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

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  • Annicchiarico, Barbara
  • Bennato, Anna Rita
  • Costa, Andrea

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.

Suggested Citation

  • Annicchiarico, Barbara & Bennato, Anna Rita & Costa, Andrea, 2009. "Economic Growth and Carbon Dioxide Emissions in Italy, 1861-2003," MPRA Paper 12817, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:12817
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    References listed on IDEAS

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    Cited by:

    1. Shahbaz, Muhammad & Shafiullah, Muhammad & Papavassiliou, Vassilios & Hammoudeh, Shawkat, 2017. "The CO2-Growth nexus revisited: A nonparametric analysis for G7 economies over nearly two centuries," MPRA Paper 79019, University Library of Munich, Germany, revised 07 May 2017.
    2. repec:eee:eneeco:v:65:y:2017:i:c:p:183-193 is not listed on IDEAS

    More about this item

    Keywords

    Environmental Kuznets Curve; Carbon Dioxide Emissions; Time Series Analysis; Italian Economy;

    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; Dynamic Treatment Effect Models; Diffusion Processes

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