Abstract:

Abstract The study examines the effect of monetary policy, global uncertainty and environmental damage on the green stock market in Indonesia in the long and short term, using the Autoregressive Distributed Lag (ARDL) bound test method. The ARDL bound test results show that there is cointegration in the long term between the green stock market and monetary policy, global uncertainty and environmental damage. Empirical evidence finds that in the long term, the variables that affect the green stock market in Indonesia are monetary policy from interest rates, global uncertainty and environmental damage from carbon emissions. While in the short term the variables that affect the green stock market are interest rates without lag, lag 1, lag 2 and lag 3; global uncertainty in lag 1 and lag 2; and carbon emissions without lag and lag 1; while forest damage without lag shows a very weak effect at the 10% significance level. Coefficient  also shows significant and negative sign. A deeper analysis found that there is a bidirectional causality from monetary policy to green stock markets and vice versa, and from carbon emissions to green stock markets and vice versa. Downloads Download data is not yet available. Downloads FULL TEXT Published 2022-11-28 How to Cite Sakuntala, D. ., Majid, M. S. A., Aliasuddin, A., & Suriani, S. (2022). Causality between Green Stock Market with Monetary Policy, Global Uncertainty, and Environmental Damage in Indonesia. International Journal of Energy Economics and Policy, 12(6), 215–223. https://doi.org/10.32479/ijeep.13348 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 12 No. 6 (2022) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Kamaruddin Kamaruddin, Yusri Hazmi, Raja Masbar, Sofyan Syahnur, M. Shabri Abd. Majid, Asymmetric Impact of World Oil Prices on Marketing Margins: Application of NARDL Model for the Indonesian Coffee , International Journal of Energy Economics and Policy: Vol. 11 No. 6 (2021) Nuri Rosmika, Raja Masbar, Sofyan Syahnur, Suriani Suriani, The Impact of the Information and Communication Technology and Electricity on Inter-island Interactions in Indonesia , International Journal of Energy Economics and Policy: Vol. 12 No. 4 (2022) Make a Submission Make a Submission Dergi Kapağı

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