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On the stationarity of CO2 emissions in OECD and BRICS countries: A sequential testing approach

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  • Zerbo, Eléazar
  • Darné, Olivier

Abstract

This study examines the (non)-stationary properties of the per capita carbon dioxide emissions of 29 selected OECD countries plus Brazil, China, India and South Africa over the period 1960–2014. Following a sequential testing procedure, we analyze the historical path of the variable regarding the possible presence of abrupt ruptures and then carry out appropriate unit root tests. The results show that the CO2 emissions per capita are better characterised by a random walk for all the different countries. Furthermore, the break dates and the growth rate were estimated as well for each country under study. Finally, we decompose the carbon emissions into a secular (or trend) component and a cyclical component, and propose a chronology of cycles in growth rates.

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  • Zerbo, Eléazar & Darné, Olivier, 2019. "On the stationarity of CO2 emissions in OECD and BRICS countries: A sequential testing approach," Energy Economics, Elsevier, vol. 83(C), pages 319-332.
    • Handle: RePEc:eee:eneeco:v:83:y:2019:i:c:p:319-332
    DOI: 10.1016/j.eneco.2019.07.013
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    6. Awaworyi Churchill, Sefa & Inekwe, John & Ivanovski, Kris & Smyth, Russell, 2020. "Stationarity properties of per capita CO2 emissions in the OECD in the very long-run: A replication and extension analysis," Energy Economics, Elsevier, vol. 90(C).
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    More about this item

    Keywords

    BRICS; Carbon dioxide emissions; Cycles; OECD; Unit root;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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