Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73738
Authors: 
Itkonen, Juha
Year of Publication: 
2010
Series/Report no.: 
Ifo Working Paper 95
Abstract: 
The carbon Kuznetz curve (CKC) hypothesis assumes that carbon dioxide emissions initially increase in tandem with output but start decreasing at higher levels of output. This paper considers the internal validity of estimating the CKC in an integrated framework of carbon dioxide emissions, energy consumption, and output, as done in recent literature. We argue that, first, the research question and the feasible conclusions differ from the standard CKC-framework. Second, the estimates are biased to overstate thecompatibility of development and environmental policy goals. In a more realistic model carbon dioxide emissions rise quicker, peak later, and decrease slower as output increases.
Subjects: 
Energy consumption
carbon dioxide emissions
environmental Kuznets curve
JEL: 
O13
Q54
Document Type: 
Working Paper

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