Comment on "Polynomial cointegration tests of anthropogenic impact on global warming" by Beenstock et al. (2012) – some hazards in econometric modelling of climate change
We outline six important hazards that can be encountered in econometric modelling of time-series data, and apply that analysis to demonstrate errors in the empirical modelling of climate data in Beenstock et al. (2012). We show that the claim made in Beenstock et al. (2012) as to the different degre...
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| Format: | Article |
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Copernicus Publications
2013-10-01
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| Series: | Earth System Dynamics |
| Online Access: | http://www.earth-syst-dynam.net/4/375/2013/esd-4-375-2013.pdf |
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doaj-a2e36adffabb49cea76e7563cceaa13c2020-11-24T23:54:02ZengCopernicus PublicationsEarth System Dynamics2190-49792190-49872013-10-014237538410.5194/esd-4-375-2013Comment on "Polynomial cointegration tests of anthropogenic impact on global warming" by Beenstock et al. (2012) – some hazards in econometric modelling of climate changeF. Pretis0D. F. Hendry1Department of Economics, and Institute for New Economic Thinking at the Oxford Martin School, University of Oxford, Oxford, UKDepartment of Economics, and Institute for New Economic Thinking at the Oxford Martin School, University of Oxford, Oxford, UKWe outline six important hazards that can be encountered in econometric modelling of time-series data, and apply that analysis to demonstrate errors in the empirical modelling of climate data in Beenstock et al. (2012). We show that the claim made in Beenstock et al. (2012) as to the different degrees of integrability of CO<sub>2</sub> and temperature is incorrect. In particular, the level of integration is not constant and not intrinsic to the process. Further, we illustrate that the measure of anthropogenic forcing in Beenstock et al. (2012), a constructed "anthropogenic anomaly", is not appropriate regardless of the time-series properties of the data.http://www.earth-syst-dynam.net/4/375/2013/esd-4-375-2013.pdf |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
F. Pretis D. F. Hendry |
| spellingShingle |
F. Pretis D. F. Hendry Comment on "Polynomial cointegration tests of anthropogenic impact on global warming" by Beenstock et al. (2012) – some hazards in econometric modelling of climate change Earth System Dynamics |
| author_facet |
F. Pretis D. F. Hendry |
| author_sort |
F. Pretis |
| title |
Comment on "Polynomial cointegration tests of anthropogenic impact on global warming" by Beenstock et al. (2012) – some hazards in econometric modelling of climate change |
| title_short |
Comment on "Polynomial cointegration tests of anthropogenic impact on global warming" by Beenstock et al. (2012) – some hazards in econometric modelling of climate change |
| title_full |
Comment on "Polynomial cointegration tests of anthropogenic impact on global warming" by Beenstock et al. (2012) – some hazards in econometric modelling of climate change |
| title_fullStr |
Comment on "Polynomial cointegration tests of anthropogenic impact on global warming" by Beenstock et al. (2012) – some hazards in econometric modelling of climate change |
| title_full_unstemmed |
Comment on "Polynomial cointegration tests of anthropogenic impact on global warming" by Beenstock et al. (2012) – some hazards in econometric modelling of climate change |
| title_sort |
comment on "polynomial cointegration tests of anthropogenic impact on global warming" by beenstock et al. (2012) – some hazards in econometric modelling of climate change |
| publisher |
Copernicus Publications |
| series |
Earth System Dynamics |
| issn |
2190-4979 2190-4987 |
| publishDate |
2013-10-01 |
| description |
We outline six important hazards that can be encountered in econometric
modelling of time-series data, and apply that analysis to demonstrate errors
in the empirical modelling of climate data in Beenstock et al. (2012). We show that
the claim made in Beenstock et al. (2012) as to the different degrees of
integrability of CO<sub>2</sub> and temperature is incorrect. In particular, the
level of integration is not constant and not intrinsic to the process.
Further, we illustrate that the measure of anthropogenic forcing in
Beenstock et al. (2012), a constructed "anthropogenic anomaly", is not appropriate
regardless of the time-series properties of the data. |
| url |
http://www.earth-syst-dynam.net/4/375/2013/esd-4-375-2013.pdf |
| work_keys_str_mv |
AT fpretis commentonpolynomialcointegrationtestsofanthropogenicimpactonglobalwarmingbybeenstocketal2012ndashsomehazardsineconometricmodellingofclimatechange AT dfhendry commentonpolynomialcointegrationtestsofanthropogenicimpactonglobalwarmingbybeenstocketal2012ndashsomehazardsineconometricmodellingofclimatechange |
| _version_ |
1725467693632454656 |