Greenhouse Emissions and Productivity Growth
Department of Economics, University of Crete, Rethymno 74100, Greece
Department of Economics, University of Cyprus, P.O. Box 20537, Nicosia 1678, Cyprus
Department of Economics and Finance, University of Guelph, Guelph, ON N1G 2W1, Canada
Author to whom correspondence should be addressed.
Received: 4 June 2018 / Revised: 25 June 2018 / Accepted: 3 July 2018 / Published: 9 July 2018
In this paper, we examine the effect of emissions, as measured by carbon dioxide (CO
), on economic growth among a set of OECD countries during the period 1981–1998. We examine the relationship between total factor productivity (TFP) growth and emissions using a semiparametric smooth coefficient model that allow us to directly estimate the output elasticity of emissions. The results indicate that there exists a monotonically-increasing relationship between emissions and TFP growth. The output elasticity of CO
emissions is small with an average sample value of 0.07. In addition, we find an average contribution of CO
emissions to productivity growth of about 0.063 percent for the period 1981–1998.
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MDPI and ACS Style
Kalaitzidakis, P.; Mamuneas, T.P.; Stengos, T. Greenhouse Emissions and Productivity Growth. J. Risk Financial Manag. 2018, 11, 38.
Kalaitzidakis P, Mamuneas TP, Stengos T. Greenhouse Emissions and Productivity Growth. Journal of Risk and Financial Management. 2018; 11(3):38.
Kalaitzidakis, Pantelis; Mamuneas, Theofanis P.; Stengos, Thanasis. 2018. "Greenhouse Emissions and Productivity Growth." J. Risk Financial Manag. 11, no. 3: 38.
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