Club Convergence in Carbon Dioxide Emissions |
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Authors: | Ekaterini Panopoulou Theologos Pantelidis |
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Institution: | 1.Department of Statistics and Insurance Science,University of Piraeus,Piraeus,Greece;2.Department of Economics,National University of Ireland,Maynooth,Ireland;3.Department of Economics,University of Crete,Rethymno,Greece |
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Abstract: | We examine convergence in carbon dioxide emissions among 128 countries for the period 1960–2003 by means of a new methodology
introduced by Phillips and Sul (Econometrica 75(6):1771–1855, 2007a). Contrary to previous studies, our approach allows us
to examine for evidence of club convergence, i.e. identify groups of countries that converge to different equilibria. Our
results suggest convergence in per capita CO2 emissions among all the countries under scrutiny in the early years of our sample. However, there seem to be two separate
convergence clubs in the recent era that converge to different steady states. Interestingly, we also find evidence of transitioning
between the two convergence clubs suggesting either a slow convergence between the two clubs or a tendency for some countries
to move from one convergence club to the other. |
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Keywords: | |
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