The asymmetric effects of foreign direct investment on clean energy consumption in BRICS countries: A recently introduced hidden cointegration test

Yılancı, Veli; Ozgur, Onder; Görüş, Muhammed Şehid

doi:10.1016/j.jclepro.2019.117786

Cited by 61 publications

(25 citation statements)

References 30 publications

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“…In order to reveal hidden causal relationships, Hatemi-J ( 2012 ) suggested separating variables into positive and negative shocks and applying the causality test to these shocks. Therefore, following Yilanci et al ( 2019 ), we performed the asymmetric Fourier causality test by considering the cumulative positive and negative shocks of the variables. This test is applied by adding the shocks to the y t in Eq.…”

Section: Methodsmentioning

confidence: 99%

How is COVID-19 affecting environmental pollution in US cities? Evidence from asymmetric Fourier causality test

Pata

2020

Air Qual Atmos Health

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This paper aims to examine the effects of the COVID-19 pandemic on PM 2.5 emissions in eight selected US cities with populations of more than 1 million. To this end, the study employs an asymmetric Fourier causality test for the period of January 15, 2020 to May 4, 2020. The outcomes indicate that positive shocks in COVID-19 deaths cause negative shocks in PM 2.5 emissions for New York, San Diego, and San Jose. Moreover, in terms of cases, positive shocks in COVID-19 cause negative shocks in PM 2.5 emissions for Los Angeles, Chicago, Phoenix, Philadelphia, San Antonio, and San Jose. Overall, the findings of the study highlight that the pandemic reduces environmental pressure in the largest cities of the USA. This implies that one of the rare positive effects of the virus is to reduce air pollution. Therefore, for a better environment, US citizens should review the impact of current production and consumption activities on anthropogenic environmental problems.

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Section: Methodsmentioning

confidence: 99%

How is COVID-19 affecting environmental pollution in US cities? Evidence from asymmetric Fourier causality test

Pata

2020

Air Qual Atmos Health

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“…Bootstrap simulation is preferred to acquire the necessary critical values. When the test statistic surpasses the critical value, the null hypothesis is rejected (Yılancı, Özgür & Görüş, 2019).…”

Section: Fourier Toda-yamamoto Causality Testmentioning

confidence: 99%

The Relationship between Health Expenditures and Economic Growth: Evidence from Turkey

Özer

2021

Optimum Ekonomi Ve Yönetim Bilimleri Dergisi

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This study examines the relationship between health expenditures and economic growth in Turkey during the period 1975-2019 by using the Fourier Engle-Granger cointegration and the Fourier Toda-Yamamoto causality tests. Firstly, the Fourier ADF unit root test with fractional frequency is employed in order to investigate the stationary of the variables, and it is determined that both are I(1). Then, the Fourier Engle-Granger cointegration test revealed that there is a unidirectional long-run relationship from real GDP per capita to health expenditures. Accordingly, a one percent increase in economic growth causes a 0.32 percent increase in health expenditures. The findings from the Fourier Toda-Yamamoto causality test also support results of the Fourier Engle-Granger cointegration test. As a result, this study indicates that income view hypothesis and Wagner's law are valid for Turkey.

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“…Note also that these structural changes in are disregarded, namely the constant parameter is presumed as fixed (time-independent), in a conventional VAR system. Yılancı et al (2019) developed the asymmetric Fourier causality test, which is a hybrid of the methodologies put forward by Hatemi-J (2012) and Nazlıoğlu et al (2016). This study follows Yılancı et al (2019) and estimates Eq.…”

Section: Fourier-type Asymmetric Bootstrap Causality Testmentioning

confidence: 99%

“…Yılancı et al (2019) developed the asymmetric Fourier causality test, which is a hybrid of the methodologies put forward by Hatemi-J (2012) and Nazlıoğlu et al (2016). This study follows Yılancı et al (2019) and estimates Eq. ( 16) and ( 17) and reports the estimation results in the next section.…”

Section: Fourier-type Asymmetric Bootstrap Causality Testmentioning

confidence: 99%

Stock Market Inclusion and İts Connection with Economic Activity in Turkey

Karaoğlan¹,

Bilman²

2021

Ege Akademik Bakis (Ege Academic Review)

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This study explores the relationship between stock market inclusion and economic activity (liveliness) in Turkey by taking advantage of the recent contributions in causality theory. Stock market inclusion is represented by the seasonally adjusted real stock market trade volume per capita (TV) and economic activity by the seasonally adjusted real gross domestic product per capita (GDP). We use quarterly series covering the period 2003:1-2020:2 and employ asymmetric bootstrap and asymmetric Fourier bootstrap causality testing procedures to obtain robust parameter estimates. Both procedures adopt a nonlinear methodology but the latter is distinguished from the first in the sense that it follows a Fourier series approximation which allows for structural breaks of unknown number, form, and point. Empirical findings suggest that the Fourier-type asymmetric bootstrap causality procedure, thanks to its trigonometric components, captures two unidirectional (one-way) causalities; one running from the positive components of TV to those of GDP and the other running from the negative components of TV to those of GDP, but not vice versa. These findings verified a strong influence on GDP of the alterations i.e. positive and negative shocks in stock market conditions.

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The asymmetric effects of foreign direct investment on clean energy consumption in BRICS countries: A recently introduced hidden cointegration test

Cited by 61 publications

References 30 publications

How is COVID-19 affecting environmental pollution in US cities? Evidence from asymmetric Fourier causality test

How is COVID-19 affecting environmental pollution in US cities? Evidence from asymmetric Fourier causality test

The Relationship between Health Expenditures and Economic Growth: Evidence from Turkey

Stock Market Inclusion and İts Connection with Economic Activity in Turkey

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