Asymmetric impact of green bonds on energy efficiency: Fresh evidence from quantile estimation
Chang L. Moldir M. Zhang Y. Nazar R.
February 2023Elsevier Ltd
Utilities Policy
2023#80
This article examines the asymmetric green bonds-energy efficiency nexus in the top ten green bond issuer countries. Quantile-on-Quantile approach is applied, which permits the exploration of the time-series interdependence in each economy individually to give worldwide yet nation-specific details about the association between the variables. The estimates show that green bond financing boosts energy efficiency in our selected nations at various quantiles of data distribution. Furthermore, the findings show that the levels of asymmetries between the variables vary by nation, emphasizing the significance of governments paying particular consideration when enacting green financing and energy efficiency measures.
Green bonds , Green finance , Quantile-on-Quantile estimation
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School of Economics, Peking University, Beijing, 100871, China
School of Economics and Management, Narxoz University, Almaty, Kazakhstan
Research Center of Cultural Industries, Central China Normal University, Wuhan, 430079, China
Department of Economics, The Women University, Multan, Pakistan
School of Economics
School of Economics and Management
Research Center of Cultural Industries
Department of Economics
10 лет помогаем публиковать статьи Международный издатель
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