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The Environmental Kuznets Curve and Sustainability: A Panel Data Analysis

Farhani, Sahbi; Mrizak, Sana; Chaibi, Anissa; Rault, … - CESifo - 2014

In recent years, sustainability has represented one of the most important policy goals explored in the environmental Kuznets curve (EKC) literature. But related hypotheses, performance measures and results continue to present a challenge. The present paper contributes to this ongoing literature...

Persistent link: https://www.econbiz.de/10010765493

Energy Consumption and Economic Growth Revisited in African Countries

Eggoh, Jude C.; Bangaké, Chrysost; Rault, Christophe - CESifo - 2011

The aim of this paper is to provide new empirical evidence on the relationship between energy consumption and economic growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality tests. The countries are divided into two groups:...

Persistent link: https://www.econbiz.de/10009320785

Oil Price Uncertainty and Sectoral Stock Returns in China: A Time-Varying Approach

Caporale, Guglielmo Maria; Ali, Faek Menla; Spagnolo, Nicola - CESifo - 2014

This paper investigates the time-varying impact of oil price uncertainty on stock prices in China using weekly data on ten sectoral indices over the period January 1997-Febraury 2014. The estimation of a bivariate VAR-GARCH-in-mean model suggests that oil price volatility affects stock returns...

Persistent link: https://www.econbiz.de/10010877768

Long Memory in US Real Output per Capita

Caporale, Guglielmo Maria; Gil-Alana, Luis A. - CESifo - 2009

This paper analyses the long memory properties of quarterly real output per capita in the US (1948Q1 – 2008Q3) using non-parametric, semi-parametric and parametric techniques. The results vary substantially depending on the methodology employed. Evidence of mean reversion is obtained in a...

Persistent link: https://www.econbiz.de/10004979424

Testing for Output Convergence: A Re-Examination

Cheung, Yin-Wong; Pascual, Antonio I. Garcia - CESifo - 2000

This paper investigates output convergence for the G7 countries using multivariate time series techniques. We consider … both the null hypotheses of no convergence and convergence. It is shown that inferences on output convergence depend on … which one of the two null hypotheses is considered. Further, the no convergence results reported in previous studies using …

Persistent link: https://www.econbiz.de/10005181495

Evaluating Emission Trading as a Policy Tool - Evidence from Conditional Jump Models

Gronwald, Marc; Ketterer, Janina - CESifo - 2009

This paper, first, empirically investigates European emission allowance (EUA) prices and, second, evaluates emission trading as a policy measure. Applying combined jump GARCH models yields strong evidence of conditional jump behavior. This implies that EUA prices are subject to unexpected...

Persistent link: https://www.econbiz.de/10004979418

Green Havens and Pollution Havens

Poelhekke, Steven; Ploeg, Frederick Van der - CESifo - 2012

We test for pollution haven effects in outward foreign direct investment (FDI) for different sectors using a comprehensive and exhaustive dataset for outward FDI from the Netherlands, one of the most environmentally stringent countries and a major source of global FDI. Our evidence suggests that...

Persistent link: https://www.econbiz.de/10011264743

Determining the Success of Carbon Capture and Storage Projects

Thronicker, Dominique; Lange, Ian A. - CESifo - 2015

Carbon Capture and Storage (CCS) is regarded as one of the most important technologies to mitigate climate change while providing fossil-fuel based energy security. During the past decade, projects in support of the development and deployment of the technology have been initiated across the...

Persistent link: https://www.econbiz.de/10011124893

Do Stringent Environmental Policies Deter FDI? M&A versus Greenfield

Bialek, Sylwia; Weichenrieder, Alfons - CESifo - 2015

This study examines how environmental stringency affects the location decision of foreigndirect investments. We analyze a firm-level data set on German outbound FDI and innovate onprevious studies by controlling for the mode of entry and applying the mixed-logit analysis. Theresults show that...

Persistent link: https://www.econbiz.de/10011205378

Oil Trade and Climate Policy

Curuk, Malik; Sen, Suphi - CESifo - 2015

It has been argued that a depletable resource owner might optimally increase near-term supply in response to environmental policies promoting the development of alternative resources, which might render climate policy ineffective or even counterproductive. This paper empirically confirms this...

Persistent link: https://www.econbiz.de/10011212075