Melenberg, Bertrand; Vollebergh, H.R.J.; Dijkgraaf, E. - Tilburg University, Center for Economic Research - 2005
We explore the emissions income relationship for CO2 in OECD countries using various modelling strategies.Even for this relatively homogeneous sample, we find that the inverted-U-shaped curve is quite sensitive to the degree of heterogeneity included in the panel estimations.This finding is...