This paper aims to analyze the interaction between renewable energy consumption and the industrial production of the USA over the 1981-2015 period. Its contributions are related to the disaggregation of renewable energy sources (hydroelectric, geothermal, and biomass energy from wood, waste, and...

We propose an enhanced regime-switching model to investigate the relationships between oil price surges and stock market cycles in five oil-dependent countries over the period from January 1989 to December 2007. Our model accounts for the joint effects of the WTI (West Texas Intermediate) and...

The purpose of this paper is to question the traditional conventional view on the exchange rate targeting that real shocks have

In recent years our understanding of the nature of crude oil price shocks and their effects on the stock market returns has evolved noticeably. Evidence on spillover effects between several kinds of markets has widely been discussed around the globe whereas the transmission of shocks between...