A Bayesian Approach to the Estimation of Environmental Kuznets Curves for Co2 Emissions

28 Pages Posted: 18 Oct 2006

See all articles by Massimiliano Mazzanti

Massimiliano Mazzanti

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

Antonio Musolesi

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

Roberto Zoboli

CERIS-CNR Italian National Research Council; Catholic University of Milan

Date Written: October 2006

Abstract

This paper investigates the EKC curves for CO2 emissions in a panel of 109 countries during the period 1959-2001. The length of the series makes the application of a heterogeneous estimator suitable from an econometric point of view. The results, based on the hierarchical Bayes estimator, show that different EKC dynamics are associated with the different sub samples of countries considered. On average, more industrialized countries show an EKC evidence in quadratic specifications, which are nevertheless probably evolving into an N shape, emerging from cubic specifications. Less developed countries consistently show that CO2 emissions still rise positively with income, though some signals of an EKC path arise.

Keywords: Environmental Kuznets Curve, CO2 Emissions, Bayesian Approach, Heterogeneous Panels

JEL Classification: C23, Q25

Suggested Citation

Mazzanti, Massimiliano and Musolesi, Antonio and Zoboli, Roberto, A Bayesian Approach to the Estimation of Environmental Kuznets Curves for Co2 Emissions (October 2006). FEEM Working Paper No. 121.06, Available at SSRN: https://ssrn.com/abstract=936903 or http://dx.doi.org/10.2139/ssrn.936903

Massimiliano Mazzanti (Contact Author)

University of Ferrara & CERIS CNR, Italy ( email )

via Voltapaletto, 11
Ferrara, 44100
Italy

CESAER INRA, UMR, France ( email )

via Bassini 15
Milan
Italy

Antonio Musolesi

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

Via Bassini, 15
20133 Milano
Italy

Roberto Zoboli

CERIS-CNR Italian National Research Council ( email )

Via Bassini 15
Milan, 20133
Italy
+390223699503 (Phone)
+390223699530 (Fax)

Catholic University of Milan ( email )

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Milan, 20121
Italy
+390272342475 (Fax)

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