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Title:Carbon abatement leaders and laggards. Non parametric analyses of policy oriented Kuznets curves PDF Logo
Authors:Mazzanti, Massimiliano
Musolesi, Antonio
Issue Date:2010
Series/Report no.:Nota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 2010,149
Abstract:We study the eventual structural differences of climate change leading 'actors' such as Northern EU countries, and 'lagging actors' - southern EU countries and the 'Umbrella group' - with regard to long run (1960-2001) carbon-income relationships. Parametric and semi parametric panel models show that the groups of countries that were in the Kyoto arena less in favour of stringent climate policy, have yet to experience a turning point, though they at least show relative delinking in their monotonic carbon-income relationship. Northern EU instead robustly shows bell shapes across models, which seem to depend on time related (policy) events. Time related effects are more relevant than income effects in explaining the occurrence of robust Kuznets curves. The reaction of northern EU to exogenous policy events such as the 1992 climate change convention that gave earth to the Kyoto era, and even the second oil shock that preceded it in the 80's are among the causes of the observed structural differences.
Subjects:Carbon Kuznets Curves
Kyoto
Long Run Dynamics
Policy Events
Heterogeneous Panels
Cross-Section Correlation
Semi Parametric Models
Common Time Trends
JEL:C14
C22
C23
Q53
Document Type:Working Paper
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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