What do the data tell us about
Posted: Thu Feb 06, 2025 9:46 am
Vanessa SmithWhether through lack of data availability or the onset of a global pandemic, sometimes research can take an unexpected turn as Doctor Vanessa Smith explains.
My colleagues Nori Tarui, Takashi Yamagata and I set out originally to explore the EU emissions trading system but discovered that the data we had hoped to find wasn’t available to us.
Around the same time, Covid-19 spread across hong kong rcs data the globe. The virus brought lockdowns and a massive reduction in economic activity – with the shock to the global economy predicted by the International Monetary Fund in their World Economic Outlook, published in April 2020, to be both faster and more severe than during either the 2008 financial crisis or the Great Depression.
We began to wonder what effect the pandemic might have on global consumption of fossil fuels and CO2 emissions.
Our approach
When investigating the relationship between energy consumption and growth, many studies employ a single country analysis, adopting vector autoregressive models and vector error correction models, due to the relatively small number of observations (annual data since 1960).
My colleagues Nori Tarui, Takashi Yamagata and I set out originally to explore the EU emissions trading system but discovered that the data we had hoped to find wasn’t available to us.
Around the same time, Covid-19 spread across hong kong rcs data the globe. The virus brought lockdowns and a massive reduction in economic activity – with the shock to the global economy predicted by the International Monetary Fund in their World Economic Outlook, published in April 2020, to be both faster and more severe than during either the 2008 financial crisis or the Great Depression.
We began to wonder what effect the pandemic might have on global consumption of fossil fuels and CO2 emissions.
Our approach
When investigating the relationship between energy consumption and growth, many studies employ a single country analysis, adopting vector autoregressive models and vector error correction models, due to the relatively small number of observations (annual data since 1960).