Green stocks, crypto asset, crude oil and COVID19 pandemic: Application of rolling window multiple correlation
Электронный научный архив УРФУ
Информация об архиве | Просмотр оригинала| Поле | Значение | |
| Заглавие |
Green stocks, crypto asset, crude oil and COVID19 pandemic: Application of rolling window multiple correlation
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| Автор |
Fareed, Z.
Abbas, S. Madureira, L. Wang, Z. |
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| Тематика |
CARBON EFFICIENCY INDEX
COVID-19 CRYPTOCURRENCY OIL MARKET CARBON CORRELATION METHODS CRUDE OIL EFFICIENCY ELECTRONIC MONEY INVESTMENTS PUBLIC POLICY CARBON EFFICIENCY CARBON EFFICIENCY INDEX ECONOMIC INDICATORS ECONOMIC LIFE EFFICIENCY INDEX MULTIPLE CORRELATION OIL MARKET ROLLING WINDOW SOCIAL LIFE SOCIAL-ECONOMIC CARBON CORRELATION COVID-19 CRUDE OIL CURRENCY DISEASE SPREAD EPIDEMIC STOCK MARKET COVID-19 |
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| Описание |
The COVID-19 pandemic disrupted almost all spares of global social, psychological, and economic life. The emergence of various variants and corresponding variations in daily infection asymmetrically influenced economic indicators. This study extends the existing literature by exploring the hedging potential of crude oil, carbon efficiency index of green firms, and bitcoin during this pandemic. This objective is realized by employing the recently advanced rolling window multiple correlation of Polanco-Martínez (2020). This approach is based on the new p-value corrected method, which has advantages over other correlation methods. The sample observations are based on daily data from 1/22/2020 to 12/20/2021. In the bivariate case, we find a significant positive correlation between COVID-19 and CEI, while a negative impact is observed between COVID-19 and WTI. Similarly, we observe a significant and nonlinear association between COVID-19 and BTC. However, our findings show positive and significant correlations among variables in the multivariate case. The overall findings show that CEI and BTC can be safe havens for investors during this worse pandemic. The study's robust findings can be used to derive important policy implications worldwide during the COVID-19 pandemic. © 2022 Elsevier Ltd
Fundação para a Ciência e a Tecnologia, FCT, (UIDP/04011/2020) Ministry of Education of the People's Republic of China, MOE, (201802100011) Funding text 1: •R&D project DATA4LOWDENSity COLab, FCT - Fundação para a Ciência e a Tecnologia, Portugal ( UIDP/04011/2020 ). Funding text 2: • Collaborative education project of the Ministry of Education , grant no. 201802100011 . |
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| Дата |
2024-04-22T15:53:44Z
2024-04-22T15:53:44Z 2022 |
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| Тип |
Article
Journal article (info:eu-repo/semantics/article) Published version (info:eu-repo/semantics/publishedVersion) |
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| Идентификатор |
Fareed, Z, Abbas, S, Madureira, L & Wang, Z 2022, 'Green stocks, crypto asset, crude oil and COVID19 pandemic: Application of rolling window multiple correlation', Resources Policy, Том. 79, 102965. https://doi.org/10.1016/j.resourpol.2022.102965
Fareed, Z., Abbas, S., Madureira, L., & Wang, Z. (2022). Green stocks, crypto asset, crude oil and COVID19 pandemic: Application of rolling window multiple correlation. Resources Policy, 79, [102965]. https://doi.org/10.1016/j.resourpol.2022.102965 0301-4207 Final All Open Access; Green Open Access https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9436898 https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9436898 http://elar.urfu.ru/handle/10995/132484 10.1016/j.resourpol.2022.102965 85138060468 864527500009 |
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| Язык |
en
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| Права |
Open access (info:eu-repo/semantics/openAccess)
cc-by |
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| Формат |
application/pdf
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| Издатель |
Elsevier Ltd
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| Источник |
Resources Policy
Resources Policy |
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