Economic Change and Restructuring最新文献_第4页

Dynamic volatility among fossil energy, clean energy and major assets: evidence from the novel DCC-GARCH 化石能源、清洁能源和主要资产之间的动态波动性：来自新型 DCC-GARCH 的证据

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-04-12 DOI: 10.1007/s10644-024-09696-9

Oktay Ozkan, Salah Abosedra, Arshian Sharif, Andrew Adewale Alola

{"title":"Dynamic volatility among fossil energy, clean energy and major assets: evidence from the novel DCC-GARCH","authors":"Oktay Ozkan, Salah Abosedra, Arshian Sharif, Andrew Adewale Alola","doi":"10.1007/s10644-024-09696-9","DOIUrl":"https://doi.org/10.1007/s10644-024-09696-9","url":null,"abstract":"<p>The objective of this paper is to assess the dynamic volatility connectedness between fossil energy, clean energy, and major assets i.e., Bonds, Bitcoin, Dollar index, Gold, and Standard and Poor's 500 from September 17, 2014 to October 11, 2022. The main motivation of the study relates to examining the dynamic volatility connectedness mentioned during periods of important events such as the recent coronavirus pandemic and the Russia–Ukraine conflict which has shown the vulnerability of economic and financial assets, energy commodities, and clean energy. The novel Dynamic Conditional Correlation-Generalized Autoregressive Conditional Heteroskedasticity (DCC-GARCH) approach is employed for the investigation of the sample period mentioned. Empirical analysis reveals that both the total and net volatility connectedness between assets is time-varying. The highest connectedness among the assets is observed with the onset of the coronavirus (COVID-19) pandemic, and it increases with some important international events, such as the Russia–Ukraine conflict, the referendum of Brexit, China–US trade war, and Brexit day. On average, the result shows that 32.8% of the volatility in one asset spills over to all other assets. The DCC-GARCH results also indicate that crude oil, bonds, and Bitcoin act as almost pure volatility transmitters, whereas the Dollar index, gold, and S&P500 act as volatility receivers. On the other hand, clean energy is found neutral to external shocks until the first quarter of 2020 and after that time, it starts to behave as a volatility transmitter. Based on the obtained results, we offer some specific policy implications that are beneficial to the US economy and other countries.</p><h3 data-test=\"abstract-sub-heading\">Graphical Abstract</h3><p>Dynamic volatility connectedness between fossil energy, clean energy, and major assets (Bonds, Bitcoin, Dollar index, Gold, and Standard and Poor's 500)\u0000</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":"119 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2024-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140583404","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Low-carbon economy modeling through triple bottom line framework 通过三重底线框架建立低碳经济模型

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-04-10 DOI: 10.1007/s10644-024-09693-y

Weiqing Sun, Xingkuan Yin

引用次数: 0

ICT service exports and CO2 emissions in OECD countries: the moderating effect of regulatory quality 经合组织国家的信息和通信技术服务出口与二氧化碳排放：监管质量的调节作用

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-04-10 DOI: 10.1007/s10644-024-09685-y

Umair Kashif, Junguo Shi, Snovia Naseem, Shanshan Dou, Zohaib Zahid

引用次数: 0

Exploring the nexus between poor governance and household food security 探索治理不善与家庭粮食安全之间的关系

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-04-04 DOI: 10.1007/s10644-024-09679-w

{"title":"Exploring the nexus between poor governance and household food security","authors":"","doi":"10.1007/s10644-024-09679-w","DOIUrl":"https://doi.org/10.1007/s10644-024-09679-w","url":null,"abstract":"<h3>Abstract</h3> <p>A cross-sectional-based study was conducted in Torghar Pakistan to analyze the association between impacts of poor governance and household food security through sociological lens. A sample size of 379 household heads was chosen randomly for data collection through structured questionnaire. The collected data was then analyzed in terms of bivariate and multivariate analyses, and binary logit model. At bivariate analysis, the study found that inadequate governance, political instability in terms of shortage of food supply chain, smuggling of food commodities had open new vistas toward starvation and household food insecurity. At multivariate analysis, the family composition has vivid association between household food security and poor governance. Although religious education and lower level of education deteriorate the existing food security at household level were also explored. Lastly, at binary logistic regression model depicted that increased in poor governance influence household food security negatively. Thus, the government should collaborate with local political leaders to identify those lacunas and institutional weakness that affect the good governance patterns in terms of smuggling and nepotism which deteriorate the existing channel of food supply chain during militancy were put forwarded some of the recommendations in light of the present study.</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":"39 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2024-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140583408","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Does energy technology R&D save energy in OECD countries? 经合组织国家的能源技术研发是否节约能源？

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-03-27 DOI: 10.1007/s10644-024-09588-y

Masako Ikegami, Zijian Wang

{"title":"Does energy technology R&D save energy in OECD countries?","authors":"Masako Ikegami, Zijian Wang","doi":"10.1007/s10644-024-09588-y","DOIUrl":"https://doi.org/10.1007/s10644-024-09588-y","url":null,"abstract":"<p>The relationship between energy technology R&D and energy consumption has remained an unsettled empirical issue. This study investigates whether accumulative energy technology R&D investments have contributed to decreases in final energy and fossil fuel consumption in 19 OECD countries over the period 1975–2020. We ask whether an increase in energy technology R&D stocks has contributed to decreases in final energy and fossil fuel consumption and hence may effect energy savings. Methodologically, we treat the accumulation and depreciation of energy technology R&D investments as R&D stocks, and we use state-of-the-art estimation methods for dealing with cross-sectional dependence, nonstationarity, heterogeneity and time-varying coefficients that often plague panel-time-series models. Across our heterogeneous dynamic models, we find those estimators that properly account for cross-sectional dependence yield negative and significant coefficients on energy technology R&D stocks. Our time-varying estimates on energy technology R&D stocks confirm the above findings and feature two turning points—i.e., the 1979 oil shock, the Fukushima accident—in effecting energy savings. These two turning points provide strong evidence that the sample countries are subject to common shocks. The evidence we present supports the environmental sustainability orientated view that energy technology R&D is playing a prominent role in making energy savings.</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":"9 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2024-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140324820","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

How does environmental performance ensured energy transition? Impact of ecological change 环境绩效如何确保能源转型？生态变化的影响

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-03-25 DOI: 10.1007/s10644-024-09636-7

Zixin Liu, Shuguang Zhang

引用次数: 0

Does the political promotion incentive of state-owned enterprise executives facilitate green innovation? 国有企业高管的政治晋升激励是否有利于绿色创新？

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-03-25 DOI: 10.1007/s10644-024-09671-4

Yiyang Gu, Peng Wu, Lei Gao

引用次数: 0

Public–private partnerships for energy transition: studying role of economic change and energy restructuring over the time 促进能源转型的公私伙伴关系：研究经济变革和能源结构调整在不同时期的作用

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-03-25 DOI: 10.1007/s10644-024-09606-z

Mintian He, Shuili Yang

引用次数: 0

Advancing toward a sustainable future: assessing the impact of energy transition, circular economy, and international trade on carbon footprint 迈向可持续的未来：评估能源转型、循环经济和国际贸易对碳足迹的影响

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-03-22 DOI: 10.1007/s10644-024-09621-0

Yukun Cao, Jingxuan Cai, Xiangyue Liu

引用次数: 0

Impact of inter-country corruption differences on wages and economic growth 国家间腐败差异对工资和经济增长的影响

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-03-22 DOI: 10.1007/s10644-024-09662-5

Óscar Afonso, Mafalda Pinho

引用次数: 0