Nonlinear autoregressive distributed lag model

The objective of this paper is to analyze the asymmetric effect of petrol prices on consumer prices in the Vietnamese market. The theoretical basis is developed from the theory of asymmetric price transmission (APT). The quarterly data is collected between Q1/2008 and Q4/2019, and the nonlinear autoregressive distributed lag (NL-ARDL) model is used as an analytical tool. The research results indicate that the gasoline price in the Vietnam market disproportionately affects consumer prices in both the short-run and long-term.

12p nhanchienthien 25-07-2023 7 4   Download

The study examines the asymmetric effect of oil price on the exchange rate and stock price using the nonlinear autoregressive distributive lag (NARDL) technique on the time-series data spanning from January 1996 to September 2020. The multivariate cointegration test showed evidence of a longrun relationship among the stock price, exchange rate, and oil price. The linear Granger causality test showed that stock price is granger caused by oil price and exchange rate, and oil price is granger cause by stock price and exchange rate.

7p mynguyenha 21-07-2021 6 2   Download

Concerned by the environmental and economic threats posed by fossil fuels as the source of energy, this study uses the case of Nigeria economy to understand the extent to which economic growth and carbon emissions matters for renewable energy demands. Exploring both the linear and nonlinear ARDL modelling framework, the main empirical findings are that the amplified responsiveness of the consequence of climate change has led to increase in the demand for renewable energy particularly when the underlying source of the emissions is attributable to activities in the transport sector.

7p caygaocaolon11 18-04-2021 10 1   Download