Integrating the Role of Green Fiscal Policies With Energy Prices Volatility and Energy Efficiency: Presenting a COVID-19 Perspective
Energy and other related sectors are changing in China. This study attempted to estimate the energy product price volatility with energy efficiency during COVID-19 with the role of green fiscal policies. For this, we applied unit-root tests, ADCC-GARCH, and CO-GARCH techniques to infer the study fin...
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2022-04-01
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| Series: | Frontiers in Energy Research |
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| Online Access: | https://www.frontiersin.org/articles/10.3389/fenrg.2021.838307/full |
| _version_ | 1818141371455766528 |
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| author | Qingyan Yin Muhammad Khalid Anser Shujaat Abbas Shujaat Abbas Junaid Ashraf Munir Ahmad Junaid Jamshid Romanus Osabohien Romanus Osabohien |
| author_facet | Qingyan Yin Muhammad Khalid Anser Shujaat Abbas Shujaat Abbas Junaid Ashraf Munir Ahmad Junaid Jamshid Romanus Osabohien Romanus Osabohien |
| author_sort | Qingyan Yin |
| collection | DOAJ |
| description | Energy and other related sectors are changing in China. This study attempted to estimate the energy product price volatility with energy efficiency during COVID-19 with the role of green fiscal policies. For this, we applied unit-root tests, ADCC-GARCH, and CO-GARCH techniques to infer the study findings. The results showed that energy price volatility was significantly connected until 2018. More so, the green fiscal policies were significantly connected between energy product price volatility and energy efficiency during COVID-19 (2019–2020). From energy products, the crude oil price volatility was significant at 16.4%, heating oil volatility was significant at 18.2%, natural oil price volatility was 9.7%, gasoline price volatility was 28.7%, and diesel price volatility was 34.1% significant with energy efficiency, due to the intervening role of green fiscal policies. The findings of this study are robust in comparison to previous studies. Multiple stakeholders can take guidelines from the findings of the recent study. As per our best understanding and knowledge, if suggested recommendations are implemented effectively, these results will help to enhance energy efficiency through green fiscal policies in the post-COVID period. |
| first_indexed | 2024-12-11T10:58:49Z |
| format | Article |
| id | doaj.art-5a9638c12dfd481b88ae8c0c46a29afd |
| institution | Directory Open Access Journal |
| issn | 2296-598X |
| language | English |
| last_indexed | 2024-12-11T10:58:49Z |
| publishDate | 2022-04-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Energy Research |
| spelling | doaj.art-5a9638c12dfd481b88ae8c0c46a29afd2022-12-22T01:09:57ZengFrontiers Media S.A.Frontiers in Energy Research2296-598X2022-04-01910.3389/fenrg.2021.838307838307Integrating the Role of Green Fiscal Policies With Energy Prices Volatility and Energy Efficiency: Presenting a COVID-19 PerspectiveQingyan Yin0Muhammad Khalid Anser1Shujaat Abbas2Shujaat Abbas3Junaid Ashraf4Munir Ahmad5Junaid Jamshid6Romanus Osabohien7Romanus Osabohien8School of Science, Xi’an University of Architecture and Technology, Xi’an, ChinaSchool of Public Administration, Xi’an University of Architecture and Technology, Xi’an, ChinaGraduate School of Economics and Management, Ural Federal University, Ekaterinburg, RussiaDepartment of Economics, Institute of Business Management, Karachi, PakistanSchool of Statistics, Jiangxi University of Finance and Economic, Nanchang, ChinaSchool of Economics, Zhejiang University, Hangzhou, ChinaDepartment of Computer Science, ILMA University, Karachi, PakistanDepartment of Economics and Development Studies, Covenant University, Ota, NigeriaHonorary Research Fellow, ILMA University, Karachi, PakistanEnergy and other related sectors are changing in China. This study attempted to estimate the energy product price volatility with energy efficiency during COVID-19 with the role of green fiscal policies. For this, we applied unit-root tests, ADCC-GARCH, and CO-GARCH techniques to infer the study findings. The results showed that energy price volatility was significantly connected until 2018. More so, the green fiscal policies were significantly connected between energy product price volatility and energy efficiency during COVID-19 (2019–2020). From energy products, the crude oil price volatility was significant at 16.4%, heating oil volatility was significant at 18.2%, natural oil price volatility was 9.7%, gasoline price volatility was 28.7%, and diesel price volatility was 34.1% significant with energy efficiency, due to the intervening role of green fiscal policies. The findings of this study are robust in comparison to previous studies. Multiple stakeholders can take guidelines from the findings of the recent study. As per our best understanding and knowledge, if suggested recommendations are implemented effectively, these results will help to enhance energy efficiency through green fiscal policies in the post-COVID period.https://www.frontiersin.org/articles/10.3389/fenrg.2021.838307/fullCOVID—19energy consumptionenergy efficiecyprice volatilityenergy productsgreen fiscal policies |
| spellingShingle | Qingyan Yin Muhammad Khalid Anser Shujaat Abbas Shujaat Abbas Junaid Ashraf Munir Ahmad Junaid Jamshid Romanus Osabohien Romanus Osabohien Integrating the Role of Green Fiscal Policies With Energy Prices Volatility and Energy Efficiency: Presenting a COVID-19 Perspective Frontiers in Energy Research COVID—19 energy consumption energy efficiecy price volatility energy products green fiscal policies |
| title | Integrating the Role of Green Fiscal Policies With Energy Prices Volatility and Energy Efficiency: Presenting a COVID-19 Perspective |
| title_full | Integrating the Role of Green Fiscal Policies With Energy Prices Volatility and Energy Efficiency: Presenting a COVID-19 Perspective |
| title_fullStr | Integrating the Role of Green Fiscal Policies With Energy Prices Volatility and Energy Efficiency: Presenting a COVID-19 Perspective |
| title_full_unstemmed | Integrating the Role of Green Fiscal Policies With Energy Prices Volatility and Energy Efficiency: Presenting a COVID-19 Perspective |
| title_short | Integrating the Role of Green Fiscal Policies With Energy Prices Volatility and Energy Efficiency: Presenting a COVID-19 Perspective |
| title_sort | integrating the role of green fiscal policies with energy prices volatility and energy efficiency presenting a covid 19 perspective |
| topic | COVID—19 energy consumption energy efficiecy price volatility energy products green fiscal policies |
| url | https://www.frontiersin.org/articles/10.3389/fenrg.2021.838307/full |
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