Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/53387
Authors: 
Mazzanti, Massimiliano
Musolesi, Antonio
Year of Publication: 
2009
Series/Report no.: 
Nota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 87.2009
Abstract: 
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.
Subjects: 
Carbon Kuznets Curve
Panel Cointegration
Heterogeneous Panels
Cross-Section Correlation
Kyoto Framework
Bayesian Models
Policy Events
Long Run Dynamics
JEL: 
C23
Q53
Document Type: 
Working Paper

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