Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (November 2006) The Carbon Kuznets Curve: A Cloudy Picture Emitted by Bad Econometrics? Former Series > Working Paper Series > IHS Economics Series 197
es-197.pdf
Download (728kB) | Preview
Abstract
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 |
Date Deposited: | 26 Sep 2014 10:38 |
Last Modified: | 19 Sep 2024 08:48 |
ISBN: | 1605-7996 |
URI: | https://irihs.ihs.ac.at/id/eprint/1736 |