Hammoudeh, Shawkat; Nguyen, Duc Khuong; Sousa, Ricardo M. - Núcleo de Investigação em Políticas Económicas … - 2014
Using the vector auto-regression (VAR) and the vector error-correction Models (VECM), this paper analyzes the short-term dynamics of the prices of CO2 emissions in response to changes in the prices of oil, coal, natural gas, electricity and carbon emission allowances. The results show that: (i)...