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temperature. Visually, there is a clear upward trend in both data. Time series analyses suggest that CO2 is difference …-stationary and temperature is trend-stationary. Thus, the moments (mean, variance, etc.) of the data in levels are functions of time … (and all greenhouse gases) are significantly smaller than the variance of temperature, hence they cannot explain the …
Persistent link: https://www.econbiz.de/10013193782
We study the stability of estimated linear statistical relations of global mean temperature and global mean sea level … periods 1880-2001 and 1880-2013. We find that temperature and sea level updates and revisions have a substantial influence …
Persistent link: https://www.econbiz.de/10012312107
We develop a new targeted maximum likelihood estimation method that provides improved forecasting for misspecified linear autoregressive models. The method weighs data points in the observed sample and is useful in the presence of data generating processes featuring structural breaks, complex...
Persistent link: https://www.econbiz.de/10012416341
This study investigates changes in the relationship between oil prices and the US economy from a long-term perspective. Although neither of the two series (oil price and GDP growth rates) presents structural breaks in mean, we identify different volatility periods in both of them, separately....
Persistent link: https://www.econbiz.de/10011649469
Seasonal patterns in economic time series are generally examined from a univariate point of view. Using extensions of the unit root literature, important classes of seasonal processes are deterministic, stationary stochastic or mean reverting, and unit root stochastic. Time series tests have...
Persistent link: https://www.econbiz.de/10014029581
Persistent link: https://www.econbiz.de/10010345882
We analyze the influence of climate change on soybean yields in a multivariate time-series framework for a major soybean producer and exporter-Argentina. Long-run relationships are found in partial systems involving climatic, technological, and economic factors. Automatic model selection...
Persistent link: https://www.econbiz.de/10012547448
A situation is analysed in which two countries negotiate the financing of the incremental costs which accrue if one of them switches from a non-sustainable onto a sustainable development path. The other country's incentive to pay arises as it benefits from the developing country's environmental...
Persistent link: https://www.econbiz.de/10009708580
When confronted with market weaknesses and failures determining sustainability problems for environmental common-pool resources, economic analysis has proposed government intervention as the only alternative available. Elinor Ostrom showed that this dichotomy between market and government is not...
Persistent link: https://www.econbiz.de/10010223360
the environment. This necessitates the development and use of models capable of tracing the main interactions, links and …
Persistent link: https://www.econbiz.de/10013019356