A Literature Survey of Green and Low-Carbon Economics Using Natural Experiment Approaches in Top Field Journal
Journal Title: Green and Low-Carbon Economy - Year 2023, Vol 1, Issue 1
Abstract
The last 20 years or so have witnessed the academic torrent of natural experiments in environmental and climate change economics, and we have attempted to document this particular and important branch of economics. This paper reviews theoretical and empirical research in this branch using natural experiment approaches in field-top journals, including economic and scientific journals. We have organized and categorized the related papers into five major dimensions: content, identification strategies, regions, data, and theoretical models and channels. Statistics have found that causal inference and channel analysis on environmental externalities and related governance have endured for 20 years. Until about 10 years ago, a major shift towards diversification of research was taking place, with energy and low-carbon development themes making their way into these journals on the one hand, and developing countries, led by China, attracting attention because of their political systems and other factors. Identification strategies have also become more rigorous, as reflected in the identification concerns (e.g., omitted variables, selection, and reverse causation). Lastly, we also observe that the deep exploration of internal mechanisms and the availability of all types of data have dramatically impacted the traditional paradigm of economics.
Authors and Affiliations
Zhiyang Wu, Yu Zhao, Ning Zhang
Keywords
Related Articles
- EP ID EP719774
- DOI 10.47852/bonviewGLCE3202827
- Views 60
- Downloads 0
New Trends in Sustainable Development for Industry 5.0: Digital Green Innovation Economy
In the context of increasing anti-globalization trends, sustainable economic development has become an inevitable and feasible solution to address the growing contradictions between social, environmental, and economic fa...
The Climate Policy of the Member States of the Eurasian Economic Union: Synchronizing with the Global Climate Change Agenda
The paper deals with the climate agenda in the Eurasian Economic Union. Particularly, it analyzes the current stage of implementation of green finance principles in the member states of the EAEU. In the article, the auth...
Carbon Farming: Nature-Based Solutions in Brazil
Agriculture can breach the emission gap between countries' and companies' declared goals and actual achievements related to carbon neutrality. But to do so, techniques must change from the monocultural to more integrated...
Environmental Quality, Energy Consumption and Economic Growth: Evidence from Selected African Countries
This study examines the nexus between environmental quality, energy consumption and growth performance between 1981 and 2019 in selected African Countries. The study adopts the Co-integration analytical technique based o...
Intergenerational Fairness and Climate Change Adaptation Policy: An Economic Analysis
Compared to existing needs, climate change adaptation policies are significantly deficient. Since many adaptation measures have the feature of a local public good, and since benefits accrue to later generations mainly,...