, Spain)

  • Cecilio Tamarit

    (Universidad de Valencia, Spain)

In 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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File URL: ftp://147.156.210.157/RePEc/pdf/eec_1114.pdf
File Function: First version, 2011
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Paper provided by Department of Applied Economics II, Universidad de Valencia in its series Working Papers with number 1114.

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Length: 25 pages
Date of creation: Jun 2011
Date of revision:
Handle: RePEc:eec:wpaper:1114
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  1. Prados De La Escosura, Leandro, 2008. "Inequality, poverty and the Kuznets curve in Spain, 1850–2000," European Review of Economic History, Cambridge University Press, vol. 12(03), pages 287-324, December.
  2. Prados de la Escosura, Leandro & Rosés, Joan R., 2007. "The Sources of Long-run Growth in Spain 1850-2000," CEPR Discussion Papers 6189, C.E.P.R. Discussion Papers.
  3. Leandro Prados de la Escosura, 2006. "Growth And Structural Change In Spain, 1850-2000," Working Papers in Economic History wp06-05, Universidad Carlos III, Instituto Figuerola de Historia y Ciencias Sociales.
  4. Prados de la Escosura Leandro, 2003. "El progreso económico de España (1850-2000)," Books, Fundacion BBVA / BBVA Foundation, edition 1, number 201136.
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