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dc.contributor.authorZugravu, Nataliaen_US
dc.contributor.authorMillock, Katrinen_US
dc.contributor.authorDuchene, Gerarden_US
dc.date.accessioned2011-12-15T11:32:01Z-
dc.date.available2011-12-15T11:32:01Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/53255-
dc.description.abstractThe Central and Eastern European countries significantly reduced their carbon dioxide (CO2) emissions between 1995 and 2003. Was this emission reduction just the fortuitous result of the major economic transformation undergone by countries in the transition? Or is it rather a result of more stringent environmental policy? The objective of the article is to answer this question through a simultaneous equation model of the demand (emissions) and supply (environmental stringency) of pollution. The supply equation takes into account the institutional quality of the country as well as consumer preferences for environmental quality. The results indicate that, all else equal, output growth would have increased industrial CO2 emissions in the Central and Eastern European countries in our sample by 31% between 1995 and 2003, and the composition effect corresponded to an increase of 8.4% of emissions. Nevertheless, the technique effect, induced by more stringent environmental policy, reduced industrial CO2 emissions by 58%, and allowed for a final beneficial result for the environment, i.e., -18% of industrial CO2 emissions in 2003 compared to 1995. Finally, our study confirms the importance of institutional factors in the explanation and further prediction of pollution reduction in transition economies.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 58.2008en_US
dc.subject.jelC33en_US
dc.subject.jelD72en_US
dc.subject.jelP5en_US
dc.subject.jelP27en_US
dc.subject.jelQ53en_US
dc.subject.jelQ58en_US
dc.subject.ddc330en_US
dc.subject.keywordTransitionen_US
dc.subject.keywordCO2 Emissionsen_US
dc.subject.keywordEnvironmental Policyen_US
dc.subject.keywordScaleen_US
dc.subject.keywordComposition and Technique Effectsen_US
dc.titleThe factors behind CO2 emission reduction in transition economiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn642760403en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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