ECONOMIC GROWTH AND CO2 EMISSIONS IN EMERGING MARKETS: A PANEL DATA ANALYSIS
YÜKSELEN PİYASA EKONOMİLERİNDE EKONOMİK BÜYÜME ve CO2 SALINIMI İLİŞKİSİ: PANEL VERİ EKONOMETRİSİNE DAYALI BİR ANALİZ

Author : Önder BÜBERKÖKÜ -- Celal KIZILDERE
Number of pages : 231-252

Abstract

This paper examines the CO2 emissions–GDP relationship for 17 emerging markets. The Bai and Perron (1998, 2003) test is employed to investigate which series show multiple structural breaks. Further, the Carrion-i Silvestre et al. (2005) panel unit root test is used to determine the integration order of the series. The long-run relationship is then examined by using the Westerlund (2006) panel cointegration test with multiple structural breaks. The causality relationship is examined with the Emirmahmutoğlu ve Köse (2011) panel causality test. Pesaran’s (2008) CCMEG and Eberhart and Teal’s (2010) AUG estimators are then employed to estimate the long-run parameters. Results show that most of the emerging markets can reduce CO2 emissions without harming their economic development

Keywords

Emerging markets, Global warming, Structural breaks, Cross-sectional dependency, Panel cointegration

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