Convergence behavior of carbon dioxide emissions in China |
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| Institution: | 1. Department of Public Economics, School of Economics, Xiamen University, China;2. Institute for Quantitative Economics, Huaqiao University, China;1. Department of Economics, University of Birmingham, United Kingdom;2. Instituto de Economía Internacional, University Jaume I, Spain;3. UPAEP, Mexico;1. Department of Economics, University of Tabriz, 29 Bahman Bolv, Tabriz, Iran;2. Economics Department, Carleton University, Loeb Building, 1125 Colonel By Drive, Ottawa, ON K1S 5B6, Canada;3. Centre for Monetary and Financial Economics (CMFE), Carleton University, Ottawa, ON K1S 5B6, Canada |
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| Abstract: | In view of global warming, the concept of a low carbon world economy has been brought to center stage. In this paper, a systematical empirical investigation of the convergence behavior of carbon dioxide emissions in China is conducted based on provincial data for the period of 1995–2011. Using the log t test developed by Phillips and Sul (2007), evident divergence at the country level and convergence to three steady state equilibriums at provincial level was identified. Furthermore, estimates from the ordered logit model uncover important determinants underlying the formation of clubs, including the per capita GDP, energy consumption structure, energy intensity, and initial levels of economic development. The results from this study contribute to a more in-depth understanding of the carbon dioxide emissions status quo in China and serves as reference when launching region-based emissions mitigation policies. |
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