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This Discussion Paper deals with the issue of greenwashing, i.e. the false portrayal of companies as environmentally friendly. The analysis focuses on the US metal industry, which is a major emission source of sulfur dioxide (SO2), one of the most harmful air pollutants. One way to monitor the...
Persistent link: https://www.econbiz.de/10012821923
Is a firm's ability to export an important determinant of environmental performance? To answer this question, we construct a unique micro dataset that merged two rich firm-level datasets for China for 2007. When combining this new dataset with well-received empirical specifications, we found...
Persistent link: https://www.econbiz.de/10011999054
Is trade liberalization contributing to cleaner production amongst manufacturing firms? Theoretical predictions and empirical evidences are mixed. This study utilizes China's dual trade regime and China's WTO entry in 2001 to construct a unique micro dataset on manufacturing firms for China for...
Persistent link: https://www.econbiz.de/10012239819
In light of increased economic integration and global warming, addressing critical issues such as the role of multilateral climate policies and the strategic interaction of countries in climate negotiations becomes paramount. We thus established for this paper an open economy environmental...
Persistent link: https://www.econbiz.de/10012174121
We use volatility impulse response analysis estimated from the bivariate GARCH-BEKK model to quantify the size and the persistence of different types of oil price shocks on stock return volatility and the covariance between oil price changes and stock returns for a wide range of net...
Persistent link: https://www.econbiz.de/10011903691
This paper studies the ability of manufacturing-specific shocks to explain global oil prices. In an estimated three-region DSGE model (UnitedStates, OPEC, rest-of-world) in corporating two sectors (manufacturing and services) in the oil-importing economies and featuring cross-border...
Persistent link: https://www.econbiz.de/10012322376
We analyze Granger causality testing in a mixed-frequency VAR, where the difference in sampling frequencies of the … improve the finite sample properties of these tests. We also consider a Bayesian VAR that we carefully extend to the presence …. (2015a) as well as to the unrestricted VAR using Monte Carlo simulations. The techniques are illustrated in an empirical …
Persistent link: https://www.econbiz.de/10011415576
Diebold and Yılmaz (2014), which is based on the forecast error variance decomposition of a VAR model. However, their …
Persistent link: https://www.econbiz.de/10011968850
Persistent link: https://www.econbiz.de/10015401931
Persistent link: https://www.econbiz.de/10009243090