Dynamic misspecification in the environmental Kuznets curve: Evidence from CO2 and SO2 emissions in the United Kingdom

Fosten, Jack, Morley, Bruce and Taylor, Tim (2012) Dynamic misspecification in the environmental Kuznets curve: Evidence from CO2 and SO2 emissions in the United Kingdom. Ecological Economics, 76. pp. 25-33. ISSN 0921-8009

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Abstract

This study looks at the behaviour of emissions when in disequilibrium with respect to the environmental Kuznets curve (EKC) relationship. We use the non-linear threshold cointegration and error correction methodology and a long dataset beginning in 1830, in an application to the United Kingdom. There is significant evidence that, not only does the 'inverse-U' shape hold between per capita CO2 and SO2 emissions and GDP per capita, but we also find that temporary disequilibrium from the long-run EKC is corrected in an asymmetric fashion. This may be due to the historical pressure of environmental regulation in the UK to reduce emissions that are higher than permitted. However further analysis suggests that technological change can partially account for the asymmetric adjustment. (C) 2012 Elsevier B.V. All rights reserved.

Item Type: Article
Uncontrolled Keywords: environmental kuznets curve,emissions,cointegration,nonlinear error correction
Faculty \ School: Faculty of Social Sciences > School of Economics
Depositing User: Pure Connector
Date Deposited: 18 Aug 2015 14:24
Last Modified: 22 Apr 2020 00:24
URI: https://ueaeprints.uea.ac.uk/id/eprint/54132
DOI: 10.1016/j.ecolecon.2012.01.023

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