ASYMMETRIC PANEL CAUSALITY TEST WITH AN APPLICATION TO THE IMPACT OF CLIMATE CHANGE ON FINANCIAL RISK

Basit Öğe Kaydı
dc.contributor.authorKurt, Ünzüle
dc.contributor.authorBalan, Feyza
dc.date.accessioned2025-05-29T05:20:50Z
dc.date.available2025-05-29T05:20:50Z
dc.date.issued2019
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractClimate change which caused to dramatic economic impact is a key issue for the world in the 21st century. Using data for Portugal, Ireland, Italy and Spain (PIIGS) countries over the years 1990-2009, this study investigates the causal relationship from climate change to financial risk/stability via Hatemi-J asymmetric causality test that separates positive and negative shocks in analysis. As a result of this study, both positive and negative shocks existed for Ireland, causality from climate change to financial risk emerged for Spain in only negative shocks. In addition, the results showed that a positive shock in climate change cause a negative shock in financial stability. In the cases of Greece and Portugal none of the causal relationships cannot be proved
dc.description.abstractClimate change which caused to dramatic economic impact is a key issue for the world in the 21st century. Using data for Portugal, Ireland, Italy and Spain (PIIGS) countries over the years 1990-2009, this study investigates the causal relationship from climate change to financial risk/stability via Hatemi-J asymmetric causality test that separates positive and negative shocks in analysis. As a result of this study, both positive and negative shocks existed for Ireland, causality from climate change to financial risk emerged for Spain in only negative shocks. In addition, the results showed that a positive shock in climate change cause a negative shock in financial stability. In the cases of Greece and Portugal none of the causal relationships cannot be proved.
dc.identifier.doi10.15637/jlecon.6.001
dc.identifier.issn2148-4139
dc.identifier.issue1
dc.identifier.startpage10-Jan
dc.identifier.urihttps://doi.org/10.15637/jlecon.6.001
dc.identifier.urihttps://hdl.handle.net/20.500.12428/30383
dc.identifier.volume6
dc.language.isoen
dc.publisherRating Academy
dc.relation.ispartofJournal of Life Economics
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_DergiPark_20250529
dc.subjectasymmetric panel causality test
dc.subjectclimate change
dc.subjectfinancial risk
dc.titleASYMMETRIC PANEL CAUSALITY TEST WITH AN APPLICATION TO THE IMPACT OF CLIMATE CHANGE ON FINANCIAL RISK
dc.typeResearch Article

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