Are exports and imports of India’s trading partners cointegrated? Evidence from Fourier bootstrap ARDL procedure

Kathuria, Khyati; Kumar, Nand

doi:10.1007/s00181-021-02061-z

Cited by 7 publications

(2 citation statements)

References 43 publications

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“…The Fourier ARDL method has been used in some recent studies. 38,[63][64][65][66] On the one hand, none of these studies analyzed the impact of ECX on environmental degradation. On the other hand, studies that test the ECX-environmental degradation relationship without including structural breaks may lead to erroneous policy conclusions.…”

Section: Related Literaturementioning

confidence: 99%

Investigating the environmental Kuznets curve in the five most complex countries: Insights from a modified ecological footprint model

Pata

Hızarcı

2022

Energy & Environment

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Several researchers have focused on the environmental Kuznets curve (EKC) hypothesis to analyze environmental degradation using carbon dioxide (CO2) emissions and ecological footprint as dependent variables. However, analyzes based on these variables neglect the supply side of environmental sustainability. To address this shortcoming, this study aims to examine the determinants of the ecological footprint pressure index (EFPI) in the context of the EKC hypothesis. The EFPI provides a more detailed picture of environmental issues by considering both ecological footprint and biocapacity. Thus, the study aims to add scientific value to the existing literature by analyzing the EFPI under the EKC hypothesis for the first time. Building on this, our research investigates the effects of economic complexity (ECX), per capita income, and renewable energy consumption (REC) on the EFPI by adopting a novel econometric approach. The results of the Fourier autoregressive distributed lag (ARDL) method show a cointegration relationship between income, ECX, renewable energy and EFPI in Germany, Switzerland and Sweden. The long-term elasticities indicate that ECX reduces the EFPI in Germany and Switzerland, while renewable energy mitigates environmental pressure in Switzerland and Sweden. Our findings also confirm the validity of the EKC hypothesis for Germany and Sweden. Based on these findings, the study suggests that ECX, renewable energy and economic growth can all be used as policy instruments to reduce environmental pressure in the three member states of the European Union.

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Section: Related Literaturementioning

confidence: 99%

Investigating the environmental Kuznets curve in the five most complex countries: Insights from a modified ecological footprint model

Pata

Hızarcı

2022

Energy & Environment

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“…Evidence suggests that if 𝑛 is too large, it may lead to over-fitting problem (Kathuria & Kumar, 2022;Nazlioglu et al, 2016). Pata (2019) encouraged using a single frequency to overcome this problem.…”

Section: Econometric Proceduresmentioning

confidence: 99%

The moderating role of corruption in the oil price-economic growth relationship in an oil-dependent economy: Evidence from Bootstrap ARDL with a Fourier Function

David,

Abu,

Owolabi

2024

Preprint

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This study employs the recently proposed bootstrap autoregressive distributed lag (ARDL) model augmented with a Fourier function and the dynamic ARDL simulation procedures to examine whether the oil price-economic growth relationship is dependent on the level of corruption in an oil-dependent economy. Using Nigerian quarterly data during the 1996Q1-2021Q4 period, the results of the bounds-testing present evidence for cointegration between the variables. In addition, the results indicate that oil price and corruption are growth-enhancing, but the effect of oil price on growth is contingent on the level of corruption. Moreover, evidence suggests that the marginal effect of oil price on economic growth varies with the level of corruption; the lower the level of corruption, the higher the growth-enhancing effect of oil price on economic growth, and vice versa. The dynamic ARDL simulations plots demonstrate the significant increase (decrease) in predicted growth in the short-term due to a counterfactual rise in the price of oil price (corruption), which gradually deflates (increase) after the shock in the long-term. Therefore, policies geared toward diversifying the economy away from oil, reducing corruption in the oil and gas industry and the security sector, improving agricultural output, and reducing unemployment rate are recommended to enhance growth. JEL Classification: C15, C22, O4, O43, O13

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Does the current account balance influence foreign direct investment in the Indian economy? Application of quantile regression model

Rahman¹

2023

SN Bus Econ

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Are exports and imports of India’s trading partners cointegrated? Evidence from Fourier bootstrap ARDL procedure

Cited by 7 publications

References 43 publications

Investigating the environmental Kuznets curve in the five most complex countries: Insights from a modified ecological footprint model

Investigating the environmental Kuznets curve in the five most complex countries: Insights from a modified ecological footprint model

The moderating role of corruption in the oil price-economic growth relationship in an oil-dependent economy: Evidence from Bootstrap ARDL with a Fourier Function

Does the current account balance influence foreign direct investment in the Indian economy? Application of quantile regression model

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