EconPapers    
Economics at your fingertips  
 

Economic development and CO2 emissions: assessing the effect of policy and energy time events for advanced countries

Massimiliano Mazzanti () and Antonio Musolesi ()

Working Papers from Grenoble Applied Economics Laboratory (GAEL)

Abstract: This paper documents the structural differences that exist among advanced countries with regard to their long run carbon dioxide-income relationships. The application of intervention analysis to the framework of Environmental Kuznets curves shows that time related effects, namely structural breaks, have been predominantly relevant in explaining the eventual occurrence of `bell shaped curves' with significant turning points. We indeed present heterogeneity of effects when comparing advanced countries long run dynamics. The second oil shock in the 80's and the 1992 Rio convention are among the major underlying causes of temporal breaks. Thus, environmental policy can exert long run beneficial shocks to the energy-economic system. Evidence provides food for thought for the post Kyoto era policy making, just after the Rio+20 step. Market and policy shocks are likely to be dynamically interrelated, but generating mutually interactive effects in the way the system `adapts' and reacts to changing (pricing) conditions over time.

Keywords: ENVIRONMENTAL KUZNETS CURVE; CARBON KUZNETS CURVE; RIO CONVENTION; POLICY EVENT; OIL SHOCK; INTERVENTION ANALYSIS; STRUCTURAL BREAK (search for similar items in EconPapers)
JEL-codes: C22 Q53 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-ene and nep-env
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://gael.univ-grenoble-alpes.fr/sites/gael/fil ... 2013/gael2013-12.pdf (application/pdf)

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:gbl:wpaper:2013-11

Access Statistics for this paper

More papers in Working Papers from Grenoble Applied Economics Laboratory (GAEL) Contact information at EDIRC.
Bibliographic data for series maintained by Agnès Vertier ().

 
Page updated 2019-06-19
Handle: RePEc:gbl:wpaper:2013-11