Article ID Journal Published Year Pages File Type
5055395 Economic Modelling 2011 23 Pages PDF
Abstract
► We study the nonlinear adjustment between industrial production and carbon prices. ► Macroeconomic activity is found to affect carbon prices with a lag. ► Dynamics are captured by threshold vector error-correction and Markov-switching VAR.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Evaluating the carbon-macroeconomy relationship: Evidence from threshold vector error-correction and Markov-switching VAR models
Authors
,