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Unpublished Paper
Carbon Kuznets Curves: Long-run Structural Dynamics and Policy Events
Fondazione Eni Enrico Mattei Working Papers
  • Massimiliano Mazzanti, University of Ferrara & CERIS CNR and CESAER INRA, UMR
  • Antonio Musolesi, University of Ferrara & CERIS CNR and CESAER INRA, UMR
Date of This Version
10-29-2009
Abstract
We study the structural differences among climate change leading ‘factors’ - Northern EU members -, and lagging actors - southern EU countries and the ‘Umbrella group’ - with regard to long run carbon-income relationships. Homogeneous and heterogeneous panel models show that the groups of countries less in favour of stringent climate policy have yet to experience a Kuznets curve, though they show relative delinking. Northern EU instead robustly shows bell shapes. Exogenous policy events such as the 1992 climate change convention appear to be relevant in shaping the EKC of Northern EU. In addition, other events such as the second oil price shock appear to have also impacted in shaping the long run emission/GDP dynamics.
Citation Information
Massimiliano Mazzanti and Antonio Musolesi. "Carbon Kuznets Curves: Long-run Structural Dynamics and Policy Events" (2009)
Available at: http://works.bepress.com/massimiliano_mazzanti1/8/