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180603s2014 xx |||||o 00| ||eng c |
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|a 10.1016/j.jpolmod.2014.08.006
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|a Bella, Giovanni
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|a The relationship among CO2 emissions, electricity power consumption and GDP in OECD countries
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|c 2014transfer abstract
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|a This paper proposes a panel vector error correction model investigation of a quadratic relationship linking CO2 emissions, GDP levels and electric power consumption. We find that two independent long-run relationships emerge from the data. Since the null of homogeneity across units with regard to long-run elasticities is strongly rejected, we proceed by clustering countries according to the signs of the estimated coefficients. The approach allows us to form three groups: in the first there is evidence of an optimistic scenario, where both CO2 emissions and electric power consumption are bound to decrease in the long-run. An optimistic scenario for emissions reduction is also provided in the second cluster where, however, the long-run relationship between income and electric power consumption shows an U-shaped pattern, instead. Finally, the third cluster can be associated with a much worrying scenario where per capita CO2 is expected to grow with income. A joint consideration of long-run parameters and causality links allows us to propose cluster-tailored policy suggestions.
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|a This paper proposes a panel vector error correction model investigation of a quadratic relationship linking CO2 emissions, GDP levels and electric power consumption. We find that two independent long-run relationships emerge from the data. Since the null of homogeneity across units with regard to long-run elasticities is strongly rejected, we proceed by clustering countries according to the signs of the estimated coefficients. The approach allows us to form three groups: in the first there is evidence of an optimistic scenario, where both CO2 emissions and electric power consumption are bound to decrease in the long-run. An optimistic scenario for emissions reduction is also provided in the second cluster where, however, the long-run relationship between income and electric power consumption shows an U-shaped pattern, instead. Finally, the third cluster can be associated with a much worrying scenario where per capita CO2 is expected to grow with income. A joint consideration of long-run parameters and causality links allows us to propose cluster-tailored policy suggestions.
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| 650 |
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|a Energy consumption
|2 Elsevier
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| 650 |
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|a Panel analysis
|2 Elsevier
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| 650 |
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|a Environmental Kuznets Curve
|2 Elsevier
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| 650 |
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|a CO2 emissions
|2 Elsevier
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| 700 |
1 |
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|a Massidda, Carla
|4 oth
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| 700 |
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|a Mattana, Paolo
|4 oth
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| 773 |
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|i Enthalten in
|n Elsevier
|a Lupberger, J. ELSEVIER
|t 369 EGFR SIGNALING IMPAIRS THE ANTIVIRAL ACTIVITY OF INTERFERON-ALPHA
|d 2013
|d JPMOD : a social science forum of world issues
|g Amsterdam [u.a.]
|w (DE-627)ELV016667247
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| 773 |
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|g volume:36
|g year:2014
|g number:6
|g pages:970-985
|g extent:16
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|u https://doi.org/10.1016/j.jpolmod.2014.08.006
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