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Asymmetric and nonlinear pass-through of energy prices to CO2 emission allowanc...
Hammoudeh, Shawkat; Lahiani, Amine; Nguyen, Duc Khuong; Sousa, Ricardo M.We use the recently developed nonlinear autoregressive distributed lags (NARDL) model to examine the pass-through of changes in crude oil prices, natural gas prices, coal prices and electricity prices to the CO2 emission allowance prices. This approach allows one to simultaneously test the short- and long-run nonlinearities through the positive and negative partial sum decompositions of the predetermined explan...
Data: 2014
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Origem: RepositóriUM - Universidade do Minho
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