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| Perman, Roger; Stern, David I.. |
| The Environmental Kuznets Curve (EKC) hypothesis – an inverted U-shape relation between various indicators of environmental degradation and income per capita – has become one of the ‘stylised facts’ of environmental and resource economics. This is despite considerable criticism on both theoretical and empirical grounds. Cointegration analysis can be used to test the validity of such stylised facts when the data involved contain stochastic trends. In the present paper, we use cointegration analysis to test the EKC hypothesis using a panel dataset of sulfur emissions and GDP data for 74 countries over a span of 31 years. We find that the data is stochastically trending in the time-series dimension. Given this, and interpreting the EKC as a long run... |
| Tipo: Journal Article |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2003 |
URL: http://purl.umn.edu/116988 |
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| Stern, David I.. |
| Interfuel substitutability has been of longstanding interest to energy economists and policy makers. However, there has been no quantitative meta-analysis of this literature. This research report fills this gap by analysing a broad sample of studies of interfuel substitution in the industrial sector, manufacturing industry or sub-industries, and macro-economy of a variety of developed and developing economies. The primary study sample size has been included in the meta-regression to control for publication bias. At the industrial level, results for the shadow elasticities of substitution between coal, oil, gas, and electricity for forty-six primary studies show that, except for gas-electricity and coal-electricity, there are easy substitution... |
| Tipo: Report |
Palavras-chave: Meta-analysis; Energy; Substitution; Elasticity; Interfuel; Environmental Economics and Policy; Resource /Energy Economics and Policy; D24; Q40. |
| Ano: 2009 |
URL: http://purl.umn.edu/94882 |
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| Stern, David I.; Lambie, Neil Ross. |
| The relative cost of carbon emissions reductions across regions depends on whether we measure cost by marginal or total cost, private or economy-wide cost, and using market or purchasing power parity exchange rates. If all countries are on the same marginal carbon abatement cost curve then lower marginal costs of abatement are associated with higher energy intensities and higher total costs of abatement in achieving proportional cuts in emissions, equal emissions per capita, or common global carbon price targets. We test this conjecture using the results of the GTEM computable general equilibrium model as presented in the climate change economics review conducted by the Australian Treasury Department. Rankings of countries by costs do differ depending on... |
| Tipo: Journal Article |
Palavras-chave: Climate change; Costs; Developing countries; Computable general equilibrium; Environmental Economics and Policy; Q52; Q54. |
| Ano: 2010 |
URL: http://purl.umn.edu/95058 |
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