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On the Stationarity of per Capita Carbon Dioxide Emissions over a Century

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  • Maria Christidou

    (University of Macedonia, Greece)

  • Theodore Panagiotidis

    (University of Macedonia, Greece)

  • Abhijit Sharma

    (School of Management, University of Bradford, UK)

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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Paper provided by The Rimini Centre for Economic Analysis in its series Working Paper Series with number 48_13.

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Date of creation: Aug 2013
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Handle: RePEc:rim:rimwps:48_13

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

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