主权货币碳值评估及影响因素研究——以世界31个CO_2主要排放经济体为例

Carbon Value of Sovereign Currency Assessment and Its Influence Factors:Taking the World's 31 Major CO_2 Emissions Economies as An Example

测算并比较了1999-2012年世界31个CO_2主要排放经济体的主权货币碳值。通过构建静态面板模型,实证研究显示,汇率水平、技术进步、人口数量、固定资本形成总额、城镇化水平、森林面积,以及外贸依存度、经济发展水平、股市市值、外汇储备与消费状况,均是影响主权货币碳值水平的重要因素。分经济集团实证估计结果则表明,不同因素对不同经济体的货币碳值影响作用并不一致,存在明显的区域异质性。

This paper estimates and compares the carbon value of sovereign currency,from the year 1999-2012,for the world＇s 31 major CO2 emissions economies.Through the construction of static panel model,the empirical results show that the exchange rate,technological progress,population,fixed capital formation,urbanization level and forest area,as well as foreign trade dependence,GDP total,stock market value,foreign exchange reserves and consumption status,are important factors affecting the carbon value of the economy.The empirical results of the sub economic group showed that,the effect of different factors on the value of high carbon and low carbon economy was not consistent.