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Showing papers on "Spillover effect published in 2019"


Journal ArticleDOI
01 Apr 2019
TL;DR: This article examined evidence for spillover using a meta-analysis of interventions and found that positive spillover was most likely when interventions targeted intrinsic motivation and when PEB1 and PEB2 were similar.
Abstract: When people engage in a first pro-environmental behaviour (PEB1; for example, conserving energy at home), are they more or less likely (positive and negative spillover, respectively) to engage in other pro-environmental behaviours (‘PEB2’; for example, conserving water at home)? We examined evidence for spillover using a meta-analysis of interventions. We coded 22 studies and unpublished data that fulfilled the following criteria: used experimental or quasi-experimental design, showed change in a PEB1 and measured at least one PEB2. Analysis of the 77 effect sizes found in these studies showed that the overall spillover from a PEB1 was positive, though small, on the intention to perform a PEB2 (pooled mean effect size estimate d+ = 0.17). However, the spillover effect was negative and small for actual behaviour (d+ = −0.03) and policy support (d+ = −0.01) for PEB2. Positive spillover was most likely when interventions targeted intrinsic motivation and when PEB1 and PEB2 were similar. Future research in the area should target and measure spillover processes, collect larger samples and statistically test for spillover in more consistent ways. An environmentally friendly behaviour is more likely to motivate a second such behaviour when both actions are similar and when the first behaviour is intrinsically motivated, according to a review of the literature.

148 citations


Journal ArticleDOI
TL;DR: In this article, the authors investigated the dynamic directional information spillover of return and volatility between the fossil energy market, investor sentiment towards renewable energy and the renewable energy stock market using the connectedness network approach.

146 citations


Journal ArticleDOI
TL;DR: In this article, the authors used a new spillover directional measure and asymmetric spillover measures to investigate the dynamic asymmetric volatility spillover between oil and stock markets during the period of 2007 to 2016.

141 citations


Journal ArticleDOI
TL;DR: In this article, the dynamic dependence between WTI crude oil and the exchange rates of the United States and China, taking structural changes of dependence into account by using six time-varying copula models, is analyzed.

134 citations


Journal ArticleDOI
TL;DR: The authors examined the frequency dynamics of volatility spillovers between crude oil and China's stock markets in a spectral representation framework of generalized forecast error variance decomposition using sectoral stock indices data and found evidence of total volatility spillover driven mainly by short-term spillovers.

124 citations


Journal ArticleDOI
TL;DR: In this article, the authors identify empirical evidence concerning the public policy strategies introduced to support diffusion of environmentally friendly technologies and advocate that public subsidies alone are not sufficient enough to deliver desired outcomes; implementation of a coherent policy mix is critical to achieve sustainable economic growth.

113 citations


Journal ArticleDOI
TL;DR: In this article, the authors proposed a model for utilization of the tax revenue spillover of green energy supply by returning the portion of it to green energy projects in order to increase their rate of return.

112 citations


Journal ArticleDOI
Yang Zhou1, Ying Kong1, Ying Kong2, Jie Sha1, Hankun Wang1 
TL;DR: It is shown that most cites in Bohai Rim have high-high, low-low aggregation characteristics and the economic effects of per capita GDP, industrial structure upgrades on eco-efficiency are determined according to a spatial Durbin model.

110 citations


Journal ArticleDOI
TL;DR: In this article, the formation of residents' support for sustainable tourism development based on the social exchange theory and bottom-up spillover theory was examined, and a self-administered survey along with...
Abstract: This study examined the formation of residents’ support for sustainable tourism development based on the social exchange theory and bottom-up spillover theory. A self-administered survey along with...

107 citations


Journal ArticleDOI
TL;DR: This work uses a multiregional input-output model in combination with an atmospheric chemical transport model to simulate clean air policy scenarios and evaluates their environmental impacts on primary PM2.5 and secondary precursor emissions, as well as CO2 emissions and water consumption, in the target region and spillover effects to other regions.
Abstract: China has enacted a number of ambitious pollution control policies to mitigate air pollution in urban areas. Unintended side effects of these policies to other environmental policy arenas and regions have largely been ignored. To bridge this gap, we use a multiregional input-output model in combination with an atmospheric chemical transport model to simulate clean air policy scenarios and evaluate their environmental impacts on primary PM2.5 and secondary precursor emissions, as well as CO2 emissions and water consumption, in the target region and spillover effects to other regions. Our results show that the reduction in primary PM2.5 and secondary precursor emissions in the target regions comes at the cost of increasing emissions especially in neighboring provinces. Similarly, co-benefits of lower CO2 emissions and reduced water consumption in the target region are achieved at the expense of higher impacts elsewhere, through outsourcing production to less developed regions in China.

106 citations


Journal ArticleDOI
TL;DR: In this article, the authors explored the spatio-temporal change and spatial dependence pattern of PM2.5 concentrations in the Beijing-Tianjin-Hebei Urban agglomeration of China.

Journal ArticleDOI
TL;DR: In this paper, the authors investigate the connectedness among crude oil prices, stock index and metal prices covering the period of 1990M1-2017M3 for US economy applying time domain Spillover Index framework by Diebold and Yilmaz.

Journal ArticleDOI
TL;DR: In this article, the authors extend the prior literature on market connectedness and spillover by quantifying the size of return connectedness across markets (assets) applying the network spillover methodology, they perform both static and dynamic analyses to quantify the net spillover shock transmission from one market to another market (stock, bond, currency, and commodities) from December 1999 to June 2016 Thus, they measure the net pairwise spillover and assess the net directional connectedness for each market (asset class)

ReportDOI
TL;DR: This paper showed that monetary policy divergence vis-a-vis the U.S. has larger spillover effects in emerging markets than advanced economies, and that emerging markets' monetary policy actions designed to limit exchange rate volatility can be counterproductive.
Abstract: I show that monetary policy divergence vis-a-vis the U.S. has larger spillover effects in emerging markets than advanced economies. The monetary policy of the U.S. affects domestic credit costs in other countries through its effect on global investors’ risk perceptions. Capital flows in and out of emerging market economies are particularly sensitive to fluctuations in such risk perceptions and have a direct effect on local credit spreads. Domestic monetary policy is ineffective in mitigating this effect as the pass-through of policy rate changes into short-term interest rates is imperfect. This disconnect between short rates and monetary policy rates is explained by changes in risk perceptions. A key policy implication of my findings is that emerging markets’ monetary policy actions designed to limit exchange rate volatility can be counterproductive. Institutional subscribers to the NBER working paper series, and residents of developing countries may download this paper without additional charge at www.nber.org.

Journal ArticleDOI
TL;DR: In this paper, the authors explore the effect of horizontal technology spillover on SMEs for international growth and propose quantitative metrics such as technology upgrading, knowledge spillover, and technology transfer to explore this effect in Chinese market.

Journal ArticleDOI
TL;DR: In this paper, the authors introduced a comprehensive and accurate systematic approach to tourism demand analysis, based on a Bayesian global vector model, which can capture the spillover effect of international tourism demand in this region.
Abstract: Increasing levels of global and regional integration have led to tourist flows between countries becoming closely linked. These links should be considered when modeling and forecasting international tourism demand within a region. This study introduces a comprehensive and accurate systematic approach to tourism demand analysis, based on a Bayesian global vector autoregressive (BGVAR) model. An empirical study of international tourist flows in nine countries in Southeast Asia demonstrates the ability of the BGVAR model to capture the spillover effects of international tourism demand in this region. The study provides clear evidence that the BGVAR model consistently outperforms three other alternative VAR model versions throughout one- to four-quarters-ahead forecasting horizons. The potential of the BGVAR model in future applications is demonstrated by its superiority in both modeling and forecasting tourism demand.

Journal ArticleDOI
TL;DR: In this paper, the authors examined the possible causal effect of U.S. economic policy uncertainty on the connectedness of crude oil and currency markets, using a sample of commodity currencies from advanced and emerging nations.

Journal ArticleDOI
TL;DR: In this article, the effects of green R&D cooperation on the economic, environmental and social performances of the supply chain while simultaneously considering the technological spillover and supply chain power relationship were evaluated.

Journal ArticleDOI
TL;DR: Here, it is demonstrated how interventions that target the ecological context in which spillover occurs (i.e. ecological interventions) can complement conventional approaches like vaccination, treatment, disinfection and chemical control.
Abstract: Spillover of a pathogen from a wildlife reservoir into a human or livestock host requires the pathogen to overcome a hierarchical series of barriers. Interventions aimed at one or more of these barriers may be able to prevent the occurrence of spillover. Here, we demonstrate how interventions that target the ecological context in which spillover occurs (i.e. ecological interventions) can complement conventional approaches like vaccination, treatment, disinfection and chemical control. Accelerating spillover owing to environmental change requires effective, affordable, durable and scalable solutions that fully harness the complex processes involved in cross-species pathogen spillover. This article is part of the theme issue 'Dynamic and integrative approaches to understanding pathogen spillover'.

Journal ArticleDOI
TL;DR: In this article, the authors study time and frequency connectedness among commodity uncertainty indexes and find that overall connectedness increases during the global financial crisis (GFC) and the oil price collapse of 2014-16.

Journal ArticleDOI
TL;DR: Wang et al. as mentioned in this paper examined the influence of economic development and the industrial structure on carbon emissions by exploring the spatial agglomeration and spillover effects of high-tech industry, economic growth, FDI, population and carbon emissions based on spatial correlation.

Journal ArticleDOI
TL;DR: Wang et al. as mentioned in this paper used spatial regression partial differential method to test the resource curse hypothesis to reveal the relationship between China's economic growth and natural resources with new features in recent era of globalization.

Journal ArticleDOI
TL;DR: Zhang et al. as discussed by the authors investigated the influence of industrial restructuring on haze pollution and its spatial spillover effects using a semi-parametric global vector autoregressive model (SGVAR) and the environmental Kuznets curve.

Journal ArticleDOI
TL;DR: In this article, the information spillover between carbon price returns and 18 top European electricity companies' stock returns using a connectedness network approach was investigated. And the authors showed that there is strong information interdependence between carbon prices and electricity stock returns, as evidenced by a high total connectedness index.

Journal ArticleDOI
TL;DR: This paper investigated the risk spillover effect between oil and stock markets using a novel multivariate quantile model (i.e., the VAR for VaR approach) and pseudo impulse-response functions.

Journal ArticleDOI
TL;DR: Zhang et al. as mentioned in this paper investigated the existence of energy intensity convergence while incorporating foreign direct investment (FDI) and found that the spillover effect of FDI plays an important role in this formation.

Journal ArticleDOI
TL;DR: Wang et al. as mentioned in this paper adopted kernel density estimation, spatial autocorrelation, spatial Markov chain, and panel quantile regression methods to analyze spatial spillover effects and driving factors of carbon emission intensity in 283 Chinese cities from 1992 to 2013.
Abstract: In this study, we adopt kernel density estimation, spatial autocorrelation, spatial Markov chain, and panel quantile regression methods to analyze spatial spillover effects and driving factors of carbon emission intensity in 283 Chinese cities from 1992 to 2013. The following results were obtained. (1) Nuclear density estimation shows that the overall average carbon intensity of cities in China has decreased, with differences gradually narrowing. (2) The spatial autocorrelation Moran’s I index indicates significant spatial agglomeration of carbon emission intensity is gradually increasing; however, differences between regions have remained stable. (3) Spatial Markov chain analysis shows a Matthew effect in China’s urban carbon emission intensity. In addition, low-intensity and high-intensity cities characteristically maintain their initial state during the transition period. Furthermore, there is a clear “Spatial Spillover” effect in urban carbon emission intensity and there is heterogeneity in the spillover effect in different regional contexts; that is, if a city is near a city with low carbon emission intensity, the carbon emission intensity of the first city has a higher probability of upward transfer, and vice versa. (4) Panel quantile results indicate that in cities with low carbon emission intensity, economic growth, technological progress, and appropriate population density play an important role in reducing emissions. In addition, foreign investment intensity and traffic emissions are the main factors that increase carbon emission intensity. In cities with high carbon intensity, population density is an important emission reduction factor, and technological progress has no significant effect. In contrast, industrial emissions, extensive capital investment, and urban land expansion are the main factors driving the increase in carbon intensity.

Journal ArticleDOI
TL;DR: In this article, the sign and the magnitude of the impact Foreign Direct Investment (FDI) inflowing in the manufacturing sector of the countries from the Organisation for Economic Co-operation and Development (OECD) exerts on the environment and, specifically, on the amount of CO2 from sectoral fuel combustion.

Journal ArticleDOI
TL;DR: In this article, the authors investigated the effects of technological factors, including indigenous research and development (R&D) investments, technology spillovers coming from foreign direct investments, export, and import, on China's total factor productivity (TFP).

Journal ArticleDOI
01 Apr 2019-Energy
TL;DR: In this article, the authors applied a VAR(1)-DCC-GARCH(1,1) model to the coal market and the stock market of new energy companies (NEC).