In this study, the causal-effect between carbon dioxide emissions and forestry production and trade was investigated in Ghana by employing a data spanning from 1961 to 2014 by using the VECM and ARDL model. Evidence of the long-run equilibrium relationship in the VECM shows that, a 1% increase in veneer sheet production reduces carbon dioxide emissions by 1.47% in the long-run. There was eviden...

This paper provides a theoretical explanation for the heteroscedasticity of asset returns. In line with existing empirical results, our model yields an asymmetric relationship between stock return and volatility. Based on the simple assumptions that investors behave according to Prospect Theory and are subject to mental accounting in a dynamic setting, we analytically derive the unit-root versi...

زۆربەى لێکۆڵينەوەکان کە لە سەر ناوچەى ئاکرێ نووسراون زیاتر لایەنەکانى سیاسى و کارگێڕى سەربازى دەگرێتەوە, کاتێکدا بوارە گرنگەکانى ديكه‌ى ژیان فەرامۆش کراون، بە تایبەتى لایەنى ئابوورى نێویشيدا بوارى کشتوکاڵ زەورى زار، پەیوەندى راستەوخۆى لەگەڵ ژیانى مروڤدا هەیە, سەرەڕاى ئەمەش لەچاو کەمتر بایەخى پێ دراوە, بۆیە پێمان باش بوو لەسەر ئەم بابەتە بنووسين. ئامانجى سەرەکیشمان ئەوەیە بەم لێکۆڵینەوە لایەنێکى...

During the past decades, seasonal autoregressive integrated moving average (SARIMA) had become one of a prevalent linear models in time series and forecasting. Empirical research advocated that forecasting with non-linear can be an encouraging alternative to traditional models. Linear are often compared mixed conclusions terms superiority performance. Therefore, aim this study is build early wa...

An EGARCH model in which the conditional distribution is heavytailed and skewed is proposed. The properties of the model, including unconditional moments, autocorrelations and the asymptotic distribution of the maximum likelihood estimator, are obtained. Evidence for skewness in conditional t-distribution is found for a range of returns series and the model is shown to give a better fit than th...

As a versatile investment tool in energy markets for speculators and hedgers, the Goldman Sachs Commodity Index (GSCI) futures are quite well known. Therefore, this paper proposes a hybrid model incorporating ARCH family models and ANN model to forecast GSCI futures price. Empirical results show that the hybrid ARCH(1)-M-ANN model is superior to ARIMA, ARCH(1),GARCH(1,1), EGARCH(1,1) and ARIMA-...

The development process in financial markets give rise to the emergence of various instruments and cryptocurrencies, which are newest tools this process, trying integrate into system. Even though use crypto-currencies for investment speculation has increased, limited information on market leads high level volatility price return. Therefore, study aims analyze dynamics returns Bitcoin, is crypto...