Modeling Oil shocks-Green Investments Nexus - A Global Evidence Based on Wavelet Coherence Technique

Jamiu Badmus, Sodiq Bisiriyu and Oluwadamilola Alawode ()
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Oluwadamilola Alawode: Department of Economics, Tai Solarin University of Education

Energy RESEARCH LETTERS, 2023, vol. 4, issue 2, 1-5

Abstract: This study investigates the interdependence between oil shocks and green investments over time and frequency domains. Using the wavelet coherence approach, our results show evidence of bidirectional causality between all the variants of oil shocks and green investments around the global financial crisis and the 2014-2016 oil crisis. Economic activity shocks significantly Granger-cause green investments during the COVID-19 pandemic.

Keywords: : Oil shocks; Green investments; Wavelet coherence (search for similar items in EconPapers)
JEL-codes: C32 G12 G15 (search for similar items in EconPapers)
Date: 2023
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