150 Years of Italian CO2 Emissions and Economic Growth

Annicchiarico BarbaraBennato Anna RitaZanetti Chini Emilio
CEIS Research Series
This paper examines the relationship between economic growth and carbon dioxide emissions in Italy considering the developments in a 150-year time span. Using several statistical techniques, we find that GDP growth and carbon dioxide emissions are strongly interrelated, with a dramatic change of the elasticity of pollutant emissions with respect to output. Our findings highlight lack of structural change in the reduction of the carbon dioxide, suggesting the difficulties for Italy to meet the emissions targets within the Europe 2020 strategy.
Number: 320
Keywords: Carbon Dioxide Emissions, Time Series Analysis, Italian Economy, Environmental Kuznets Curve
JEL codes: Q50, C22
Volume: 12
Issue: 7
Date: Thursday, July 31, 2014
Revision Date: Thursday, July 31, 2014