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Energy Consumption, Economic Growth and CO2 Emissions in Middle East and North African Countries
Arouri, Mohamed El Hedi; Youssef, Adel Ben; M'Henni, Hatem - CESifo - 2012
This article extends the recent findings of Liu (2005), Ang (2007), Apergis et al. (2009) and Payne (2010) by implementing recent bootstrap panel unit root tests and cointegration techniques to investigate the relationship between carbon dioxide emissions, energy consumption, and real GDP for 12...
Persistent link: https://www.econbiz.de/10009645652
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Energy Use and Economic Growth in Africa: A Panel Granger-Causality Investigation
Arouri, Mohamed El Hedi; Youssef, Adel Ben; M'Henni, Hatem - CESifo - 2014
We make use of a bootstrap panel analysis of causality between energy use and economic growth for a sample of sixteen …
Persistent link: https://www.econbiz.de/10010877974
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Energy Consumption and Economic Growth Revisited in African Countries
Eggoh, Jude C.; Bangaké, Chrysost; Rault, Christophe - CESifo - 2011
growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality …
Persistent link: https://www.econbiz.de/10009320785
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Pollution, Shadow Economy and Corruption: Theory and Evidence
Biswas, Amit K.; Farzanegan, Mohammad Reza; Thum, Marcel - CESifo - 2011
We study how the shadow economy affects pollution and how this effect depends on corruption levels in public administration. Production in the shadow economy allows firms to avoid environmental regulation policies; a large informal sector may be accompanied by higher pollution levels. Our...
Persistent link: https://www.econbiz.de/10009368501
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The Environmental Kuznets Curve and Sustainability: A Panel Data Analysis
Farhani, Sahbi; Mrizak, Sana; Chaibi, Anissa; Rault, … - CESifo - 2014
In recent years, sustainability has represented one of the most important policy goals explored in the environmental Kuznets curve (EKC) literature. But related hypotheses, performance measures and results continue to present a challenge. The present paper contributes to this ongoing literature...
Persistent link: https://www.econbiz.de/10010765493
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Fueling Growth when Oil Peaks: Directed Technological Change and the Limits to Efficiency
André, Francisco J.; Smulders, Sjak - CESifo - 2012
While fossil energy dependency has declined and energy supply has grown in the postwar world economy, future resource scarcity could cast its shadow on world economic growth soon if energy markets are forward looking. We develop an endogenous growth model that reconciles the current aggregate...
Persistent link: https://www.econbiz.de/10010586070
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Population under a Cap on Greenhouse Gas Emissions
Bohn, Henning; Stuart, Charles - CESifo - 2010
A cap on greenhouse gas emissions makes total emissions a fixed common-property resource. Population increases under a cap are therefore self-limiting: a population increase raises labor and reduces emissions per unit of labor, which lowers incomes and fertility. Because a marginal birth under a...
Persistent link: https://www.econbiz.de/10008572574
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Stock Markets, Banks and Long Run Economics Growth: A Panel Cointegration-Based Analysis
Cavenaile, Laurent; Gengenbach, Christian; Palm, Franz - CESifo - 2013
the direction of potential causality between financial and economic development. Our results conclude to the existence of … a single cointegrating vector between financial development and growth and of causality going from financial development … to economic growth. We find little evidence of reverse causation as well as bi-directional causality. We interpret this …
Persistent link: https://www.econbiz.de/10010723543
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Market Effects of Voluntary Climate Action by Firms: Evidence from the Chicago Climate Exchange
Gans, Will; Hintermann, Beat - CESifo - 2011
Why do for-profit firms take voluntary steps to improve the environment? Brand appeal to green consumers or investors, the ability to influence or avoid regulation, or the experience gained for future regulation, have all been suggested as possible reasons. The empirical evidence is decidedly...
Persistent link: https://www.econbiz.de/10009021238
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Gasoline Content Regulation and Compliance among US Refineries
Chakravorty, Ujjayant; Nauges, Céline; Thille, Henry - CESifo - 2012
The US refining industry is a leading producer of sulfur oxide and nitrogen oxide emissions. As a result of the Clean Air Act, it has been subject to a host of environmental regulations that prescribe the production processes firms can employ and limits their emissions based on the permits they...
Persistent link: https://www.econbiz.de/10010586073