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Macro factors in oil futures returns
Pen, Yannick Le; Sévi, Benoît - In: Economie Internationale (2011) 126-127, pp. 13-38
Abstract. We investigate the macro factors that can explain the monthly oil futures return for the NYMEX WTI futures contract for the time period 1993:11 to 2010:03. We build a new database of 187 real and nominal macroeconomic variables from developed and emerging countries and resort to the...
Persistent link: https://www.econbiz.de/10010602630
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Impact d'un choc sur les corrélations de trois indices boursiers. La faillite de Lehman Brothers
Pen, Yannick Le; Sévi, Benoît - In: Revue économique 61 (2010) 3, pp. 407-419
We proceed to an impulse-response analysis on the conditional correlations between three stock indices returns: the S&P 500, the ftse 100 and the Nikkei 225. As a first step, a general asymmetric dynamic conditional correlation (ga-dcc) model proposed by Cappiello, Engle and Sheppard [2006] is...
Persistent link: https://www.econbiz.de/10008602694
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Energy consumption-GDP nexus: Heterogeneous panel causality analysis
Akkemik, K. Ali; Göksal, Koray - In: Energy Economics 34 (2012) 4, pp. 865-873
Existing studies examining the Granger causality relationship between energy consumption and GDP use a panel of … energy consumption and GDP by taking into account panel heterogeneity. For this purpose, we use a large panel of 79 countries …
Persistent link: https://www.econbiz.de/10011039619
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Land use change impacts of biofuels: Near-VAR evidence from the US
Piroli, Giuseppe; Ciaian, Pavel; Kancs, d'Artis - In: Ecological Economics 84 (2012) C, pp. 98-109
The present paper studies the land use change impacts of fuels and biofuels. We test the theoretical hypothesis, which says that changes in fuel prices cause changes in land use both directly and indirectly and that, because of price inter-dependencies, biofuels reinforce the land use change...
Persistent link: https://www.econbiz.de/10010594476
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Energy consumption and economic growth in sub-Saharan Africa: An asymmetric cointegration analysis
Richard, Olayeni Olaolu - In: Economie Internationale (2012) 129, pp. 99-118
This paper investigates the asymmetric effect in the energy-growth nexus. Using the data for real GDP per capita and … energy consumption per capita over the period 1971-2008, we examine the relationship for 12 sub-Saharan African countries …
Persistent link: https://www.econbiz.de/10010602624
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Is the influence of oil prices changes on oil and gas stock prices in Nigeria symmetric or asymmetric?
Musa, Dasauki; Awolaja, Oladapo Gbenga; Jerry, Kwarbai; … - In: Cogent economics & finance 10 (2022) 1, pp. 1-16
Overdependence on oil revenue has exposed the economy to shocks from oil price variations. In this paper, we investigated the relationship between oil price on the stock prices of oil and gas firms quoted in the Nigerian Stock Exchange market. In doing so, the ARDL and NARDL approach is applied...
Persistent link: https://www.econbiz.de/10014500416
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Causality between energy and output in the long-run
Stern, David I.; Enflo, Kerstin - In: Energy Economics 39 (2013) C, pp. 135-146
Though there is a very large literature examining whether energy use Granger causes economic output or vice versa, it … to test whether increases in energy use and energy quality have driven economic growth or vice versa. We show that these … the introduction of structural breaks. The relationship between energy and growth may also have changed over time – energy …
Persistent link: https://www.econbiz.de/10010868695
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What if energy time series are not independent? Implications for energy-GDP causality analysis
Bruns, Stephan B.; Gross, Christian - In: Energy Economics 40 (2013) C, pp. 753-759
Time series of electricity, petroleum products, and renewables are found to be highly correlated with total energy … consumption. Applying this insight to the huge literature on energy-GDP causality explains that the results of total energy …-GDP causality tests frequently coincide with the results of energy type-GDP tests. Using the test by Toda–Yamamoto in combination …
Persistent link: https://www.econbiz.de/10010868712
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Um modelo integrado econométrico+insumo-produto para previsão de longo prazo da demanda de combustíveis no Brasil [An integrated econometric+input-output model for long term foreca...
Santiago, Flaviane Souza; Mattos, Rogério Silva de; … - In: Nova Economia 21 (2011) 3, pp. 423-455
The article presents an integrated econometric + input - output model for generating long-run forecasts of fuel demand in Brazil. The model is based on the integration, by means of a linking strategy, of a vector error correction model with a hybrid input-output model for the Brazilian economy...
Persistent link: https://www.econbiz.de/10010655918
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The Impact of Economic and Financial Variables on Cash Conversion Cycle of Energy, Oil and Gas Sectors Listed in Muscat Security Market
AL-Shubiri, Faris Nasif - In: International Journal of Energy Economics and Policy 5 (2015) 1, pp. 174-181
This paper aims to analyze the impact of economic and financial variables on cash conversion cycle of energy, oil and …
Persistent link: https://www.econbiz.de/10011122115