Changes in CO2 emissions over business cycle recessions and expansions in the United States: a decomposition analysis

Shahiduzzaman, Md. and Layton, Allan (2015) Changes in CO2 emissions over business cycle recessions and expansions in the United States: a decomposition analysis. Applied Energy, 150. pp. 25-35. ISSN 0306-2619

Abstract

This paper examines the asymmetry of changes in CO2 emissions over business cycle recessions and expansions using yearly data from 1949 and monthly data from 1973 for the United States (US). In addition, decomposition analysis is applied to investigate the relative roles of various proximate contributing factors to observed changes in total and per capita CO2 emissions and emissions intensity, over business cycle phases. The results suggest, inter alia, that aggregate emissions and emissions intensity reduce much faster in contractions than they increase in expansions. In addition, unlike the three previous expansions, in the most recent post-GFC US expansion, emissions per capita have continued to decline, and at a rate very similar to the rate of reduction in preceding contractions. This suggests the real possibility that the most recent contraction may have had an ongoing impact on the path of per capita emissions well beyond the immediate impact experienced during the contraction itself.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: © 2015 Elsevier Ltd. Permanent restricted access to published version due to publisher copyright policy.
Faculty / Department / School: Current - Faculty of Business, Education, Law and Arts - School of Commerce
Date Deposited: 28 Apr 2015 00:06
Last Modified: 30 Jun 2016 01:27
Uncontrolled Keywords: business cycle; CO2 emissions; decomposition analysis
Fields of Research : 14 Economics > 1402 Applied Economics > 140205 Environment and Resource Economics
14 Economics > 1401 Economic Theory > 140104 Microeconomic Theory
14 Economics > 1499 Other Economics > 149902 Ecological Economics
Socio-Economic Objective: B Economic Development > 91 Economic Framework > 9199 Other Economic Framework > 919901 Carbon and Emissions Trading
Identification Number or DOI: 10.1016/j.apenergy.2015.04.007
URI: http://eprints.usq.edu.au/id/eprint/27170

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