Changes in CO2 emissions over business cycle recessions and expansions in the United States: a decomposition analysis
Article
Article Title | Changes in CO2 emissions over business cycle recessions and expansions in the United States: a decomposition analysis |
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ERA Journal ID | 4005 |
Article Category | Article |
Authors | Shahiduzzaman, Md. (Author) and Layton, Allan (Author) |
Journal Title | Applied Energy |
Journal Citation | 150, pp. 25-35 |
Number of Pages | 11 |
Year | 2015 |
Publisher | Elsevier |
Place of Publication | Kidlington, OX. United Kingdom |
ISSN | 0306-2619 |
1872-9118 | |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.apenergy.2015.04.007 |
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. |
Keywords | business cycle; CO2 emissions; decomposition analysis |
ANZSRC Field of Research 2020 | 380105. Environment and resource economics |
380304. Microeconomic theory | |
389902. Ecological economics | |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | Australian Centre for Sustainable Business and Development |
School of Commerce | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q2z14/changes-in-co2-emissions-over-business-cycle-recessions-and-expansions-in-the-united-states-a-decomposition-analysis
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