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ABSTRACT
There is an avid debate concerning the presence of a hiatus in global warming. Recognizing that this phenomenon has considerable economic implications, this study aims to make a threefold contribution to the climate econometrics literature. Firstly, it formulates a testable hypothesis; secondly, it proposes a systematic empirical procedure; thirdly, it performs the Bai–Perron test to detect the starting point of the global warming hiatus. The findings supported the existence of the global warming hiatus.
Acknowledgements
The author is grateful to Professor Jurgen A. Doornik of Oxford University for providing OxEdit free of charge for academic purposes. The data and OxGauss codes for this study are available at: https://sites.google.com/site/fumitakafuruokaswebpage/data-and-oxgauss-codes/paper-15-1.
Disclosure statement
No potential conflict of interest was reported by the author.