Productivity growth with carbon emissions constraint and their determinants

In this paper we examine levels and trends in conventional and regulation on CO2 emissions sensitive productivity over the period 1995 to 2007. Firstly, we estimate and compare two type TFP index from regulations on CO2 emissions to no regulations over current levels. And test the difference of TFP in two kinds of conditions. The major conclusions are as follows: With accounting for convention, sensitive productivity growth for 28 regions on average is slightly higher than that of regulations on CO2, and efficiency change is the main source. The paper also studies the impact of GDP per capita, technical in efficiency, capital labor ratio, the energy intensity and openness on conventional and regulation on CO2 emissions sensitive measures of productivity.