BUSCADOR RECOLECTA

RUA. Repositorio Institucional de la Universidad de Alicante

oai:rua.ua.es:10045/124816

The main purpose of this paper is to analyze the contribution of land capital to the growth of emissions and income per capita in the long run. We collect new satellite data from the Earth Observatory to obtain estimates of the Enhanced Vegetation Index at the country level for the period 2000–2015. We use these data and the World Bank wealth estimates of natural capital to calibrate and empirically test an extension of the Green Solow model with land degradation and land capital investment. We show that the model is consistent with the cross-country variation in growth rates of carbon emissions per capita and find that there is convergence at the global level, with the contribution of land capital investment to the growth of emissions being negative and significant in all specifications., We gratefully acknowledge partial financial support from the Spanish government and FEDER funds under projects PGC2018-093542-B-I00, PID2019-111208GB-I00, and PID2019-107161GB-C33, from the Generalitat Valenciana under AICO/2019/295, and from the Fundação para a Ciência e Tecnologia under the Project UIDB/04007/2020. Open Access funding provided by the Public University of Navarre.