IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-92957-2_10.html
   My bibliography  Save this book chapter

Are Policy Stances Consistent with the Global GHG Emission Persistence?

In: Applications in Energy Finance

Author

Listed:
  • Bikramaditya Ghosh

    (Symbiosis International (Deemed University) (SIU))

  • Spyros Papathanasiou

    (National and Kapodistrian University of Athens, School of Economics and Political Sciences)

  • Vandana Gablani

    (Business Analytics, RV Institute of Management)

Abstract

GHG emission increases the carbon footprint, the presence of greenhouse gases and finally of global warming. This study attempts to investigate the persistence of GHG emissions in 186 countries globally within 25 consecutive years (1990–2014), using three partially overlapping windows. It confirms the possible nature of policy stance on GHG emissions across those nations. We use Long Memory identification through Order of fractional differencing (d) and Hurst Exponent (H) using the ARFIMA process. The study found that all 186 countries within 25 years are exhibiting persistence or long memory in their respective GHG emission data to varying degrees. Of the total number of countries, 172 exhibit weak stationarity and thus a random policy shock would assist the policymakers. On the other hand, about 14 countries, mostly from the former USSR region showed that strong stationarity requires a firm policy stance. Furthermore, as the observations triple, the intensity of long memory diminishes by over 60%. This study would assist the policymakers on choosing a permanent/transitory policy for their respective countries in terms of productivity, income inequality and added-value in several sectors.

Suggested Citation

  • Bikramaditya Ghosh & Spyros Papathanasiou & Vandana Gablani, 2022. "Are Policy Stances Consistent with the Global GHG Emission Persistence?," Springer Books, in: Christos Floros & Ioannis Chatziantoniou (ed.), Applications in Energy Finance, chapter 0, pages 255-279, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-92957-2_10
    DOI: 10.1007/978-3-030-92957-2_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-92957-2_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.