Testing for Convergence in Carbon Dioxide Emissions Using a Century of Panel Data |
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Authors: | Joakim Westerlund Syed A. Basher |
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Affiliation: | (1) Department of Economics, Lund University, P. O. Box 7082, Lund, 220 07, Sweden;(2) Department of Economics, York University, Toronto, ON, Canada, M3J 1P3 |
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Abstract: | This paper tests the convergence in per-capita carbon dioxide emissions for a collection of developed and developing countries using data spanning the period 1870–2002. For this purpose, three recently developed panel unit root tests that permit for dependence among the individual countries are employed. The results lend strong support in favor of convergence for the panel as a whole. Estimates of the speed of this convergence is also provided. |
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Keywords: | Emissions convergence Panel unit root tests Common factors Half-life |
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