Unbiasing the estimate of the role of income in carbon footprint of households: analysis of the Spanish case as a pilot study

Although the estimation of the elasticity of the household carbon footprint and income is a frequently analysed fact, unfortunately a fundamental aspect of this relationship has not been considered: it is not a constant factor for the whole population. To make an adequate estimate of this relationsh...

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Detalles Bibliográficos
Autores: Arce Borda, Rafael de, Mahía Casado, Ramón
Tipo de recurso: artículo
Fecha de publicación:2023
País:España
Institución:Universidad Autónoma de Madrid
Repositorio:Biblos-e Archivo. Repositorio Institucional de la UAM
Idioma:inglés
OAI Identifier:oai:repositorio.uam.es:10486/708619
Acceso en línea:http://hdl.handle.net/10486/708619
https://dx.doi.org/10.1016/j.heliyon.2023.e16394
Access Level:acceso abierto
Palabra clave:Carbon emissions reduction
Carbon footprint income elasticity
Determinants of carbon footprint
Quantile regression
Economía
Descripción
Sumario:Although the estimation of the elasticity of the household carbon footprint and income is a frequently analysed fact, unfortunately a fundamental aspect of this relationship has not been considered: it is not a constant factor for the whole population. To make an adequate estimate of this relationship, a Quantile Regression is proposed, obtaining significantly different results to those derived from the usual estimations using ordinary least squares (OLS), which have been carried out up to now. This fact is fundamental for the correct planning and evaluation of fiscal policies based on income taxation to reduce the carbon footprint. Our results confirm that the OLS estimation would overestimate the effects of income on CO2 reduction by 26%