73 research outputs found
Globalisation, economic growth and energy consumption in the BRICS region: the importance of asymmetries.
This paper examines the asymmetric impact of globalisation and economic growth on energy consumption in BRICS countries, applying the NARDL bounds approach to explore the presence of asymmetric cointegration across variables. The empirical results reveals that energy consumption is positively and negatively affected by the positive and negative globalisation shocks, respectively. A positive shock in economic growth promotes energy consumption, while a negative shock reduces energy consumption.N/
Globalisation, economic growth and energy consumption in the BRICS region: the importance of asymmetries.
This paper examines the asymmetric impact of globalisation and economic growth on energy consumption in BRICS countries, applying the NARDL bounds approach to explore the presence of asymmetric cointegration across variables. The empirical results reveals that energy consumption is positively and negatively affected by the positive and negative globalisation shocks, respectively. A positive shock in economic growth promotes energy consumption, while a negative shock reduces energy consumption.N/
Natural gas prices and stock prices: Evidence from EU-15 countries
This study investigates the long-run relationship between natural gas prices and stock prices by using the Johansen and Juselius cointegration test and error-correction based Granger causality models for the EU-15 countries. We employ quarterly data covering the period from 1990:1 to 2008:1. Empirical findings suggest that there is a unique long-term equilibrium relationship between natural gas prices, industrial production and stock prices in Austria, Denmark, Finland, Germany and Luxembourg. However, no relationship is found between these variables in the other ten EU-15 countries. Although we detect a significant long-run relationship between stock prices and natural gas prices, Granger causality test results imply an indirect Granger causal relationship between these two variables. In addition, we investigate the Granger causal relationship between stock returns, industrial production growth and natural gas price increase for Austria, Denmark, Finland, Germany and Luxembourg. As a result, increase in natural gas prices seem to impact industrial production growth at the first place. In turn, industrial production growth appears to affect stock returns. © 2012 Elsevier B.V
Foreign direct investment, exports and economic growth: evidence from two panels of developing countries
Effect of financial sector development on energy consumption in Africa: Is it threshold specific?
Revisiting the Kuznets curve hypothesis for Tunisia: carbon dioxide vs. Ecological footprint
Can Exchange Rate Volatility Influence the Export Positively? Evidence from Turkey Under the Regime Shifts
Exchange Rate and Sectoral Trade Balance Dynamics: Empirical Evidence from Eastern Africa Panel Data
Examining the convergence of energy consumption: comparison between oil importing versus oil exporting countries
Bank-specific and macro-economic determinants of profitability of Indian commercial banks: A panel data approach
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