Carbon Kuznets Curves: Long-run structural dynamics and policy events

Arbeitspapier

We study the structural differences among climate change leading factors - Northern EU members -, and lagging actors - southern EU countries and the Umbrella group - with regard to long run carbon-income relationships. Homogeneous and heterogeneous panel models show that the groups of countries less in favour of stringent climate policy have yet to experience a Kuznets curve, though they show relative delinking. Northern EU instead robustly shows bell shapes. Exogenous policy events such as the 1992 climate change convention appear to be relevant in shaping the EKC of Northern EU. In addition, other events such as the second oil price shock appear to have also impacted in shaping the long run emission/GDP dynamics.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Nota di Lavoro ; No. 87.2009

Classification and Topics

• Classification: Wirtschaft ; Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models ; Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
• Subject: Carbon Kuznets Curve ; Panel Cointegration ; Heterogeneous Panels ; Cross-Section Correlation ; Kyoto Framework ; Bayesian Models ; Policy Events ; Long Run Dynamics

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Mazzanti, Massimiliano ; Musolesi, Antonio
• Event: Veröffentlichung
• (who): Fondazione Eni Enrico Mattei (FEEM)
• (where): Milano
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/53387
• Last update: 10.03.2025, 11:44 AM CET