Showing 1 - 10 of 25
This paper examines the relationship between financial development, CO2 emissions, trade and economic growth using … is evidence of bidirectional causality between CO2 emissions and economic growth. Economic growth and trade openness are … financial development to economic growth and from trade openness to CO2 emissions is identified. Our empirical results also …
Persistent link: https://www.econbiz.de/10011252734
We contribute to the economic growth–CO2 emissions literature in the MENA region by focusing on both production and … one follows the studies by Lean and Smyth (2010a) and Sadorsky (2012) which examine the dynamic interaction of energy … Mahmud (2009), and Jayanthakumaran et al. (2012) which attempt to introduce energy consumption and trade openness in the …
Persistent link: https://www.econbiz.de/10010891094
Forecasting the density of returns is useful for many purposes in finance, such as risk manage- ment activities, portfolio choice or derivative security pricing. Existing methods to forecast the den- sity of returns either use prices of the asset of interest or option prices on this same asset....
Persistent link: https://www.econbiz.de/10010930520
In this paper, we first provide empirical evidence of the existence of intraday jumps in the crude oil price series. We then show that these jumps, in conjunction with realized volatility measures, are important in modeling the convenience yield over the 2001-2010 period. Our empirical results...
Persistent link: https://www.econbiz.de/10010930522
This article assesses the impact of real energy prices on the consumption of different energy sources in Tunisia. We … estimate the short-run and long-run energy demand elasticities over the period 1980-2004, where energy demand is specified by a … simple partial adjustment model. Our results show that energy demand in Tunisia is generally sensitive to the income level …
Persistent link: https://www.econbiz.de/10010891088
In this paper, we review the extant mathematical and environmental economics literatures on the stochastic properties of CO2 emission allowance futures prices. We explain the main findings arising from this literature from both continuous- and jump-diffusion models. Based on the Activity...
Persistent link: https://www.econbiz.de/10010891126
This paper contributes to the literature by exploring the relationship between financial development, economic growth … openness and economic growth are likned over the long-run. We find evidence in favor of the supply-side hypothesis while … financial development and economic growth cause exports. Economic growth causes imports and feedback effect exists between trade …
Persistent link: https://www.econbiz.de/10010754713
This study investigates the energy-growth-trade nexus in Pakistan by using the annual time series data for the period … growth in Pakistan. The present study may guide policymakers in formulating a conclusive energy and trade policies for … of 1973-2011. Our main results show: i) the presence of long-run link between energy consumption and trade performance …
Persistent link: https://www.econbiz.de/10010929414
) emissions, output (GDP), energy consumption, and trade using the bounds testing approach to cointegration and the ARDL …, squared GDP and energy consumption to CO2 emissions. To check the stability in the parameter of the selected model, CUSUM and …
Persistent link: https://www.econbiz.de/10010929400
growth and CO2 emissions to renewable energy consumption in long run. With panel FMOLS and DOLS estimates, we find that only …This paper uses panel cointegration techniques to examine the causal relationship between renewable energy consumption …, economic growth and CO2 emissions for a group of 12 MENA countries covering the annual period 1975-2008. The Granger …
Persistent link: https://www.econbiz.de/10011252728