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A Bayesian Approach to the Estimation of Environmental Kuznets Curves for CO2 Emissions AgEcon
Mazzanti, Massimiliano; Musolesi, Antonio; Zoboli, Roberto.
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.
Tipo: Working or Discussion Paper Palavras-chave: Environmental Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/12057
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Carbon Kuznets Curves: Long-run Structural Dynamics and Policy Events AgEcon
Mazzanti, Massimiliano; Musolesi, Antonio.
We study the structural differences among climate change leading ‘factors’ - Northern EU members -, and lagging actors - southern EU countries and the ‘Umbrella group’ - with regard to long run carbon-income relationships. Homogeneous and heterogeneous panel models show that the groups of countries less in favour of stringent climate policy have yet to experience a Kuznets curve, though they show relative delinking. Northern EU instead robustly shows bell shapes. Exogenous policy events such as the 1992 climate change convention appear to be relevant in shaping the EKC of Northern EU. In addition, other events such as the second oil price shock appear to have also impacted in shaping the long run emission/GDP dynamics.
Tipo: Working or Discussion Paper Palavras-chave: Carbon Kuznets Curve; Panel Cointegration; Heterogeneous Panels; Cross-Section Correlation; Kyoto Framework; Bayesian Models; Policy Events; Long Run Dynamics; Environmental Economics and Policy; C23; Q53.
Ano: 2009 URL: http://purl.umn.edu/55286
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Water Consumption and Long-Run Urban Development: The Case of Milan AgEcon
Musolesi, Antonio; Nosvelli, Mario.
Analyses of long run consumption series are rare in literature. We study the evolution of water consumption in Milan in the twentieth century. The objective is twofold: on one side, the univariate analysis tries both to assess the impact of relevant socio-economic and environmental changes on water consumption in Milan and verify if consumers have deeply rooted consumption habits. On the other side, the multivariate analysis is used to identify the socio-economic factors that are relevant in explaining consumption evolution. Results indicate both that water users have well entrenched consumption habits and that population, climate and economic structure behave more similarly, in Euclidean terms, to water consumption than to other economic and social...
Tipo: Working or Discussion Paper Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2005 URL: http://purl.umn.edu/12132
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