150 Years of Italian Co2 Emissions and Economic Growth
50 Pages Posted: 8 Aug 2014
Date Written: July 12, 2014
This paper examines the relationship between economic growth and carbon dioxide emissions in Italy considering the developments in a 150-year time span. Using several statistical techniques, we find that GDP growth and carbon dioxide emissions are strongly interrelated, with a dramatic change of the elasticity of pollutant emissions with respect to output. Our findings highlight lack of structural change in the reduction of the carbon dioxide, suggesting the difficulties for Italy to meet the emissions targets within the Europe 2020 strategy.
Keywords: Carbon Dioxide Emissions, Time Series Analysis, Italian Economy, Environmental Kuznets Curve
JEL Classification: Q50, C22
Suggested Citation: Suggested Citation