Club Convergence and Clustering of U.S. Energy-Related CO2 Emissions
| dc.creator | Burnett, J. Wesley | |
| dc.date | 2017-04-01T13:51:29Z | |
| dc.date.accessioned | 2026-07-09T07:07:27Z | |
| dc.description | This study examines the convergence of energy-related carbon dioxide emissions among a panel of U.S. states between the period 1960-2009. This examination is carried out by means of a two-stage procedure. In the first stage, we conduct a novel regression-based convergence test. Unlike previous studies, this methodology endogenously identifies groups of states with emissions that are converging to a similar steady state growth path over time. In the second stage, we evaluate the rate of convergence (beta-convergence) for the whole sample and for each club based on a panel data, fixed effects model which controls for unobserved, time-invariant heterogeneous effects. More specifically, we examine how structural and non-structural variables affect the rates of convergence. Results from stage one and stage two suggest that two groups of states are converging to similar, relative growth paths: a high-emitting group and a medium-emitting group. Finally, we discuss a differentiated policy approach to mitigating carbon dioxide emissions based on the club convergence hypothesis. | |
| dc.identifier | doi:10.22004/ag.econ.149578 | |
| dc.identifier | https://ageconsearch.umn.edu/record/149578/files/Burnett_AAEA_DC_2013.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/149578 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/584770 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/149578 | |
| dc.title | Club Convergence and Clustering of U.S. Energy-Related CO2 Emissions | |
| dc.type | Text |