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An econometric analysis of global warming hiatus

Fumitaka Furuoka

Applied Economics Letters, 2017, vol. 24, issue 17, 1241-1246

Abstract: There is an avid debate concerning the presence of a hiatus in global warming. Recognizing that this phenomenon has considerable economic implications, this study aims to make a threefold contribution to the climate econometrics literature. Firstly, it formulates a testable hypothesis; secondly, it proposes a systematic empirical procedure; thirdly, it performs the Bai–Perron test to detect the starting point of the global warming hiatus. The findings supported the existence of the global warming hiatus.

Date: 2017
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DOI: 10.1080/13504851.2016.1270400

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