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Abstract This paper examines stochastic convergence of national and relative per capita CO2 emissions for a wide range of nations. It demonstrates that nearly all series are mean-reverting once allowance… Click to show full abstract
Abstract This paper examines stochastic convergence of national and relative per capita CO2 emissions for a wide range of nations. It demonstrates that nearly all series are mean-reverting once allowance is made for non-linearity and the presence of serial correlation. The policy implications are far-reaching since the implication is that mitigation can be accomplished only through structural changes that alter the deterministic paths of emissions.
Keywords:
reversion co2;
need structural;
co2 emissions;
co2;
mean reversion;
emissions need
Journal Title: Environmental and Resource Economics
Year Published: 2020
Link to full text (if available)
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Journal Title: Environmental and Resource Economics
Year Published: 2020
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!