A Bayesian Approach to the Estimation of Environmental Kuznets Curves for Co2 Emissions
28 Pages Posted: 18 Oct 2006
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: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
The Simple Analytics of the Environmental Kuznets Curve
By James Andreoni and Arik Levinson
-
The Simple Analytics of the Environmental Kuznets Curve
By James Andreoni and Arik Levinson
-
Reexamining the Empirical Evidence for an Environmental Kuznets Curve
By William T. Harbaugh, Arik Levinson, ...
-
A Positive Model of Growth and Pollution Controls
By Larry Jones and Rody Manuelli
-
Economic Growth and the Environment: A Review of Theory and Empirics
By William A. Brock and M. Scott Taylor
-
By William A. Brock and M. Scott Taylor
-
By William A. Brock and M. Scott Taylor
-
The Environmental Kuznets Curve: Exploring a Fresh Specification
By David F. Bradford, Rebecca Fender, ...
-
The Environmental Kuznets Curve: Exploring a Fresh Specification
By David F. Bradford, Rebecca Fender, ...