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On the stationarity of per capita carbon dioxide emissions over a century

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Abstract

This paper examines the stationarity of carbon dioxide (CO2) emissions per capita for a set of 36 countries covering the period 1870-2006. We employ recently developed unit root and stationarity tests that allow for the mean reverting process to be nonlinear and take into account cross sectional dependence. By grouping countries according to their geographical proximity the importance of cross sectional dependence in panel unit root and stationarity tests is revealed. Using a recently developed nonlinear panel unit root test, we nd strong evidence that the per capita carbon dioxide emissions over the last one hundred and fty years are stationary. Our nonlinear speci cation captures the dynamics of the emissions time series data more e ectively and we obtain evidence supporting stationarity for all country groups under study.

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Bibliographic Info

Paper provided by Department of Economics, University of Macedonia in its series Discussion Paper Series with number 2013_02.

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Date of creation: Dec 2013
Date of revision: Dec 2013
Handle: RePEc:mcd:mcddps:2013_02

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Web page: http://www.uom.gr/index.php?tmima=3

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Keywords: convergence; nonlinear unit roots; panel unit roots; heterogeneous panels; cross-section dependence.;

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