The standard vector error correction (VEC) model assumes the iid normal distribution of disturbance term in the model. This paper extends this assumption to include GARCH process. We call this model as VEC-GARCH model. However as the number of parameters in a VEC-GARCH model is large, the...

Technological change has been attributed an important role in reducing the costs associated to climate change mitigation through GHG emission reductions. The adoption and deployment of low-carbon and environmentally friendly technologies has been at the center stage of climate negotiations....

he Fourth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) predicts global sea level to rise (SLR) by up to 60 cm by 2100 in response to ocean warming and glaciers melting. Moreover, it is expected that sea level rise might be of 1 meter or more in 2100 due to recent...