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The aim of this paper is to provide new empirical evidence on the relationship between energy consumption and economic growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality tests. The countries are divided into two groups:...
Persistent link: https://www.econbiz.de/10009320785
for environmental pollution when holding firm equity, they require a premium on the return to equity. We show that …
Persistent link: https://www.econbiz.de/10005196236
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
In this paper we test empirically with the Nordhaus and Yang (1996) RICE model the core property of the transfer scheme adv ocated by Germain, Toint and Tulkens (1997). This scheme is designed to sustain full cooperation in a voluntary international environmental agreement by making all...
Persistent link: https://www.econbiz.de/10005765829
either mitigate the health consequences of domestic pollution privately or reduce pollution collectively through public … ordinary citizens. The recognition that the health consequences of pollution can be dealt with privately at a cost adds an … private mitigation is feasible, inequality of incomes leads to an unequal distribution of the health burden of pollution (in …
Persistent link: https://www.econbiz.de/10008727301
We study the introduction of new technologies when their costs are subject to idiosyncratic uncertainty and can only be fully learned through individual experience. We set up a dynamic model of clean experience goods that replace old polluting consumption options and show how optimal regulation...
Persistent link: https://www.econbiz.de/10010603856
which exhibits distortions due to pollution, external landfilling costs and inefficient product design. The allocative …
Persistent link: https://www.econbiz.de/10005766303
afford private mitigation of the adverse consequences of pollution is a central feature of the analysis. Private mitigation … leads to an endogenous, unequal distribution of the health-related consequences of pollution across income groups in a …
Persistent link: https://www.econbiz.de/10005094435
Persistent link: https://www.econbiz.de/10005181310
Recent literature proposes many variables as significant determinants of pollution. This paper gives an overview of … this literature and asks which of these factors have an empirically robust impact on water and air pollution, i.e. do not … water pollution. …
Persistent link: https://www.econbiz.de/10005406345