Business & Economics
; Energy & Fuels
; Environmental Sciences & Ecology
英文摘要:
In this paper, we empirically assess by means of the local projection method, the impact of different types of financial crises on a variety of pollutant emissions categories for a sample of 86 countries between 1980 and 2012. We find that financial crises in general lead to a fall in CO2 and methane emissions. When hit by a debt crisis, a country experiences a rise in emissions stemming from either energy related activities or industrial processes. During periods of slack, financial crises in general had a positive impact on both methane and nitrous oxide emissions. If a financial crisis hit an economy when it was engaging in contractionary fiscal policies, this led to a negative response of CO2 and production-based emissions.
1.Nova Sch Business & Econ, Ctr Globalizat & Governance, Campus Campolide, P-1099032 Lisbon, Portugal 2.ISEG, Res Unit Complex & Econ, UECE, Rua Miguel Lupi 20, P-1249078 Lisbon, Portugal
Recommended Citation:
Jalles, Joao Tovar. Crises and emissions: New empirical evidence from a large sample[J]. ENERGY POLICY,2019-01-01,129:880-895