Breaking Environmental Kuznets Curves. Evaluating Energy and Policy Time Events Effects on CO2 Trends for Advanced Countries

Massimiliano Mazzanti and Antonio Musolesi ()

No 201214, Working Papers from University of Ferrara, Department of Economics

Abstract: This paper documents the structural differences among advanced countries with regard to their long run carbon-income relationships. On the basis of a first application of intervention analysis to Environmental Kuznets curves, we show that time related effects, namely structural breaks, have been predominantly relevant in explaining the eventual occurrence of such bell shaped curves. We indeed find great heterogeneity of effects in comparing advanced countries long run performances. The different response in terms of environmental policy and innovation efforts of northern EU to exogenous policy events such as the 1992 climate change Rio convention, that gave earth to the Kyoto era, and to the second oil shock that preceded it in the 80’s are among the underlying causes. Environmental policy can be or create the pre conditions to 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.

Keywords: Carbon Kuznets Curves; Rio convention; policy events; oil shocks; intervention analysis; structural breaks (search for similar items in EconPapers)
JEL-codes: C22 Q53 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2012-09-23
New Economics Papers: this item is included in nep-agr, nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://out.economia.unife.it/uploads/dip_deit/quaderni/201214.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:udf:wpaper:201214

Access Statistics for this paper

More papers in Working Papers from University of Ferrara, Department of Economics Via Voltapaletto, 11 - I-44121 Ferrara (Italy). Contact information at EDIRC.
Bibliographic data for series maintained by Alberto Benati ().