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Germany in terms of CO2 emissions. However, from an economic viewpoint, the gross domestic product (GDP) of Iran is lower than …
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This paper applies Markov-switching multifractal (MSM) processes to model and forecast carbon dioxide (CO2) emission price volatility, and compares their forecasting performance to the standard GARCH, fractionally integrated GARCH (FIGARCH) and the two-state Markov-switching GARCH (MS-GARCH)...
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