Footnote:
In: Energy Economics, Vol. 65, pp. 183-193, 2017
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 18, 2017 erstellt
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Description:
Using a long dataset and some recently popularized nonparametric econometric techniques, this study revisits the nexus between economic growth and carbon dioxide (CO<sub>2</sub>) emissions for the G7 countries over nearly two centuries. The use of nonparametric modelling is warranted by the fact that long historical time series are often subject to structural breaks and other forms of nonlinearity over the course of time. We employ nonparametric cointegration and causality tests along with the cross-validated Local Linear regression analysis and validate the existence of the environmental Kuznets curve in six of the G7 countries – Canada, France, Germany, Italy, U.K. and the U.S. – and the only exception is Japan. Our empirical analysis also finds CO<sub>2</sub> emissions and economic growth to be cointegrated and closely interrelated in the Granger sense. Our results are robust and highlight the nonlinear causal relationship between the two variables