Ye, Zhen (Peter);
Yite, Zhu;
Ji, Xi;
Meng, Jing;
(2023)
The Triplet Link of Carbon Emission, Economic Development, and Income Inequality: A Global Panel Model Perspective.
SSRN: Amsterdam, The Netherlands.
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Abstract
The paper analyzes a triplet link between carbon emission, economic development, and income inequality. Carbon neutrality, or even reductions, have often been viewed as costly economic endeavor, and carbon inequality is known for having a link with income inequality. Through a global panel data set, we show that carbon emission can be reduced without slowing down economic development or increasing inequality. More specifically, we find that carbon emissions are likely to decline in economies that are widely diversified in terms of production and exports, and that have achieved more equal income distribution. The finding might prove relevant for policymakers who need to tackle multiple challenges – development, sustainability, and inequality – in a simultaneous way, in both developed and emerging economies.
| Type: | Working / discussion paper |
|---|---|
| Title: | The Triplet Link of Carbon Emission, Economic Development, and Income Inequality: A Global Panel Model Perspective |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://dx.doi.org/10.2139/ssrn.4395345 |
| Language: | English |
| Additional information: | This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Carbon neutrality; Economic complexity; Income inequality; Veblen effect; Pareto improvement |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10190487 |
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