Eco-efficiency of the world cement industry and innovations: panel causality data analysis
by Filiz Özkan; Ömer Özkan; Amir Koubaa
International Journal of Global Warming (IJGW), Vol. 5, No. 2, 2013

Abstract: Since the cement industry emits large amounts of greenhouse gases into the atmosphere, the sector is recently under scrutiny. This study empirically investigates the co-integration and the causality relationships between the carbon dioxide emissions (CO₂) and the cement industries for the panel comprised of 109 countries using time series data for the period between 1995 and 2008. For the purpose of co-integration, the error correction model (ECM) and panel causality tests were applied in order to determine the aforementioned relation. Cement production was determined to be co-integrated with CO₂ emissions. In the present study, the newly industrialised countries that execute 70% of the world cement production were determined to significantly affect the CO₂ emissions, whereas the effect of advanced developed countries on the emissions were strikingly lower, due to the renewal of their production technologies.

Online publication date: Fri, 28-Feb-2014

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