Paruolo, Paolo; Murphy, Ben; Janssens-Maenhout, Greet - Facoltà di Economia, Università degli Studi dell'Insubria - 2011
This paper uses Vector Autoregressions that allow for nonstationarity and cointegration to investigate the dynamic relation between income and emissions in the period 1970-2008, for all world countries. We consider three emissions compounds, namely CO2, SO2 and a composite global warming index...