CEU Electronic Theses and Dissertations, 2021
| Author | Augusztin, Anna |
|---|---|
| Title | Carbon Curse and the National Oil Companies: an empirical analysis of the conditional carbon curse with respect to the power of National Oil Companies |
| Summary | In this thesis, I estimate the existence of the relationship between oil and gas resource abundance and CO2 emission intensity, the so-called carbon curse. Besides the original carbon curse hypothesis, I expand my model and test for conditional carbon curses with respect to the regulatory and the economic power of the National Oil Companies (NOCs) in a country. I work with country panel datasets across 131 countries from 1980 till 2013 and measure the hypothesis by using the two-way fixed effect model with Driscoll-Kraay standard errors. Results demonstrate that the carbon curse exists, and I find an inverted U-shaped relationship between resource dependency and national CO2 emission intensity. I prove that the carbon curse exists only in countries with regulatory NOCs, but I am not able to provide evidence for the conditional carbon curse, considering the economic NOC power. My findings highlight the importance of incorporating resource dependency to the human-related CO2 mitigation discussion and suggest some evidence that one of the most important oil market actors’, the National Oil Companies’ institutional setting has a key role in the existence of the carbon curse. |
| Supervisor | LaBelle, Michael |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2021/augusztin_anna.pdf |
Visit the CEU Library.
© 2007-2021, Central European University