Bella, Giovanni; Massidda, Carla; Mattana, Paolo - In: Journal of Policy Modeling 36 (2014) 6, pp. 970-985
This paper proposes a panel vector error correction model investigation of a quadratic relationship linking CO2 emissions, GDP levels and electric power consumption. We find that two independent long-run relationships emerge from the data. Since the null of homogeneity across units with regard...