Artículo

A Wavelet Analysis of the Dynamic Connectedness among Oil Prices, Green Bonds, and CO2 Emissions

Resumen

Wavelet power spectrum (WPS) and wavelet coherence analyses (WCA) are used to examine the co-movements among oil prices, green bonds, and CO2 emissions on daily data from January 2014 to October 2022. The WPS results show that oil returns exhibit significant volatility at low and medium frequencies, particularly in 2014, 2019-2020, and 2022. Also, the Green Bond Index presents significant volatility at the end of 2019-2020 and the beginning of 2022 at low, medium, and high frequencies. Additionally, CO2 futures’ returns present high volatility at low and medium frequencies, expressly in 2015-2016, 2018, the end of 2019-2020, and 2022. WCA’s empirical findings reveal (i) that oil returns have a negative impact on the Green Bond Index in the medium term. (ii) There is a strong interdependence between oil prices and CO2 futures’ returns, in short, medium, and long terms, as inferred from the time-frequency analysis. (iii) There also is evidence of strong short, medium, and long terms co-movements between the Green Bond Index and CO2 futures’ returns, with the Green Bond Index leading.
Lan, Xiaopeng (57223994524); Feng, Mei (59296864200); Chen, Lili (59296864300); Zhang, Luchen (59296987500); Han, Chao (59297228700); Wang, Yizhen (59297228800); Zheng, Jilu (59296737700); Wang, Xiaoyan (59297228900); Liu, Chunlei (57201500890); Liu, Ranlu (56571735100)
Trends in research on nanomedicine in urologic cancer: a bibliometric and visualized analysis
2024
10.1007/s12672-024-01249-w
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85201936958&doi=10.1007%2fs12672-024-01249-w&partnerID=40&md5=981ecdec040a9b699a6c8e111ac17d5e
Department of Urology, Tianjin Medical University General Hospital, Tianjin, China; Department of Urology, Qingdao Central Hospital, University of Health and Rehabilitation Sciences, Qingdao, 266042, China
All Open Access; Gold Open Access
Scopus
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