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Time-Varying Income Elasticity of CO2 emission Using Non-Linear Cointegration

비선형 공적분모형을 이용한 이산화탄소 배출량의 소득탄력성 추정

  • Lee, Sungro (Center for Gas and Economics & Management, Korea Gas Corporation) ;
  • Kim, Hyo-Sun (Center for Gas and Economics & Management, Korea Gas Corporation)
  • 이성로 (한국가스공사 경영연구소) ;
  • 김효선 (한국가스공사 경영연구소)
  • Received : 2014.08.04
  • Accepted : 2014.08.26
  • Published : 2014.09.30

Abstract

This paper intends to test the non-linear relationship between $CO_2$ emissions and income by employing cointegration model of the time-varying income elasticity. We select France, UK, Italy, Japan, US, China, India, Mexico and Korea and use non-parametric time series analysis on each country in order to estimate its own effect of income on $CO_2$ emission. The main results indicate that the $CO_2$ emission-income elasticities vary over time and the income elasticities of the Annex I countries tend to be higher in absolute terms than those of developing countries. In addition, we find that emission-income elasticities decrease for Annex I countries over time, whereas those for developing countries increase.

본 논문은 이산화탄소 배출량과 소득과의 비선형적인 관계를 시간변동계수를 갖는 공적분모형으로 추정하였다. 특히 이산탄소배출량의 소득효과를 시간에 따라 서서히 변하는 것으로 모형화하였고, 이를 비모수적 방법을 이용하여 추정하였다. 추정결과 선진국의 경우 소득탄력성이 시간에 대해 감소하는 것으로 추정된 반면에 개발도상국의 소득탄력성은 시간에 따라 점차 증가하는 것으로 추정되었다. 이 같은 결과는 경제 발전단계에 따라 소득이 이산화탄소 배출량에 미치는 영향이 다르다는 환경쿠즈네츠곡선에서 의미하는 것과 일치하는 결과이고, 또한 기후변화협약과 교토의정서 상에서 의무준수 대상국(Annex I)과 Non-Annex I 국가 구분이 필요하다는 것을 반증한다. 이러한 차이는 선진국에 비하여 개도국의 경우 소득에 따른 이산화탄소 배출이 상대적으로 더욱 가속화될 수 있음을 의미하며, 이는 기후변화협약 상에서 개도국에 대한 기술이전 및 재정지원이 지속적으로 필요하다는 것에 대한 근거로 활용될 수 있다.

Keywords

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