Does renewable energy index respond to the pandemic uncertainty?

Hemrit, Wael; Benlagha, Noureddine

doi:10.1016/j.renene.2021.05.130

Cited by 44 publications

(25 citation statements)

References 57 publications

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“…The growth rate of the oil price was negative and significant across all specifications suggesting that a higher growth rate led to lower returns during the COVID-19 pandemic. This situation is because higher oil prices increase the inflation rate leading to an increase in the cost of production, which eventually might lead to lower stock returns (Driesprong et al 2008;Hemrit and Benlagha 2021). Lastly, the interaction terms, in the change of COVID-19 investor sentiment with the change of cases, appeared positive in the current month, negative in the one-month lag, while for the deaths, it was positive and significant in the current month.…”

Section: Discussionmentioning

confidence: 98%

“…Several recent studies have investigated the impact of uncertainty concerning stock market returns and volatilities (Coskun et al 2020). Bakas and Triantafyllou (2020), Chiah and Zhong (2020), Albulescu (2021), Hemrit andBenlagha (2021), andZhu et al (2021) studied the link between the World Pandemic Uncertainty Index (WPUI) and different stock market indices and found a negative link. On the other hand, Wang et al (2021) examined the association between uncertainty and S&P 500 returns and found that the uncertainty related to the COVID-19 pandemic was positively linked to the stock return index.…”

Section: Literature Reviewmentioning

confidence: 99%

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Bank Stock Return Reactions to the COVID-19 Pandemic: The Role of Investor Sentiment in MENA Countries

Albaity

Mallek

Mustafa

2022

Risks

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In this study, we investigated the impact of COVID-19 investor sentiment (CS), number of cases (CC), and deaths (CD) on bank stock returns in 16 MENA countries. In addition, we examined the interaction effects of CS with CC and CD on bank stock returns. Lastly, we looked at whether Islamic banks outperformed conventional banks during the pandemic. Based on monthly data from the Middle East and North Africa (MENA) countries from February 2020 to July 2021, we used the clustered standard error fixed effect estimation on Islamic and conventional bank stock market returns. The results suggest that CC and CD have negative impacts on bank stock market returns while CS has no effect, except for the lagged value. The interaction effect of CS with CC and CD on stock returns proved to strengthen the link in the current month and weaken the link in the previous month.

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Section: Discussionmentioning

confidence: 98%

Section: Literature Reviewmentioning

confidence: 99%

Bank Stock Return Reactions to the COVID-19 Pandemic: The Role of Investor Sentiment in MENA Countries

Albaity

Mallek

Mustafa

2022

Risks

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“…However, electricity prices have been increasing in recent years [ 40 ], mainly due to the increasing energy and oil prices, the energy supply uncertainty during the post-pandemic, and the war in Ukraine [ 41 , 42 ]. The erupt energy demand and inflationary monetary policies are among the main factors of the increasing global energy prices [ 41 , 42 ].…”

Section: Literature Review and Policy Debate: Why Spain Needs A Free-...mentioning

confidence: 99%

A Free-Market Environmentalist Enquiry on Spain’s Energy Transition along with Its Recent Increasing Electricity Prices

Wang

Espinosa

Soto

2022

IJERPH

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This paper analyzes the Spanish energy transition’s general situation and its increasing electricity prices in recent years from a free-market environmentalist (FME) approach. We hypothesize and argue that high taxes, high government subsidies, and government industrial access restrictions breach private property rights, hindering Spain’s renewable energy (RE) development. Our paper discovers that Spain’s state-interventionist policies have increased the cost of the energy and power industries, leading to electricity prices remaining relatively high before and after the outbreak of the COVID-19 pandemic. After reviewing the literature on the FME approach and Spain’s case, a Box–Jenkins (ARIMA) model is used to clarify the economic performance of the Spanish electricity industry with a proposal for forecasting electricity prices. It is observed that Spain fails the EU and its national goal of providing an affordable energy price as a part of the green energy transition. Finally, free-market environmental solutions and policy reforms are proposed to facilitate Spain’s energy transition.

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“…Various papers determined the negative impacts of economic uncertainty on investments in renewable energy projects [48,49,63,64]. Zhang et al [65] investigated the extent of solar photovoltaic market slowdown during the COVID-19 lockdown.…”

Section: Impact On Investments In Renewablesmentioning

confidence: 99%

Impact of the COVID-19 Pandemic to the Sustainability of the Energy Sector

Siksnelyte-Butkiene

2021

Sustainability

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In order to control the COVID-19 pandemic, the governments of the world started to implement measures regarding social distance and social contacts, including closures of cities, work and study relocations, and work suspension. The epidemical situation and the lockdown of the economy by governments in various countries caused changes in production, changes in the habits of energy consumers and other energy-related changes. This article analyses the impact of the global pandemic on the energy sector and the relationship with the progress to the sustainability of the energy sector. The systematic literature review was performed in the Web of Science (WoS) database. The research follows recommendations of the SALSA (Search, Appraisal, Synthesis and Analysis) and PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) approaches. A total of 113 relevant articles were selected for the analysis. All selected articles were categorized according to their application and impact areas. The five main impact areas of the COVID-19 pandemic to the sustainability of the energy sector were identified: consumption and energy demand; air pollution; investments in renewable energy; energy poverty; and energy system flexibility. Based on the current research findings and perception of the problem, the main insights for future research in the field are provided.

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Does renewable energy index respond to the pandemic uncertainty?

Cited by 44 publications

References 57 publications

Bank Stock Return Reactions to the COVID-19 Pandemic: The Role of Investor Sentiment in MENA Countries

Bank Stock Return Reactions to the COVID-19 Pandemic: The Role of Investor Sentiment in MENA Countries

A Free-Market Environmentalist Enquiry on Spain’s Energy Transition along with Its Recent Increasing Electricity Prices

Impact of the COVID-19 Pandemic to the Sustainability of the Energy Sector

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