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Evaluating the efficacy of regulatory and technological innovation on carbon dioxide emissions: An application of structural break analysis

Author

Listed:
  • Jennifer Hafer

    (University of Wisconsin)

  • Logan Kelly

    (University of Wisconsin)

  • Marina Onken

    (University of Wisconsin)

Abstract

Starting as early as the 1950s, regulatory and technological innovations have played a co-causal role in the measurement and control of air pollution. “Technology-forcing†regulations, particularly early regulation in California, pushed the automobile industry to develop technology to mitigate carbon dioxide emissions, but as technology to measure carbon dioxide emissions was developed, more and better regulation was adopted. While the role of regulation in the development of new technology remains a topic of continued political debate, our analysis strongly supports the proposition that regulatory innovation played a significant role in the curtailment of carbon dioxide emissions since 1960.

Suggested Citation

  • Jennifer Hafer & Logan Kelly & Marina Onken, 2018. "Evaluating the efficacy of regulatory and technological innovation on carbon dioxide emissions: An application of structural break analysis," Economics Bulletin, AccessEcon, vol. 38(4), pages 2399-2409.
    • Handle: RePEc:ebl:ecbull:eb-18-00593
    as

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    References listed on IDEAS

    as
    1. Parry, Ian W H & Pizer, William A & Fischer, Carolyn, 2003. "How Large Are the Welfare Gains from Technological Innovation Induced by Environmental Policies?," Journal of Regulatory Economics, Springer, vol. 23(3), pages 237-255, May.
    2. Jushan Bai & Pierre Perron, 1998. "Estimating and Testing Linear Models with Multiple Structural Changes," Econometrica, Econometric Society, vol. 66(1), pages 47-78, January.
    3. David Popp, 2003. "Pollution control innovations and the Clean Air Act of 1990," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 22(4), pages 641-660.
    4. Lee, Chien-Chiang & Chang, Chun-Ping, 2009. "Stochastic convergence of per capita carbon dioxide emissions and multiple structural breaks in OECD countries," Economic Modelling, Elsevier, vol. 26(6), pages 1375-1381, November.
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    More about this item

    Keywords

    Regulatory innovation; technological innovation; regulation evaluation; multiple structural break testing; carbon dioxide emissions; emissions law;
    All these keywords.

    JEL classification:

    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • K2 - Law and Economics - - Regulation and Business Law

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