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station level adjustment mechanisms in dynamic panel regressions with climate data. The paper provides asymptotic analyses … standard dynamic panel regression and cointegration techniques that have been used in earlier research. The findings reveal … massive bias in system GMM estimation of the dynamic panel regression parameters, which arise from fixed effect heterogeneity …
Persistent link: https://www.econbiz.de/10012265695
The purpose of this article is twofold: First to discuss three misconceptions in the debate on climate policies: i) that de-growth is necessary, ii) that the market economy is part of the problem rather than part of the solution to climate change, and iii) that the only policy tool needed is to...
Persistent link: https://www.econbiz.de/10012166055
African (MENA) countries over the period 1990-2010 using panel data methods. For the first specification, namely EKC, we show …
Persistent link: https://www.econbiz.de/10010350476
particular, we propose to test the Environmental Kuznets Curve (EKC) hypothesis for a panel of 24 OECD countries and 32 non … semiparametric panel data model. Our results corroborates that the nature and validity of the income–pollution relationship based on …
Persistent link: https://www.econbiz.de/10012388215
Persistent link: https://www.econbiz.de/10011430662
We study the impact of climate volatility on economic growth exploiting data on 133 countries between 1960 and 2005. We show that the conditional (ex ante) volatility of annual temperatures increased steadily over time, rendering climate conditions less predictable across countries, with...
Persistent link: https://www.econbiz.de/10012608712
We derive the optimal contributions to global climate policy when countries differ with respect to income level and pollution intensity. Countries' growth rates are determined endogenously, and abatement efficiency is improved by technical progress. We show that country heterogeneity has a...
Persistent link: https://www.econbiz.de/10011920831
Persistent link: https://www.econbiz.de/10014252062
Global temperature has gradually been warming, which has had different impacts on economic activities in various countries. How to mitigate the negative impact of global climate change on economic development has become an important issue of concern for both governments and academia. In this...
Persistent link: https://www.econbiz.de/10014081952
precipitation from their historical norms. Using a panel data set of 174 countries over the years 1960 to 2014, we find that per …
Persistent link: https://www.econbiz.de/10012031151