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標題: Do CO(2) emission levels converge among 21 OECD countries? New evidence from unit root structural break tests
作者: Lee, C.C.
Chang, C.P.
Chen, P.F.
關鍵字: purchasing power parity;oil-price shock;time-series;great crash;hypothesis
Project: Applied Economics Letters
期刊/報告no:: Applied Economics Letters, Volume 15, Issue 7, Page(s) 551-556.
This study empirically re-investigated whether carbon dioxide (CO(2)) emissions series were stationary in 21 OECD countries during the 1960-2000 period. A suite of test statistics were employed, proposed by Sen (2003), with a model that simultaneously allows for a break within the context of Perron's (1989) mixed intercept and slope (Model C). The distinction between this study and previous ones lies in its control for breaks. Compared with the results from traditional unit root tests, the empirical findings provide further evidence that relative per capita CO(2) emissions were stationary and were stochastically converging. In addition, structural breaks are identified in each country, and some important policy implications emerge from the results.
ISSN: 1350-4851
DOI: 10.1080/13504850500426236
Appears in Collections:期刊論文

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