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Purchasing Power Parity and the Efficient Markets: the Recent Empirical Evidence (open access)

Purchasing Power Parity and the Efficient Markets: the Recent Empirical Evidence

The purpose of the study is to empirically determine the relevance of PPP theory under the traditional arbitrage and the efficient markets (EPPP) frameworks during the recent floating period of the 1980s. Monthly data was collected for fifteen industrial nations from January 1980 to December 1986. The models tested included the short-run PPP, the long-run PPP, the EPPP, the EPPP with deviations from expectations, the forward rates as unbiased estimators of future spot rates, the EPPP and the forward rates, and the EPPP with forward rates and lagged values. A generalized regression method called Seemingly Unrelated Regression (SUR) was employed to test the models. The results support the efficient markets approach to PPP but fail to support the traditional PPP in both the short term and the long term. Moreover, the forward rates are poor and biased predictors of the future spot rates. The random walk hypothesis is generally supported.
Date: December 1988
Creator: Yuyuenyongwatana, Robert P. (Robert Privat)
Object Type: Thesis or Dissertation
System: The UNT Digital Library
Winds of Change: East Asia's Sustainable Energy Future (open access)

Winds of Change: East Asia's Sustainable Energy Future

This report outlines the strategic direction of the energy sector to meet its growing energy demand in an environmentally-sustainable manner over the next two decades, and presents a pathway of policy frameworks and financing mechanisms to get there. This study found that large-scale deployment of energy efficiency and low-carbon technologies can simultaneously stabilize East Asia’s CO2 emissions by 2025 and significantly improve the local environment and enhance energy security, without compromising economic growth.
Date: May 2010
Creator: World Bank
Object Type: Text
System: The UNT Digital Library
Global Trends in Sustainable Energy Investment 2010: Analysis of Trends and Issues in the Finacning (open access)

Global Trends in Sustainable Energy Investment 2010: Analysis of Trends and Issues in the Finacning

This report shows that in spite of the global economic downturn, investment in sustainable energy is still strong.
Date: 2010
Creator: United Nations Environment Programme
Object Type: Text
System: The UNT Digital Library
Policies to Change the World: Energy Sufficiency - Eight Policies towards the Sustainable Use of Energy (open access)

Policies to Change the World: Energy Sufficiency - Eight Policies towards the Sustainable Use of Energy

This booklet discusses how energy sufficiency is the best solution for reducing energy consumption and waste. It presents policies for reducing global energy consumption such as energy auditing, phasing out incandescent light bulbs, combined heat/cooling energy and power, carbon-negative cooking, smart metering, area road pricing, and other measures.
Date: 2009
Creator: Rohde, Anja & Bee, Hilmar
Object Type: Text
System: The UNT Digital Library