Abstract
This paper examines the convergence of carbon dioxide (CO2) emissions in OECD countries. Specifically, we are interested in examining to what extent the per capita emissions of different countries tend to draw closer over time. This issue is important since this question is associated with fairness regarding the distribution of per capita emissions. In this context, we examine the stochastic convergence of per capita carbon dioxide emissions for 30 OECD countries from 1960 to 2018. We adopt a newly developed test by Payne et al. (2022), which allows for two structural breaks and cross-correlations in a factor structure. Our results accounting for breaks and factors jointly show that per capita CO2 emissions do not converge, implying that the differences in CO2 emissions exist and are persistent.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
