Article
Business, Finance
Shaobo Long, Hao Tian, Zixuan Li
Summary: This study investigates the relationship between uncertainties and green bonds in the US, Europe, and China using a quantile VAR model-based connectedness approach. The findings indicate that the spillover effect is significantly higher under extreme market conditions compared to normal market conditions. Stock market uncertainty (VIX) and oil market uncertainty (OVX) have a greater impact on green bonds, particularly during extreme upward markets. The US is the primary transmitter of spillovers in other green bond markets, while China consistently receives spillovers. Additionally, the study reveals that the connectedness between green bonds and uncertainties is time-varying, and the spillover effects at extreme upper and lower quantiles are asymmetric and heterogeneous, especially during the early days of the COVID-19 pandemic.
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS
(2022)
Article
Environmental Studies
Walid Mensi, Abdel Razzaq Al Rababa'a, Mohammad Alomari, Xuan Vinh Vo, Sang Hoon Kang
Summary: This study examines the time-varying frequency spillovers and connectedness between U.S. sector stock markets and both crude oil and gold, and analyses their implications on portfolio management. The results show that the extent of spillover reduces when both gold and oil assets are added to sector portfolio. Furthermore, the connectedness among markets is heterogeneous and depends on time horizons and market conditions.
Article
Green & Sustainable Science & Technology
Afzol Husain, Kwang-Jing Yii, Chien-Chiang Lee
Summary: This paper examines the dynamic connectedness between green cryptocurrencies, green investment, conventional commodities, and equities, and investigates the effect of uncertainty on their co-movements. The findings suggest that green cryptocurrencies do not exhibit hedge or safe haven properties and are no different from diversifiers. Financial uncertainty significantly influences the interconnectedness between green cryptocurrencies and other assets, indicating increased exposure during market turmoil. Therefore, during financial distress, more emphasis should be placed on green bonds and gold rather than on green cryptocurrencies. Additionally, the study notes the similarities between green cryptocurrencies and conventional counterparts, suggesting that conventional cryptocurrencies could be used as proxies for green counterparts in portfolio management strategies.
JOURNAL OF CLEANER PRODUCTION
(2023)
Article
Physics, Multidisciplinary
Lei Hou, Yueling Pan
Summary: This study investigates the relationship between the volatility spillover network and the DCCA network of commodity future markets. The results show moderate agreement between the two networks, and centrality measures are able to identify key commodity futures involved in risk spillovers. The study also finds significant changes in the network structure during the COVID-19 pandemic, with increased interconnections between commodities from different categories and higher likelihood of cross-category risk spillovers.
FRONTIERS IN PHYSICS
(2022)
Article
Economics
Arshian Sharif, Mariem Brahim, Eyup Dogan, Panayiotis Tzeremes
Summary: This study examines the correlations and spillover relationships between green economy indices, black cryptocurrencies, and clean cryptocurrencies in the U.S., Euro, and Asian markets. The findings indicate that the linkage between green economy indices and clean cryptocurrencies is stronger than that between green economy indices and dirty cryptocurrencies. Additionally, clean cryptocurrencies show significant spillover effects during the COVID-19 pandemic, especially in Asia. These results are important for investors, regulators, policymakers, and cryptocurrency founders in their pursuit of financial integration and sustainable business development.
Article
Business, Finance
George Moratis
Summary: This study quantifies spillover effects in the cryptocurrency market, deepening the understanding of interconnections and shock transmission, while also revealing periods of risk integration.
FINANCE RESEARCH LETTERS
(2021)
Article
Economics
Jingpeng Li, Muhammad Umar, Jiale Huo
Summary: With the increasing severe pollution, the government and investors are showing great favor towards the new energy industry. This paper examines the return and volatility spillover effects between China's crude oil futures market and 7 Chinese green energy stock markets using different network connectedness methods. The findings suggest that the green energy stock market has the ability to dominate price changes in the crude oil market and the outbreak of COVID-19 in 2020 further strengthened this dominant role. Additionally, the volatility in the international energy market can enhance the dominant role of crude oil futures on the volatility of the green energy stock market.
Article
Business, Finance
Mobeen Ur Rehman, Xuan Vinh Vo, Hee-Un Ko, Nasir Ahmad, Sang Hoon Kang
Summary: This study investigates the static and dynamic connectedness between the conventional Chinese stock market and commodity futures (aluminum, gold, copper, steel rebar, natural rubber, and zinc). The results indicate that steel rebar and gold exhibit changes, while zinc and copper transmit changes across different quantiles. However, the spillover behavior of aluminum, natural rubber, and CSI 300 varies across quantiles. The findings have implications for investors who want to include a mix of Chinese conventional stocks and commodity futures in their portfolios and provide insights for investing under different market conditions.
RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE
(2023)
Article
Business, Finance
Elie Bouri, Brian Lucey, Tareq Saeed, Xuan Vinh Vo
Summary: The study reveals varying levels of volatility connectedness among different commodity futures, with strong and moderate levels of connectedness observed between energy and metals, as well as moderate connectedness levels within the group of agricultural commodities. Cross-commodity connectedness can explain a large portion of volatility connectedness in some cases.
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
(2021)
Article
Business, Finance
Aydin Aslan, Peter N. Posch
Summary: This study investigates the impact of the volatility of carbon emission allowance (EUA) prices on different sectors of the European stock market. The findings suggest that EUA prices acted as a net receiver of volatility and experienced significant volatility across various sectors during the recent European energy crisis.
FINANCE RESEARCH LETTERS
(2022)
Article
Environmental Sciences
Zhiguang Dai
Summary: This study analyzes the impact of digital finance on green bonds and clean energy sources. The findings suggest that increasing the utilization of renewable energy can reduce long-term environmental costs. However, the transition from renewable energy to digital finance is characterized by increasing instability and causal significance.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Business, Finance
Sanjeev Kumar, Reetika Jain, Faruk Narain, Faruk Balli, Mabruk Billah
Summary: Economic and political disorders have significant impacts on global economies. This study examines the relationship among commodities, crypto, and G20 capital markets during COVID-19 and the Russian-Ukraine geopolitical crisis. The research findings reveal a high level of connectedness during COVID-19, with EU, Canada, France, Germany, and the UK being the main suppliers of spillovers. During the geopolitical crisis, the US, Brazil, Saudi Arabia, Canada, Mexico, China, Indonesia, and Japan are the net receivers of volatility spillovers, while Russia, Germany, France, EU, Italy, UK, Argentina, India, Australia, Turkey, Korea, and South Africa are the net transmitters. This research provides insights for investment, hedging, and diversification decisions in turbulent situations.
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
(2023)
Article
Business, Finance
Yonghong Jiang, Zhiming Ao, Bin Mo
Summary: Based on the frequency spillover method extended by Barunik and Kr ˇehlik (2018), this study explores the risk spillover relationship between China's economic policy uncertainty (CNEPU) and commodity futures. The results show that the risk spillover mainly occurs in the short term. Economic policy uncertainty is more closely related to the commodity market during market boom and recession, acting as a risk transmitter. Soybeans, soybean meal, and corn show high investment value and are exposed to less risk spillover from policy uncertainty during market recovery. Finally, different economic crises have specific impacts on asymmetric risk spillovers based on certain impact mechanisms.
NORTH AMERICAN JOURNAL OF ECONOMICS AND FINANCE
(2023)
Article
Environmental Sciences
Jiahui Li, Haoshen Liang, Likun Ni
Summary: This research examines the impact of Bitcoins, uncertainty, and the China stock market on the shock spillover system. The results indicate that information is widely shared across markets during intense market circumstances, with the global green economy and clean energy markets being the primary sources of knowledge spillover in adverse market conditions. This study elucidates the asymmetrical influence of green products, Bitcoin, and market volatility in China.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Environmental Studies
Aswini Kumar Mishra, Kshitish Ghate
Summary: This study conducts a comprehensive analysis of return and volatility spillover dynamics between base metals in the Indian context. The results show that Zinc, Lead, and Nickel are the primary transmitters of disturbances, while Copper and Tin are the net receivers of return spillovers. In terms of volatility shocks, Tin, Aluminium, and Zinc are continuous net transmitters, while Nickel and Lead are the net receivers. The study reveals a definite and substantial level of interconnectedness and market risk within the base metal markets.
Article
Public, Environmental & Occupational Health
R. Khalfaoui, H. Nammouri, O. Labidi, S. Ben Jabeur
Summary: This paper examines the time-varying connectedness between COVID-19 vaccination, infection rate, case fatality ratio, and US stock market returns, revealing a positive and significant influence at most business cycle frequencies with an in-phase relation. It suggests that the US government should continue intervention with their vaccination strategy for economic recovery.
Article
Economics
Rabeh Khalfaoui, Aviral Kumar Tiwari, Sandrine Kablan, Shawkat Hammoudeh
Summary: The study explored the connectedness between the oil market and major precious metals, with a focus on the relationship between gold and oil. The findings have important implications for investors and policymakers in making investment decisions and formulating strategies.
Article
Operations Research & Management Science
Rabeh Khalfaoui, Sakiru Adebola Solarin, Adel Al-Qadasi, Sami Ben Jabeur
Summary: This study uses wavelet coherence and network analysis to examine the time-varying causal effect of the COVID-19 pandemic on oil price changes, stock market volatilities, and economic uncertainty in major oil-importing and oil-exporting countries. The findings show that the pandemic has a severe influence on oil prices, stock market indices, and economic uncertainty. The causality effect is stronger in the longer term, indicating its continuing impact. The study also reveals a mutual influence between the pandemic and oil price changes in importing and exporting countries.
ANNALS OF OPERATIONS RESEARCH
(2022)
Article
Environmental Sciences
Sami Ben Jabeur, Rabeh Khalfaoui, Wissal Ben Arfi
Summary: This study uses advanced machine learning to predict oil prices during the 2019 pandemic, showcasing the superiority of Random Forest and LightGBM models. Results indicate that high values of GER and ESG lead to lower crude oil prices, providing insights for investors and policymakers in promoting climate change mitigation and sustained economic prosperity through green energy resources.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2021)
Article
Social Sciences, Interdisciplinary
Ibrahim Mohamed Ali Ali, Imed Attiaoui, Rabeh Khalfaoui, Aviral Kumar Tiwari
Summary: The study found that the effects of urbanization and industrialization on income inequality vary between high-income and upper-middle income countries, with industrialization reducing inequality in high-income countries but increasing it in upper-middle income countries. Additionally, urbanization reduces inequality across all quantiles in low-middle income countries, while industrialization has no significant effect. These results suggest the need to consider income level differentials between countries when examining the distributional effects of urbanization and industrialization.
SOCIAL INDICATORS RESEARCH
(2022)
Article
Environmental Studies
Satish Kumar, Rabeh Khalfaoui, Aviral Kumar Tiwari
Summary: The study found that after controlling for geopolitical risk factors, there is significant quantile dependence between oil and stock markets at specific quantiles, with oil-exporting equity markets showing a stronger and more persistent response to oil shocks compared to oil-importing countries. Therefore, it is more suitable for international investors to construct portfolios of stocks in net oil-importing countries under geopolitical risk control.
Article
Environmental Studies
Rabeh Khalfaoui, Eduard Baumohl, Suleman Sarwar, Tomas Vyrost
Summary: The study found a low significant dependency between energy and nonenergy commodity markets across different frequencies and quantiles during the period from January 1960 to October 2019. Some nonenergy commodity markets were also found to have a neutral relationship with global energy commodity markets.
Article
Development Studies
Rabeh Khalfaoui, Aviral Kumar Tiwari, Usman Khalid, Muhammad Shahbaz
Summary: This study uses wavelet coherence analysis to revisit the relationship between carbon dioxide emissions and economic growth in G7 countries over two centuries. The findings show a cyclical relationship between carbon dioxide emissions and GDP per capita, as well as a bidirectional causality between the two variables.
JOURNAL OF ENVIRONMENTAL PLANNING AND MANAGEMENT
(2023)
Article
Hospitality, Leisure, Sport & Tourism
Rabeh Khalfaoui, Salma Mefteh-Wali, Ben Jabeur Sami, Aviral Kumar Tiwari
Summary: This study examines the time-frequency causal effect of the COVID-19 pandemic on the European tourism sector using wavelet coherence and phase difference framework. The results show that the COVID-19 outbreaks significantly impacted the European tourism sector, especially in the mid- and long-term. The transmission channel from the COVID-19 crisis to the European tourism sector decreases slowly as wavelet scales increase.
CURRENT ISSUES IN TOURISM
(2022)
Article
Business
Rabeh Khalfaoui, Nicolae Stef, Ben Arfi Wissal, Ben Jabeur Sami
Summary: This study examined the transmission and connectedness between green indexes related to clean energy, environmental preservation, and technological innovation, as well as the impact of economic news, the COVID-19 pandemic, and Twitter usage. The findings revealed both static and dynamic connectedness among the indexes, with strong connectedness observed between climate change indexes at extreme quantiles. The study also showed that technological innovation, the COVID-19 pandemic, and uncertainty had significant effects on climate change markets. The implications of these findings were discussed for environmental investors and policymakers.
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
(2022)
Article
Urban Studies
Rabeh Khalfaoui, Aviral Kumar Tiwari, Faisal Alqahtani, Shawkat Hammoudeh, Suleman Sarwar
Summary: The study demonstrates that there are fewer opportunities for portfolio diversification at higher time scales among the 69 Chinese investment indices, suggesting a simple security investment class at these scales. Further research with a larger sample size is recommended to investigate the empirical relationships for security investment indices, offering potential for Chinese investors to earn from portfolio diversification at lower time frequencies.
INTERNATIONAL JOURNAL OF HOUSING MARKETS AND ANALYSIS
(2021)
Article
Environmental Sciences
Aviral Kumar Tiwari, Rabeh Khalfaoui, Samir Saidi, Muhammad Shahbaz
ENVIRONMENTAL AND SUSTAINABILITY INDICATORS
(2020)
Article
Environmental Studies
Rabeh Khalfaoui, Hemachandra Padhan, Aviral Kumar Tiwari, Shawkat Hammoudeh
Article
Environmental Studies
Rabeh Khalfaoui, Suleman Sarwar, Aviral Kumar Tiwari
Article
Environmental Sciences
Elizabeth Alvarez-Chavez, Stephane Godbout, Mylene Genereux, Caroline Cote, Alain N. Rousseau, Sebastien Fournel
Summary: This study evaluated the effect of alternative filtering materials and bed aeration on the retention of nutrients and fecal bacteria in woodchip bedded stand-off pads for cows. The results showed that the alternative biofilters were more efficient in removing COD, SS, TN, and NO3-N, while conventional biofilters were more efficient for PO4-P removal. Aeration did not have a significant effect under the tested temperature conditions.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2024)
Article
Environmental Sciences
Yike Zhang, Zengyi Ma, Zhuoting Fang, Yuandong Qian, Zhiping Huang, Yilong Ye, Jianhua Yan
Summary: This study investigates the application of oxygen enrichment melting technology in the melting of municipal solid waste incineration fly ash. The results demonstrate that oxygen enrichment technology can reduce energy consumption and operating costs, as well as decrease pollution emissions.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2024)
Article
Environmental Sciences
Liangang Xiao, Mingkai Leng, Philip Greenwood, Rongqin Zhao, Zhixiang Xie, Zengtao You, Junguo Liu
Summary: This study investigates the effects of grazing exclusion on soil organic carbon (SOC) accumulation and vegetation recovery. It finds that grazing exclusion can increase the potential for SOC accumulation, and higher annual precipitation is positively correlated with SOC accumulation.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2024)
Article
Environmental Sciences
Beatrice Cantoni, Jessica Ianes, Beatrice Bertolo, Selena Ziccardi, Francesco Maffini, Manuela Antonelli
Summary: This study evaluates the performance of ozonation and adsorption as in-series processes compared to standalone processes for the removal of Contaminants of Emerging Concern (CECs) in drinking water. The combination of both processes proves to be more effective than adsorption and ozonation alone. Ozonation improves the adsorption performance of poorly-oxidizable CECs but worsens that of well-oxidizable compounds. This research highlights the importance of considering both processes in the removal of CECs in drinking water treatment plants.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2024)
Article
Environmental Sciences
Dan Li, Bingjun Liu, Yang Lu, Jianyu Fu
Summary: A new Standardized compound Drought and Saltwater intrusion Index (SDSI) was developed to detect changes in the severity of CDSEs in six estuaries. The study found that saltwater intrusion plays a dominant role in influencing SDSI severity, and CDSEs vary in frequency, duration and severity among different estuaries.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2024)
Article
Environmental Sciences
Yong-Qiang Li, Rui Sun, Chong-Miao Zhang, Zi-Xuan Liu, Rui-tao Chen, Jian Zhao, Hua-dong Gu, Huan-Cai Yin
Summary: In this study, an electron beam excitation multi-wavelength ultraviolet (EBE-MW-UV) system was established and found to have significantly higher microbial inactivation effects compared to single-wavelength UV-LEDs in water. Mechanism analysis revealed that EBE-MW-UV damaged microbial DNA and proteins, and generated additional reactive oxygen species, leading to microbial inactivation.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2024)
Article
Environmental Sciences
Kaili Ma, Xinxin Han, Qiujuan Li, Yu Kong, Qiaoli Liu, Xu Yan, Yahong Luo, Xiaopin Li, Huiyang Wen, Zhiguo Cao
Summary: This study reveals that the use of a tryptophan-degrading microbial consortium (TDC) can enhance the hydrolysis efficiency of waste activated sludge (WAS), increasing the yield and quality of short chain fatty acids (SCFAs) and improving the solubilization and release of organic substances from WAS.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2024)
Article
Environmental Sciences
Ling Xiong, Rui Li
Summary: Incorporating Ecosystem Service Value (ESV) into land use planning can provide informed land management decisions. This study evaluates the ESV of Guizhou Province in China's karst region. The results show an increase in total ESV over the past two decades due to ecological restoration projects.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2024)
Article
Environmental Sciences
M. Geetha Jenifel
Summary: This article discusses the importance of water and the pollution of freshwater resources, and introduces the use of machine learning models and blockchain technology to predict and protect water quality.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2024)
Article
Environmental Sciences
Stanslaus Terengia Materu, Taotao Chen, Chang Liu, Daocai Chi, Meng Jun
Summary: The study showed that H2SO4-modified biochar can reduce P leaching, increase soil available P, and enhance plant P uptake in alternate wetting and drying irrigation systems. Biochar additions B20A and IAWDB20A-M were effective in improving yield, reducing P leaching, and increasing APB.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2024)
Article
Environmental Sciences
Amir Nouri, Ali Akbar Zinatizadeh, Sirus Zinadini, Mark Van Loosdrecht
Summary: This study focuses on the development of an air-lift bio-electrochemical reactor (ALBER) with a continuous feeding regime to enhance nitrogen removal from synthetic wastewater. The effect of temperature, hydraulic retention time (HRT), N -NH+4 /TN ratio, and current density on the reactor performance was investigated, and the ALBER achieved a maximum TN removal of 73%. The results suggest that the ALBER has potential for treating industrial wastewater at low temperatures.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2024)
Article
Environmental Sciences
Peifang Wang, Guoxiang You, Yang Gao, Juan Chen, Xun Wang, Chao Wang
Summary: This study investigated the ecological processes of microbial communities and N- and P-transformation processes in multistage agricultural drainage ditches. The results showed that the microbial communities were co-shaped by agricultural practices and ditch size, which further governed the N and P removal performance.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2024)
Article
Environmental Sciences
Xiaofeng Niu, Huan Wang, Tao Wang, Peiyu Zhang, Huan Zhang, Hongxia Wang, Xianghong Kong, Songguang Xie, Jun Xu
Summary: Microorganisms play a critical role in maintaining ecosystem balance, and environmental stressors can affect the assembly processes of microbial communities. The study found that different stressors have opposite effects on microbial community assembly in water and sediment, and warming has different influences compared to herbicides and nutrients.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2024)
Article
Environmental Sciences
Yuqing Tan, Qiming Cheng, Fengwei Lyu, Fei Liu, Linhao Liu, Yihong Su, Shaochun Yuan, Wenyu Xiao, Zhen Liu, Yao Chen
Summary: The exacerbation of global warming, extreme weather events, and rapid urbanization have led to increased flooding in urban areas. China has adopted sponge city as an efficient means of preventing and controlling urban floods. Using a SWMM-FVCOM model, the hydrological reduction and control effect of sponge city construction (SPCC) within a university campus were evaluated. The study found that implementing SPCC effectively mitigates surface runoff and reduces the severity of urban flooding. However, the efficacy of runoff control decreases with longer rainfall return periods.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2024)
Article
Environmental Sciences
Zhonghan Chen, Qiuyan Li, Shibo Yan, Juan Xu, Qiaoyun Lin, Zhuangming Zhao, Ziying He
Summary: Tidal rivers are important biochemical reaction channels, receiving carbon from wastewater and agricultural drains, affecting CO2 emissions. Through modeling and data analysis, researchers explored carbon distribution, emissions, and greenhouse effects, emphasizing the potential of river management to change global CO2 emissions under climate change.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2024)