The Dynamics of Cyclical Convergence and Decoupling in the Environmental Performance of Spanish Regions

Alfredo Cabezas-Ares, María Jesús Delgado-Rodríguez and de Lucas Santos Sonia ()
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Alfredo Cabezas-Ares: Department of Business Administration (ADO), Applied Economics II and Fundaments of Economic Analysis, Universidad Rey Juan Carlos de Madrid, Pº Artilleros s/n, 28670 Madrid, Spain
María Jesús Delgado-Rodríguez: Department of Business Administration (ADO), Applied Economics II and Fundaments of Economic Analysis, Universidad Rey Juan Carlos de Madrid, Pº Artilleros s/n, 28670 Madrid, Spain
Authors registered in the RePEc Author Service: Maria Jesus Delgado Rodriguez ()

Sustainability, 2020, vol. 12, issue 20, 1-14

Abstract: Spain is aiming at moving towards a low-carbon economy. The success of this task will depend on the capacities of Spanish regions to follow the national energy and climate strategy and decarbonize their economies. In this paper, we analyze the CO 2 fluctuations and links with economic activity, throughout the period 1990 to 2018, using dynamic factor and recursive estimation models. We confirm the robustness of our results by testing the stability of the estimated parameters. Our findings show that the dynamics of the pattern of synchronization and decoupling of the regions are quite similar. Nonetheless, there are significant differences regarding the comparison of levels and trajectories across regions, emphasizing the need to intensify efforts to achieve national objectives. This study highlights interest in utilizing the proposed approach for the analysis of the short-run dynamics of environmental performance.

Keywords: environmental performance; factor model; environmental cyclical convergence; decoupling; European Green Agreement; economic transaction (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:20:p:8569-:d:429141

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