Front Matter Page
Research Department
Contents
1. Introduction
2. Literature Review
3. Data and Framework
3.1 Data
3.2 Econometric framework
4. Results
4.1 Cyclical and trend elasticities
4.2 Determinants of cross-country differences
4.3 Changes in trend elasticities over time
5. Conclusions
References
List of Figures
1a: Response of emissions growth to output growth, top 20 emitters
1b: Italy’s case: time profile of real GDP growth and emissions growth, 1990-2014
2: Trends and Cycles in Emissions and Output—Selected Countries, 1990-2014
3: Comparison of Trends in Production-Based and Consumption-Based Emissions, 1990-2014
4: Cyclical Relationship between Production-Based Emissions and Output
5: Trend Relationship between Production-Based Emissions and Output
6a: Comparison of Production-Based and Consumption-Based Trend Elasticities
6b: Difference between Production-Based and Consumption-Based Trend Elasticities
7: Average Trend Elasticities for Advanced Economies and Emerging Markets, Production vs Consumption-based emissions
8: Trend Elasticities and Per Capita GDP
9: Trend Elasticities and Sectoral Value-Added Composition
10: Trend Elasticities and Climate-related Policy Indices
List of Tables
1: Summary Statistics
2: Trend and Cyclical Elasticities for CO2 Emissions
3: Trend Elasticities for CO2 Emissions