Modelling the Characteristics of Residential Energy Consumption: Empirical Evidence of Indian Scenario

Zareena Begum Irfan (), Divya Jain, Satarupa Rakshit and Ashwin Ram
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Zareena Begum Irfan: Associate Professor, Madras School of Economics
Divya Jain: Research Scholar, Madras School of Economics
Satarupa Rakshit: Research Scholar, Madras School of Economics
Ashwin Ram: Research Scholar, Madras School of Economics

Working Papers from Madras School of Economics,Chennai,India

Abstract: We find evidence for a day of the week calendar anomaly in Bitcoin returns and argue that not considering this anomaly results in a biased estimate of the market efficiency. Further, it also quantifies the degree of market inefficiency of Bitcoin over time using the methodology proposed by Ito and Sugiyama (2009) and found evidence in favor of very high degree of market inefficiency for the period spanning from July 2010 to January 2018. This result contradicts some of the recent studies that argue in favor of the market efficiency of Bitcoin

Keywords: urbanization; carbon emission; ecological modernization; energy consumption; economic expansion; human ecology; political economy (search for similar items in EconPapers)
JEL-codes: C01 O31 Q18 Q4 Q55 R21 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2018-04
New Economics Papers: this item is included in nep-ene and nep-env
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