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dc.contributor.authorPARUOLO PAOLOen_GB
dc.contributor.authorMURPHY Benen_GB
dc.contributor.authorJANSSENS-MAENHOUT Greeten_GB
dc.date.accessioned2015-05-28T10:32:48Z-
dc.date.available2015-01-19en_GB
dc.date.available2015-05-28T10:32:48Z-
dc.date.created2015-01-08en_GB
dc.date.issued2015en_GB
dc.date.submitted2014-09-09en_GB
dc.identifier.citationSTOCHASTIC ENVIRONMENTAL RESEARCH AND RISK ASSESSMENT vol. 29 no. 1 p. 93-107en_GB
dc.identifier.issn1436-3240en_GB
dc.identifier.urihttp://link.springer.com/article/10.1007%2Fs00477-014-0929-9en_GB
dc.identifier.urihttp://publications.jrc.ec.europa.eu/repository/handle/JRC91677-
dc.description.abstractThis paper analyzes the relation between income and emissions in the period 1970-2008, for all world countries. We consider time-series of CO2, SO2 and GWP100, and use Vector Autoregressive models that allow for nonstationarity and cointegration. At 5\% significance level, income and emissions are found to be driven by unrelated random walks with drift (respectively by a common random walk with drift) in about 70% (respectively 25%) of cases; in the remaining cases the variables are trend-stationary. Tests of Granger-causality show evidence of both directions of causality. For the case of unrelated stochastic trends, we almost never find income driving emissions, as predicted by a consumption-function interpretation. These causality results and the absence of a common trend challenge the main implications of the Environmental Kuznets Curve, namely that the dominant direction of causality should be from income to emissions, and that for increasing levels of income, emissions should tend to decrease.en_GB
dc.description.sponsorshipJRC.DDG.01-Econometrics and applied statisticsen_GB
dc.format.mediumPrinteden_GB
dc.languageENGen_GB
dc.publisherSPRINGERen_GB
dc.relation.ispartofseriesJRC91677en_GB
dc.titleDo emissions and income have a common trend? A country-specific, time-series, global analysis, 1970-2008en_GB
dc.typeArticles in periodicals and booksen_GB
dc.identifier.doi10.1007/s00477-014-0929-9en_GB
JRC Directorate:Joint Research Centre Corporate Activities

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