Cointegration with multiple structural breaks: an application to the Spanish environmental Kuznets curve, 1857-2007
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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| Length: | 25 pages |
| Date of creation: | Jun 2011 |
| Date of revision: | |
| Handle: | RePEc:eec:wpaper:1114 |
| Contact details of provider: | Postal: Edifici Departamental Oriental, Campus dels Tarongers, Avda. dels Tarongers, S/N (4P15), 46022 - València Phone: 963 82 83 49 Fax: 963 82 83 54 Web page: http://www.estructuraeconomica.es Email: More information through EDIRC
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References listed on IDEAS
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.:
- Prados de la Escosura, Leandro, 2007.
"Inequality, poverty, and the Kuznets curve In Spain, 1850-2000,"
IFCS - Working Papers in Economic History.WH
wp07-13, Universidad Carlos III de Madrid. Instituto Figuerola.
- 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.
- Prados de la Escosura, Leandro & Rosés, Joan R., 2009.
"The Sources of Long-Run Growth in Spain, 1850-2000,"
The Journal of Economic History,
Cambridge University Press, vol. 69(04), pages 1063-1091, December.
- 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.
- Rosés, Joan R. & Prados de la Escosura, Leandro, 2007. "The sources of long-run growth in Spain 1850-2000," IFCS - Working Papers in Economic History.WH wp07-02, Universidad Carlos III de Madrid. Instituto Figuerola.
- Prados de la Escosura Leandro, 2003. "El progreso económico de España (1850-2000)," Books, Fundacion BBVA / BBVA Foundation, edition 1, number 201136.
- Prados de la Escosura, Leandro, 2006. "Growth and structural change in Spain, 1850-2000," IFCS - Working Papers in Economic History.WH wp06-05, Universidad Carlos III de Madrid. Instituto Figuerola.
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