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Agartala, India

ąíĥęThe Institute of Chartered Financial Analysts of India was established in 1984 as a not-for-profit educational society in Andhra Pradesh, India. ICFAI University refers to the universities sponsored by the Institute of Chartered Financial Analysts of India and is established in the state of Uttarakhand, Tripura, Sikkim, Meghalaya, Mizoram, Nagaland, and Jharkhand under respective State legislations. The Government of Orissa passed The Icfai University Act and the State Governments of Assam, Rajasthan, Chhattisgarh, Gujarat, Himachal Pradesh, Madhya Pradesh and Punjab issued letters of intent to the institute for the establishment of universities. Each university is a separate and independent legal entity.The University Grants Commission has recognized the above seven ICFAI universities established under State legislations in terms of Section 2 of the UGC Act 1956. Consequently, these universities can confer degrees at Bachelor’s, Master’s and Doctoral levels.The Institute of Chartered Financial Analysts of India University, Tripura or The ICFAI University, Tripura was established in 2004 through an Act of State Legislature . UGC has approved the university under Section 2 of the UGC Act, 1956 and hence included in the list of universities maintained by UGC under Section 2 of the UGC Act, 1956. Wikipedia.


Tiwari A.K.,ICFAI University, Tripura | Shahbaz M.,COMSATS Institute of Information Technology | Adnan Hye Q.M.,University of Malaya
Renewable and Sustainable Energy Reviews | Year: 2013

This study investigates the dynamic relationship between coal consumption, economic growth, trade openness and CO2 emissions in case of India. In doing so, Narayan and Popp, Journal of Applied Statistics 2010; 37:1425-1438, structural break unit test is applied to test the order of integration of the variables. Long run relationship between the variables is tested by applying the ARDL bounds testing approach to cointegration developed by Pesaran et al. Journal of Applied Econometrics 2001; 16:289-326. The results confirm the existence of cointegration for long run between coal consumption, economic growth, trade openness and CO2 emissions. Our empirical exercise indicates the presence of environmental Kuznets curve (EKC) in long run as well as in short run. Coal consumption as well as trade openness contributes to CO2 emissions. The causality analysis reports the feedback hypothesis between economic growth and CO2 emissions and same inference is drawn between coal consumption and CO2 emissions. Moreover, trade openness Granger causes economic growth, coal consumption and CO2 emissions. © 2012 Elsevier Ltd. All rights reserved. Source


Shahbaz M.,COMSATS Institute of Information Technology | Hye Q.M.A.,University of Malaya | Tiwari A.K.,ICFAI University, Tripura | Leitao N.C.,Polytechnic Institute of Santarem
Renewable and Sustainable Energy Reviews | Year: 2013

This study examines the linkages among economic growth, energy consumption, financial development, trade openness and CO2 emissions over the period of 1975Q1-2011Q4 in case of Indonesia. The stationary analysis is performed by using Zivot-Andrews unit root test and the ARDL bounds testing approach for a long run relationship between the series in the presence of structural breaks. The causality between the concerned variables is examined by the VECM Granger causality technique and robustness of causal analysis is tested by innovative accounting approach (IAA). Our results confirm that the variables are cointegrated; it means that the long run relationship exists in the presence of structural breaks. The empirical findings indicate that economic growth and energy consumption increase CO2 emissions, while financial development and trade openness compact it. The VECM causality analysis has shown the feedback hypothesis between energy consumption and CO2 emissions. Economic growth and CO2 emissions are also interrelated i.e. bidirectional causality. Financial development Granger causes CO2 emissions. The study opens up new policy insights to control the environment from degradation by using energy efficient technologies. Financial development and trade openness can also play their role in improving the environmental quality. © 2013 Elsevier Ltd. Source


Shahbaz M.,COMSATS Institute of Information Technology | Kumar Tiwari A.,ICFAI University, Tripura | Ozturk I.,Cag University | Farooq A.,COMSATS Institute of Information Technology
Renewable and Sustainable Energy Reviews | Year: 2013

This paper investigates the unit root properties of electricity consumption per capita of 67 developed and developing countries for the period 1971-2010. To examine the stationary properties of electricity consumption per capita, we have adopted Lee and Strazicich (2003, 2004) test of unit root that allows us to test for at most two endogenous breaks and uses the Lagrange Multiplier (LM) test statistics. Results show that 65 country series reject the unit root null hypothesis except for 2 country series. Thus, our empirical findings provide significant evidence that electricity consumption per capita is stationary in almost all countries considered. The stationarity of electricity consumption per capita indicates that it should be possible for the series to forecast future movements in the energy consumption based on the past behaviors of the series. © 2013 Elsevier Ltd. Source


Shahbaz M.,COMSATS Institute of Information Technology | Tiwari A.K.,ICFAI University, Tripura | Jam F.A.,University of Malaya | Ozturk I.,Cag University
Renewable and Sustainable Energy Reviews | Year: 2014

This paper investigates the unit root properties of coal consumption per capita for the 47 developed and developing countries for 1965-2010 period. To examine the stationary properties of coal consumption per capita, Lagrange multiplier (LM) unit root test with one break and two breaks Crash model has been utilized. According to empirical results, the coal consumption is stationary in almost all the countries analyzed. Thus, if the coal consumption is mean (or trend) reverting, then it follows that the series will return to its mean value (or trend path) and it might be possible to forecast future movements in the coal consumption based on past behaviors of the series. For the policy makers, it is not necessary to pay attention to coal consumption excepting for Indian and Italian. However, for the researchers it is important to take into account the stationarity property of coal consumption and also structural breaks (should be modeled) in their future studies. © 2014 Elsevier Ltd. Source


Tiwari A.K.,ICFAI University, Tripura
Renewable and Sustainable Energy Reviews | Year: 2014

We investigated Granger-causality between variants of the energy consumption sources and Gross Domestic Product (GDP) for the United State of America (USA). To accomplish this objective we utilized a recent approach of asymmetric Granger-causality developed by Hatemi-J for the period January 1973-October 2011. Our results indicated presence of asymmetric Granger-causality between a few variants of energy consumption sources (i.e., Coal Consumption (CC), Natural Gas Consumption (NG), Primary Energy Consumption (PE), and Total Renewable Energy Consumption (TRE)) and GDP (all measured in growth rates). Additionally, when positive shocks are analyzed we found the evidence of unidirectional Granger-causality running from GDP growth rate to growth rate of CC and from growth rate of Total Electricity End Use (EC) to GDP growth rate. Additionally, we find significant evidence of bidirectional Granger-causality between NG and GDP, PE and GDP and TRE and GDP (all measured in growth rates). However, in case of negative shocks we find that the null hypothesis that growth rates in CC and TRE do not Granger-cause GDP growth rate is rejected at 5% level of significance. These results have important implications for research analysts as well as policy makers of the USA economy. © 2014 Elsevier Ltd. Source

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