Club Convergence and Clustering of U.S. Energy-Related CO2 Emissions

James Burnett

No 149578, 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. from Agricultural and Applied Economics Association

Abstract: This study examines the convergence of energy-related carbon dioxide emissions among a panel of U.S. states between the period 1960-2009. This examination is carried out by means of a two-stage procedure. In the first stage, we conduct a novel regression-based convergence test. Unlike previous studies, this methodology endogenously identifies groups of states with emissions that are converging to a similar steady state growth path over time. In the second stage, we evaluate the rate of convergence (beta-convergence) for the whole sample and for each club based on a panel data, fixed effects model which controls for unobserved, time-invariant heterogeneous effects. More specifically, we examine how structural and non-structural variables affect the rates of convergence. Results from stage one and stage two suggest that two groups of states are converging to similar, relative growth paths: a high-emitting group and a medium-emitting group. Finally, we discuss a differentiated policy approach to mitigating carbon dioxide emissions based on the club convergence hypothesis.

Keywords: Environmental Economics and Policy; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 36
Date: 2013
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Club convergence and clustering of U.S. energy-related CO2 emissions (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea13:149578

DOI: 10.22004/ag.econ.149578

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