Carbon Abatement Leaders and Laggards Non Parametric Analyses of Policy Oriented Kuznets Curves

50 Pages Posted: 6 Jan 2011

See all articles by Massimiliano Mazzanti

Massimiliano Mazzanti

University of Ferrara

Antonio Musolesi

University of Ferrara & CERIS CNR, Italy; CESAER INRA, UMR, France

Date Written: January 4, 2011

Abstract

We study the eventual structural differences of climate change leading ‘actors’ such as Northern EU countries, and ‘lagging actors’ - southern EU countries and the ‘Umbrella group’ - with regard to long run (1960-2001) carbon-income relationships. Parametric and semi parametric panel models show that the groups of countries that were in the Kyoto arena less in favour of stringent climate policy, have yet to experience a turning point, though they at least show relative delinking in their monotonic carbon-income relationship. Northern EU instead robustly shows bell shapes across models, which seem to depend on time related (policy) events. Time related effects are more relevant than income effects in explaining the occurrence of robust Kuznets curves. The reaction of northern EU to exogenous policy events such as the 1992 climate change convention that gave earth to the Kyoto era, and even the second oil shock that preceded it in the 80’s are among the causes of the observed structural differences.

Keywords: Carbon Kuznets Curves, Kyoto, Long Run Dynamics, Policy Events, Heterogeneous Panels, Cross-Section Correlation, Semi Parametric Models, Common Time Trends

JEL Classification: C14, C22, C23, Q53

Suggested Citation

Mazzanti, Massimiliano and Musolesi, Antonio, Carbon Abatement Leaders and Laggards Non Parametric Analyses of Policy Oriented Kuznets Curves (January 4, 2011). FEEM Working Paper No. 149.2010. Available at SSRN: https://ssrn.com/abstract=1734640 or http://dx.doi.org/10.2139/ssrn.1734640

Massimiliano Mazzanti (Contact Author)

University of Ferrara ( email )

C.so Ercole I° d'Este 37
Ferrara, 44100
Italy

Antonio Musolesi

University of Ferrara & CERIS CNR, Italy; CESAER INRA, UMR, France ( email )

Via Bassini, 15
20133 Milano
Italy

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