Change-point detection in CO2 emission-energy consumption nexus using a recursive Bayesian estimation approach
Olushina Olawale Awe, Abosede Adedayo Adepoju
This article focuses on the synthesis of conditional dependence structure of recursive Bayesian estimation of dynamic state space models with time-varying parameters using a newly modified recursive Bayesian algorithm. The results of empirical applications to climate data from Nigeria reveals that the relationship between energy consumption and carbon dioxide emission in Nigeria reached the lowest peak in the late 1980s and the highest peak in early 2000. For South Africa, the slope trajectory of the model descended to the lowest in the mid-1990s and attained the highest peak in early 2000. These changepoints can be attributed to the economic growth, regime changes, anthropogenic activities, vehicular emissions, population growth and industrial revolution in these countries. These results have implications on climate change prediction and global warming in both countries, and also shows that recursive Bayesian dynamic model with time-varying parameters is suitable for statistical inference in climate change and policy analysis.
Year of publication: |
2020
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Authors: | Awe, Olushina Olawale ; Adepoju, Abosede Adedayo |
Published in: |
Statistics in transition : an international journal of the Polish Statistical Association. - Warszawa : GUS, ISSN 2450-0291, ZDB-ID 2235641-1. - Vol. 21.2020, 1, p. 123-136
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Subject: | dynamic model | Bayesian inference | CO2 | climate change | energy | Bayes-Statistik | Treibhausgas-Emissionen | Greenhouse gas emissions | Theorie | Theory | Klimawandel | Climate change | Energiekonsum | Energy consumption |
Saved in:
freely available
Type of publication: | Article |
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Type of publication (narrower categories): | Aufsatz in Zeitschrift ; Article in journal |
Language: | English |
Other identifiers: | 10.21307/stattrans-2020-007 [DOI] hdl:10419/236757 [Handle] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012183558
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