Econometric models of climate systems: the equivalence of two-component energy balance models and cointegrated VARs

Climate policy target variables including emissions and concentrations of greenhouse gases, as well as global mean temperatures are non-stationary time series invalidating the use of standard statistical inference procedures. Econometric cointegration analysis can be used to overcome some of these i...

Full description

Bibliographic Details
Main Author: Pretis, F
Format: Working paper
Published: University of Oxford 2015