期刊
ECONOMIC ANALYSIS AND POLICY
卷 65, 期 -, 页码 198-210出版社
ELSEVIER
DOI: 10.1016/j.eap.2020.01.004
关键词
Import product diversification; Renewable energy; Carbon emissions; AMG estimator
类别
资金
- National Social Science Fund of China [16BJY052]
- Zhejiang Provincial Natural Science Foundation, China [LY18G030040, LZ20G010002, LY20G030024]
- Fundamental Research Funds for the Provincial Universities of Zhejiang, China [GB201902002]
This study examines the effect of import product diversification and renewable energy consumption on CO2 emissions across a panel of 35 developed and 93 developing economies. The empirical models utilize an environmental theoretical framework and yearly data for 1995-2014. The study makes use of common correlated effects-specifically mean group (CCE-MG) and augmented mean group (AMG) estimators. The overall results suggest that import product diversification has a substantial negative and positive impact on the carbon emissions of developed and developing economies, respectively. This study also finds that increasing renewable energy consumption helps to meet climate change targets by reducing carbon emissions. Thus, import product diversification and renewable energy could play an indispensable role in reducing carbon emissions in developed economies; while renewable energy is the only factor that assists developing economies meet their emission reduction targets at this stage. (c) 2020 Economic Society of Australia, Queensland. Published by Elsevier B.V. All rights reserved.
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