Causal Link between Financial Globalisation Uncertainty, Economic Growth, Environmental Degradation and Energy Consumption in ASEAN+3 Countries

This paper aims to examine the causal linkage of financial globalisation uncertainty, Environmental Degradation, economic growth and energy consumption for ASEAN+3 countries using second-generation approach for the period between 1970–2019. The results of second-generation unit root test revealed that economic growth and financial globalisation uncertainty were stationary at level, while energy consumption and environmental degradation were stationary at first difference. In addition, the Larson cointegration test showed that long-run cointegration exists between the variables. Similarly, we found that economic growth and environmental degradation have significant positive influence on energy consumption. However, financial globalisation uncertainty has insignificant influence on energy consumption. The results of causal relationship indicated a bidirectional causal relationship between financial globalisation uncertainty and energy consumption; environmental degradation and energy consumption; and economic growth and energy consumption

Role of oil prices in financial instability, trade openness and economic growth: evidence from Asean countries

This paper examined the interaction effect of oil prices on financial instability, trade openness, and economic growth in leading ASEAN countries. Based on the data over 1970-2019, this research used the second-generation panel approach to examine the effects of this study. The results of the cross-sectional dependency (CD) test, and the slope homogeneity test showed that the slope heterogeneity exists among countries and the relationship between cross-sectional units. The findings of the co-integration have showed that financial instability, trade openness, oil prices and economic growth have a stable and long-run linkages. In addition, the findings have shown that economic growth is adversely impacted by financial instability and oil prices, and that trade openness has a positive effect on economic growth. The findings further demonstrated the negative effects on economic growth of the interaction term with oil prices and financial instability. The interaction term for oil prices and openness in trade, however, has a positive effect on leading ASEAN economies' economic growth. Nevertheless, the findings of the causal test showed a one-way causal association between financial instability and economic growth; oil prices and economic growth. Similarly, the results confirmed the bidirectional causality between trade openness and economic growth

Review on Y-type hexaferrite: Synthesis, characterization and properties

Ferromagnetic properties of hexaferrites induce magnetisation inside their crystal structure, separating them into uniaxial and ferroxplana hexaferrites. Y-type is the first observed ferroxplana ferrite with spontaneous magnetization in the basal c-plane perpendicular to the c-axis. Y-type is a material class that exhibits a more comprehensive range of adjustable characteristics. This article provides a comprehensive overview of the synthesis methods to produce Y-type hexaferrite (A2Me2Fe12O22, where A can be Ba or Sr and Me is any divalent metal ion) and techniques used to characterize its properties. Due to the potential applications of Y-type hexaferrites, numerous authors synthesized several kinds of Y-type hexaferrite using a variety of metal substitutions for Me, Fe, and A. Most research on Y-type hexaferrite has concentrated on its structural and magnetic characteristics to investigate magnetoelectric and microwave (MW) device applications. In this review, we reported the suitability of Y-type hexaferrite for multiple applications in current information and communication processing equipment according to the previous findings