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Dependence Structure Between Green Bonds Market and Clean Energy Market: Evidence from Copula Approach

In: The Palgrave Handbook of Green Finance for Sustainable Development

Author

Listed:
  • Nousheen Tariq Bhutta

    (Lahore Business School, Pakistan)

  • Muhammad Arslan

    (Foundation University)

  • Akmal Shahzad Butt

    (Preston University)

  • Anum Shafique

    (Arid Agriculture University Rawalpindi)

  • Aleena Zainab

    (Arid Agriculture University)

Abstract

The study aims to analyze the dependence structure between green bonds market and clean energy markets. For this purpose, the dependence has been tested through copula family where five copulas, Gaussian copula, t coupla, frank, Clayton, and Gumble copula are used. The findings of the study reveal that the dependence exists in all the pairs, however, the selection of model can add to the understanding of the direction of the movement by selecting the best-fit copula to measure the dependence structure between these markets. The findings of the study are useful for the investors for efficient capital allocation and for the policymakers to devise useful policies for these new markets.

Suggested Citation

  • Nousheen Tariq Bhutta & Muhammad Arslan & Akmal Shahzad Butt & Anum Shafique & Aleena Zainab, 2024. "Dependence Structure Between Green Bonds Market and Clean Energy Market: Evidence from Copula Approach," Palgrave Studies in Impact Finance, in: Ahmed Imran Hunjra & John W. Goodell (ed.), The Palgrave Handbook of Green Finance for Sustainable Development, chapter 0, pages 757-775, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-031-65756-6_28
    DOI: 10.1007/978-3-031-65756-6_28
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