How Do Carbon Emissions Respond to Economic Shocks? Evidence from Low-, Middle- and High-Income Countries
Muhammad Shahbaz (),
Naceur Khraief () and
MPRA Paper from University Library of Munich, Germany
In this study, we examine the stationarity of CO2 emissions per capita for 98 low-, middle- and high-income countries from 1975 to 2014. To this end, we conduct the nonlinear unit root test developed by Kruse (2011) given that nearly half of the series exhibit nonlinear behaviour over the time period. This empirical evidence provides support for the non-stationarity hypothesis that 50% of CO2 emissions are from middle-income countries. For the robustness check, we use the panel unit root tests described by Carrion-i-Silvestre et al. (2005) and Bai and Carrion-i-Silvestre (2009), which allow for structural breaks and cross-section dependence. The results provide evidence of stationarity for all three income groups.
Keywords: CO2 emissions; Stationary; Global level (search for similar items in EconPapers)
JEL-codes: Q5 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene and nep-env
Date: 2019-05-02, Revised 2019-05-15
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/93976/1/MPRA_paper_93976.pdf original version (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:93976
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().