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development of clean energy, including hydroelectric power, wind power, and solar energy generation. In order to involve companies …, which causes serious pollution. In order to understand the regional markets well, it is necessary to analyze the energy … structure in these regions. Coal is the primary energy source in China, so that provinces that rely heavily on coal receive a …
Persistent link: https://www.econbiz.de/10011794247
The purpose of the paper is to establish national carbon emissions prices for the People's Republic of China, which is one of the world's largest producers of carbon emissions. Several measures have been undertaken to address climate change in China, including the establishment of a carbon...
Persistent link: https://www.econbiz.de/10011813377
The energy sector is one of the most important in the world, so that time series fluctuations in leading energy sources … have been analysed widely. As the leading energy commodities are traded on international stock exchanges, the analysis of … three leading energy commodities, namely crude oil, natural gas and ethanol, using intra-day data. The detailed analysis of …
Persistent link: https://www.econbiz.de/10011441584
There is substantial empirical evidence that energy and financial markets are closely connected. As one of the most … widely-used energy resources worldwide, natural gas has a large daily trading volume. In order to hedge the risk of natural …, biological or financial asset. Investigating volatility spillovers within and across energy and financial markets is a crucial …
Persistent link: https://www.econbiz.de/10011490999
This paper analyses the adoption of energy-efficiency enhancing technologies by heterogeneous firms. The fact that … energy use does not only cause external environmental costs through pollution, but also directly affects the profitability of … energy use. The analysis focuses in particular on the efficiency of the market-led adoption and diffusion process under …
Persistent link: https://www.econbiz.de/10010338456
Time varying patterns in US growth are analyzed using various univariate model structures, starting from a naive model structure where all features change every period to a model where the slow variation in the conditional mean and changes in the conditional variance are specified together with...
Persistent link: https://www.econbiz.de/10010399680
We introduce a new model for time-varying spatial dependence. The model extends the well-known static spatial lag model. All parameters can be estimated conveniently by maximum likelihood. We establish the theoretical properties of the model and show that the maximum likelihood estimator for the...
Persistent link: https://www.econbiz.de/10010391531
The multivariate analysis of a panel of economic and financial time series with mixed frequencies is a challenging problem. The standard solution is to analyze the mix of monthly and quarterly time series jointly by means of a multivariate dynamic model with a monthly time index: artificial...
Persistent link: https://www.econbiz.de/10010391543
Many empirical studies have shown that factor models produce relatively accurate forecasts compared to alternative short-term forecasting models. These empirical findings have been established for different macroeconomic data sets and different forecast horizons. However, various specifications...
Persistent link: https://www.econbiz.de/10010395082
We introduce a new estimation framework which extends the Generalized Method of Moments (GMM) to settings where a subset of the parameters vary over time with unknown dynamics. To filter out the dynamic path of the time-varying parameter, we approximate the dynamics by an autoregressive process...
Persistent link: https://www.econbiz.de/10011431471