The Carbon Kuznets Curve: A Cloudy Picture Emitted by Bad Econometrics?

Wagner, Martin (November 2006) The Carbon Kuznets Curve: A Cloudy Picture Emitted by Bad Econometrics? IHS Economics Series 197

[img]
Preview
Text
es-197.pdf

Download (728kB) | Preview

Abstract or Table of Contents

Abstract: In recent years many empirical studies of environmental Kuznets curves employing unit root and cointegration techniques have been conducted for both time series and panel data. When using such methods several issues arise: the effects of ashort time dimension, in a panel context the effects of cross-sectional dependence, and the presence of nonlinear transformations of integrated variables. We discuss and illustrate how ignoring these problems and applying standard methods leads to questionable results. Using an estimation approach that addresses the second and third problem we find no evidence for an inverse U-shaped relationship between GDP and CO2 emissions.;

Item Type: IHS Series
Keywords: 'Carbon Kuznets Curve' 'Panel data' 'Unit roots' 'Cointegration' 'Cross-sectional dependence' 'Nonlinear transformations of regressors'
Classification Codes (e.g. JEL): C12, C13, Q20
Status: Published
Date Deposited: 26 Sep 2014 10:38
Last Modified: 22 Jul 2017 08:54
URI: http://irihs.ihs.ac.at/id/eprint/1736

Actions (login required)

View Item View Item