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dioxide (CO2) emissions in the next eleven (N-11) countries over the period 1980-2013, by using the panel c-ointegration, the … panel dynamic ordinary least squares (DOLS) and the panel fully modified ordinary least squares (FMOLS) approaches …, supports the existence of environmental kuznets curve hypothesis. With estimations through the panel DOLS and FMOLS, the long …
Persistent link: https://www.econbiz.de/10012986366
Catastrophic shocks to existing stocks of a renewable resource can cause long-run price shifts. With timber, these long-run price shifts may be accompanied by a short-run price drop due to salvage. Hurricane Hugo damaged 20% of southern pine timber in the South Carolina Coastal Plain in 1989. To...
Persistent link: https://www.econbiz.de/10014154445
given the time properties of the series. This paper analyzes the appropriateness of the EKC hypothesis for a panel of 46 … countries and 20 periods by implementing individual and panel tests for both unit roots and cointegration. An error correction … model -VEC- is also estimated for the panel. The results do not support the evidence of a common EKC for the countries …
Persistent link: https://www.econbiz.de/10014214182
This study aims to uncover interdependencies between two distinctive but increasingly influential dimensions in contemporary finance, namely, Environmental, Social, and Governance (ESG) and Sharia guidelines. We examine the long-term association between ESG and Sharia indices, along with ESG and...
Persistent link: https://www.econbiz.de/10015211224
"Sustainable investment"-includes a variety of asset classes selected while caring for the causes of environmental, social, and governance (ESG). It is an investment strategy that seeks to combine social and/ or environmental benefits with financial returns, thus linking investor’s social,...
Persistent link: https://www.econbiz.de/10012016034
This paper examines the relationship between the logarithms of CO2 emissions and real GDP in China by applying fractional integration and cointegration methods. The univariate results indicate that the two series are highly persistent, their orders of integration being around 2, whilst the...
Persistent link: https://www.econbiz.de/10012119768
This paper replicates the analysis in the paper “What Drives Natural Gas Prices?" by Stephen P.A. Brown and Mine K. Yücel. The replication confirms the results of that analysis: a long-run relationship existed between natural-gas prices and crude-oil prices during the period from June 1997 to...
Persistent link: https://www.econbiz.de/10012123204
The rapid rise in greenhouse gas emissions have become a global concern catching the attention of policy makers and researchers all over the world. Fossil fuel combustion has been named as the major source of greenhouse gas emissions, meanwhile, studies focusing on fossil fuel impact on CO2...
Persistent link: https://www.econbiz.de/10012125490
This paper develops residual-based monitoring procedures for cointegrating polynomial regressions (CPRs), i.e., regression models including deterministic variables and integrated processes, as well as integer powers, of integrated processes as regressors. The regressors are allowed to be...
Persistent link: https://www.econbiz.de/10012503985
This paper examines the relationship between the logarithms of carbon dioxide (CO2) emissions and real Gross Domestic Product (GDP) in China by applying fractional integration and cointegration methods. These are more general than the standard methods based on the dichotomy between stationary...
Persistent link: https://www.econbiz.de/10012617211