EconPapers    
Economics at your fingertips  
 

Greenhouse Emissions and Productivity Growth

Pantelis Kalaitzidakis, Theofanis P. Mamuneas () and Thanasis Stengos ()
Additional contact information
Theofanis P. Mamuneas: Department of Economics, University of Cyprus, P.O. Box 20537, Nicosia 1678, Cyprus

Journal of Risk and Financial Management, 2018, vol. 11, issue 3, 1-14

Abstract: In this paper, we examine the effect of emissions, as measured by carbon dioxide (CO 2 ), on economic growth among a set of OECD countries during the period 1981–1998. We examine the relationship between total factor productivity (TFP) growth and emissions using a semiparametric smooth coefficient model that allow us to directly estimate the output elasticity of emissions. The results indicate that there exists a monotonically-increasing relationship between emissions and TFP growth. The output elasticity of CO 2 emissions is small with an average sample value of 0.07. In addition, we find an average contribution of CO 2 emissions to productivity growth of about 0.063 percent for the period 1981–1998.

Keywords: TFP growth; emissions; materials balance condition; semiparametric estimation (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
https://www.mdpi.com/1911-8074/11/3/38/pdf (application/pdf)
https://www.mdpi.com/1911-8074/11/3/38/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jjrfmx:v:11:y:2018:i:3:p:38-:d:156902

Access Statistics for this article

Journal of Risk and Financial Management is currently edited by Prof. Dr. Michael McAleer

More articles in Journal of Risk and Financial Management from MDPI, Open Access Journal
Bibliographic data for series maintained by XML Conversion Team ().

 
Page updated 2019-04-18
Handle: RePEc:gam:jjrfmx:v:11:y:2018:i:3:p:38-:d:156902