Search results

This study aims to assess the nexus among oil price (OP), renewable energy consumption (REC) and trade balance (TB) for India using annual time series data for the time period 1985–2019. In particular, the authors examine whether REC improves India's TB in the context of high oil import dependence.

The study uses autoregressive distributed lags (ARDL) bound testing approach that has the advantage of yielding estimates of long-run and short-run parameters simultaneously. Moreover, the small sample properties of this approach are superior to other multivariate cointegration techniques. Fully modified ordinary least square (FMOLS) and dynamic ordinary least squares (DOLS) are also applied to test the robustness of the results. The causality among the series is investigated through block exogeneity test based on vector error correction model.

The findings based on ARDL bounds testing approach indicate that OPs exert a negative impact on TB of India in both long run and short run, whereas REC has a favorable impact on the TB. In particular, 1% increase in OPs decreases TBs by 0.003% and a 1% increase in REC improves TB by 0.011%. The results of FMOLS and DOLS corroborate the findings from ARDL estimates. The results of block exogeneity test suggest unidirectional causation from OPs to TB; OPs to REC and REC to TB.

The study underscore the importance of renewable energy as a potential tool to curtail trade deficits in the context of Indian economy. Our results suggest that the policymakers must pay attention to the hindrances in augmentation of renewable energy usage and try to capitalize on the resulting gains for the TB.

Climate change is a major challenge for developing countries like India. Renewable energy sector is considered an important instrument toward attaining the twin objectives of environmental sustainability and employment generation. This study underscores another role of REC as a tool to achieve a sustainable trade position, which may help India save her valuable forex reserves for broader objectives of economic development.

To the best of the authors’ knowledge, this is the first study that probes the dynamic nexus among OPs, REC and TB in Indian context. From a policy standpoint, the study underscores the importance of renewable energy as a potential tool to curtail trade deficits in context of India. From a theoretical perspective, the study extends the literature on the determinants of TB by identifying the role of REC in shaping TB.

This paper aims to examine the comovement among green bonds, energy commodities and stock market to determine the advantages of adding green bonds to a diversified portfolio.

Generic 1 Natural Gas and Energy Select SPDR Fund are used as proxies to measure energy commodities, bonds index of S&P Dow Jones and Bloomberg Barclays MSCI are used to represent green bonds and the New York Stock Exchange is considered to measure the stock market. Granger causality test, wavelet analysis and network analysis are applied to daily price for the select markets from August 26, 2014, to March 30, 2021.

Results from the Granger causality test indicate no causality between any pair of variables, while cross wavelet transform and wavelet coherence analysis confirm strong coherence at a high scale during the pandemic, validating comovement among the three asset classes. In addition, network analysis further corroborates this connectedness, implying a strong association of the stock market with the energy commodity market.

This study offers new evidence of the temporal association among the US stock market, energy commodities and green bonds during the COVID-19 crisis. It presents a novel approach that measures and evaluates comovement among the constituent series, simultaneously using both wavelet and network analysis.

This research lies in the domain of Vedic mathematics, and it explores the application of the related Vedic sutras in different branches of mathematics, science, education, and engineering across Asia and Europe.

The study embraced a qualitative research design followed by a systematic literature review (SLR) approach which describes the significance of Vedic mathematics. The study made use of purposive sampling through which the data were collected from 102 articles by using inclusion and exclusion criteria. It includes publication years, the types of research methods, and uses of Vedic mathematics sutras in different branches of knowledge stated by the researchers. Its goal is to offer a more thorough explanation and an evaluation of how the inquiry affected the conclusions. The articles examined in this review included all the journal articles and doctoral theses from the databases of Google Scholar, Science Direct, Scopus, and Sodhganga which were published during the period 2010–2022.

The research found that the application of the sutras of Vedic mathematics has been increasing immensely in India. The researchers in this area are fond of qualitative research methods. This research has shown that sutras of Vedic mathematics especially “Urdhvatiryakbhyam” and “Nikhilam Navatascaramana Dasastah” have been frequently used in mathematics and engineering in technical higher education. The impact of other sutras has been quite useful, which augments that in many disciplines where the applications of Vedic mathematics are prevalent, it can be functional. The study concludes by reprising the result, its limitations, and the use of Vedic mathematics as a sustainable source of knowledge.

Vedic mathematics is an area where a lot of potential applications are created in science, mathematics, engineering, and education. Even with the latest technological advancements like learning analytics, artificial intelligence has its connection with this branch of learning, which is the greatest treasure of the Indian knowledge system. The research in this area is not reported in any databases or any standard format so researchers find it difficult to locate and study this broad conceptual domain.

It will help the reader and other academic stakeholders to widen their view on the new and innovative techniques of Vedic mathematics. It is advised that additional studies would look at and evaluate papers published after this time so that readers may get a wider view of the concept of Vedic mathematics.

It will help society to know the essence of Vedic mathematics that how useful it is. Vedic mathematics helps learners to learn in a very factual and accurate manner especially while dealing with mathematical calculations. It will enhance the problem-solving skills among learners. It will be beneficial for all types of learners which will help them to become better individuals for a nation.

The paper enriches understanding of the potential applications of different sutras from Vedic literature in different fields of knowledge. The outcome of the research encourages educationists and policymakers to include Vedic mathematics in the curriculum to foster quantitative reasoning and problem-solving at varied levels of learning.