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Modelling the Characteristics of Residential Energy Consumption: Empirical Evidence of Indian Scenario

Author

Listed:
  • Zareena Begum Irfan

    (Associate Professor, Madras School of Economics)

  • Divya Jain

    (Research Scholar, Madras School of Economics)

  • Satarupa Rakshit

    (Research Scholar, Madras School of Economics)

  • Ashwin Ram

    (Research Scholar, Madras School of Economics)

Abstract

We find evidence for a day of the week calendar anomaly in Bitcoin returns and argue that not considering this anomaly results in a biased estimate of the market efficiency. Further, it also quantifies the degree of market inefficiency of Bitcoin over time using the methodology proposed by Ito and Sugiyama (2009) and found evidence in favor of very high degree of market inefficiency for the period spanning from July 2010 to January 2018. This result contradicts some of the recent studies that argue in favor of the market efficiency of Bitcoin

Suggested Citation

  • Zareena Begum Irfan & Divya Jain & Satarupa Rakshit & Ashwin Ram, 2018. "Modelling the Characteristics of Residential Energy Consumption: Empirical Evidence of Indian Scenario," Working Papers 2018-169, Madras School of Economics,Chennai,India.
    • Handle: RePEc:mad:wpaper:2018-169
    as

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    File URL: https://www.mse.ac.in/wp-content/uploads/2021/05/Working-Paper-169.pdf
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    References listed on IDEAS

    as
    1. Stern, David I., 2004. "The Rise and Fall of the Environmental Kuznets Curve," World Development, Elsevier, vol. 32(8), pages 1419-1439, August.
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    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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