Evidence on business cycles and CO2 emissions

被引:72
|
作者
Doda, Baran [1 ]
机构
[1] Univ London London Sch Econ & Polit Sci, Grantham Res Inst Climate Change & Environm, London WC2A 2AE, England
关键词
Business cycle fluctuations; Climate change; CO2; emissions; CARBON-DIOXIDE EMISSIONS; ENERGY-CONSUMPTION;
D O I
10.1016/j.jmacro.2014.01.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
CO2 emissions and GDP move together over the business cycle. Most climate change researchers would agree with this statement despite the absence of a study that formally analyzes the relationship between emissions and GDP at business cycle frequencies. The paper provides a rigorous empirical analysis of this relationship in a comprehensive cross-country panel by decomposing the emissions and GDP series into their growth and cyclical components using the HP filter. Focusing on the cyclical components, four robust facts emerge: (1) Emissions are procyclical. (2) Procyclicality of emissions is positively correlated with GDP per capita. (3) Emissions are cyclically more volatile than GDP. (4) Cyclical volatility of emissions is negatively correlated with GDP per capita. These facts are potentially important for the calibration of theoretical models used to evaluate climate change mitigation policies. (C) 2014 Elsevier Inc. All rights reserved.
引用
收藏
页码:214 / 227
页数:14
相关论文
共 50 条
  • [21] The Relationship between Consumption and CO2 Emissions: Evidence for Portugal
    Belbute, Jose M.
    Pereira, Alfredo M.
    SUSTAINABILITY, 2021, 13 (21)
  • [22] CO2 emissions embodied in international trade:: evidence for Spain
    Sánchez-Chóliz, J
    Duarte, R
    ENERGY POLICY, 2004, 32 (18) : 1999 - 2005
  • [23] CO2 emissions persistence: Evidence using fractional integration
    Claudio-Quiroga, Gloria
    Gil-Alana, Luis Alberiko
    ENERGY STRATEGY REVIEWS, 2022, 43
  • [24] CO2 EMISSIONS AND FINANCIAL INSTABILITY: CROSS COUNTRY EVIDENCE
    Ali, Minhaj
    Yang, Bo
    Nazir, Muhammad Rizwan
    Ullah, Wajeeh
    RISUS-JOURNAL ON INNOVATION AND SUSTAINABILITY, 2020, 11 (01): : 86 - 108
  • [25] Carbon emissions and business cycles
    Khan, Hashmat
    Metaxoglou, Konstantinos
    Knittel, Christopher R.
    Papineau, Maya
    JOURNAL OF MACROECONOMICS, 2019, 60 : 1 - 19
  • [26] CO2 AND GLACIAL CYCLES
    SALTZMAN, B
    VERBITSKY, M
    NATURE, 1994, 367 (6462) : 419 - 419
  • [27] Study on CO2 expander in CO2 transcritical cycles
    Ma, YT
    Zha, ST
    Li, MX
    CRYOGENICS AND REFRIGERATION - PROCEEDINGS OF ICCR'2003, 2003, : 351 - 354
  • [28] Development of CO2 liquefaction cycles for CO2 sequestration
    Alabdulkarem, Abdullah
    Hwang, Yunho
    Radermacher, Reinhard
    APPLIED THERMAL ENGINEERING, 2012, 33-34 : 144 - 156
  • [29] Business environmental innovation and CO2 emissions: The moderating role of environmental governance
    Albitar, Khaldoon
    Borgi, Hela
    Khan, Muzammal
    Zahra, Anum
    BUSINESS STRATEGY AND THE ENVIRONMENT, 2023, 32 (04) : 1996 - 2007
  • [30] Impact of Renewable Energy, Business Climate, and Human Capital on CO2 Emissions: Empirical Evidence from BRICS Countries
    Sezgin, Funda H.
    Bayar, Yilmaz
    Sart, Gamze
    Danilina, Marina
    ENERGIES, 2024, 17 (15)