Questioning the empirical basis of the environmental Kuznets curve for CO2 New evidence from a panel stationarity test robust to multiple breaks and cross-dependence》.pdfVIP
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Questioning the empirical basis of the environmental Kuznets curve for CO2 New evidence from a panel stationarity test robust to multiple breaks and cross-dependence》.pdf
E C O L O G I C A L E C O N O M I C S 6 4 ( 2 0 0 8 ) 5 5 9 – 5 7 4
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ANALYSIS
Questioning the empirical basis of the environmental Kuznets
curve for CO2: New evidence from a panel stationarity test
robust to multiple breaks and cross-dependence
Diego Romero-Ávila⁎
Pablo de Olavide University, Department of Economics, Carretera de Utrera, Km. 1, 41013 Seville, Spain
A R T I C L E I N F O A B S T R A C T
Article history: This paper investigates the time series properties of per capita CO2 emissions and per capita
Received 23 October 2006 GDP levels for a sample of 86 countries over the period 1960–2000. For that purpose, we
Received in revised form employ a state-of-the-art panel stationarity test which incorporates multiple shifts in level
7 February 2007 and slope, thereby controlling for cross-sectional dependence through bootstrap methods.
Accepted 11 March 2007 Our analysis renders clear-cut evidence that per capita GDP levels are nonstationary for the
Available online 2 May 2007 world as a whole while per capita CO2 is found to be regime-wise trend stationary. The
analysis of country-groups shows that for Africa and Asia, per capita CO2 is best described as
Keywords: nonstationary, while per capita GDP appears stationary around a broken trend. In addition,
Panel Stationarity Test
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