Time Trends and Persistence in the Global CO2 Emissions Across Europe

Time Trends and Persistence in the Global CO2 Emissions Across Europe Environ Resource Econ https://doi.org/10.1007/s10640-018-0257-5 Time Trends and Persistence in the Global CO Emissions Across Europe 1 1 Luis A. Gil-Alana · Tommaso Trani Accepted: 17 May 2018 © Springer Science+Business Media B.V., part of Springer Nature 2018 Abstract We analyze the evolution across time of CO emissions in the European Union (EU) using advanced econometric techniques in time series analysis. We estimate the time trends along with the orders of integration of series corresponding to global CO emissions in EU member states using both parametric and semiparametric methods. The results show that there is a significantly negative trend only in the case of the UK, this being also a country where the trend shows mean reversion. At the other extreme, Spain, Italy, Greece and Bulgaria are some of the countries where CO emissions show positive trends and orders of integration that are substantially above unity. Moreover, we examine the CO emissions of the EU as a whole, China and the US, finding some support for mean reversion only in the second case. Therefore, there is less urgent need for policy reforms in the U.K. and somehow China than in the rest of the EU or the US. Keywords CO http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Environmental and Resource Economics Springer Journals

Time Trends and Persistence in the Global CO2 Emissions Across Europe

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Publisher
Springer Journals
Copyright
Copyright © 2018 by Springer Science+Business Media B.V., part of Springer Nature
Subject
Economics; Environmental Economics; Environmental Law/Policy/Ecojustice; Political Economy/Economic Policy; Economics, general; Environmental Management
ISSN
0924-6460
eISSN
1573-1502
D.O.I.
10.1007/s10640-018-0257-5
Publisher site
See Article on Publisher Site

Abstract

Environ Resource Econ https://doi.org/10.1007/s10640-018-0257-5 Time Trends and Persistence in the Global CO Emissions Across Europe 1 1 Luis A. Gil-Alana · Tommaso Trani Accepted: 17 May 2018 © Springer Science+Business Media B.V., part of Springer Nature 2018 Abstract We analyze the evolution across time of CO emissions in the European Union (EU) using advanced econometric techniques in time series analysis. We estimate the time trends along with the orders of integration of series corresponding to global CO emissions in EU member states using both parametric and semiparametric methods. The results show that there is a significantly negative trend only in the case of the UK, this being also a country where the trend shows mean reversion. At the other extreme, Spain, Italy, Greece and Bulgaria are some of the countries where CO emissions show positive trends and orders of integration that are substantially above unity. Moreover, we examine the CO emissions of the EU as a whole, China and the US, finding some support for mean reversion only in the second case. Therefore, there is less urgent need for policy reforms in the U.K. and somehow China than in the rest of the EU or the US. Keywords CO

Journal

Environmental and Resource EconomicsSpringer Journals

Published: Jun 2, 2018

References

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