Auffhammer, Maximilian; Steinhauser, Ralf - In: The Review of Economics and Statistics 94 (2012) 1, pp. 172-185
We compare the most common reduced-form models used for emissions forecasting, point out shortcomings, and suggest improvements. Using a U.S. state-level panel data set of CO_2 emissions, we test the performance of existing models against a large universe of potential reduced-form models. We...