Cosimo Magazzino
@uniroma3.it
Political Science
Roma Tre University
Cosimo Magazzino was born in Grottaglie (Italy) in 1980. He obtained his BA in Public Administration and his Ph.D. in Political Science at Roma Tre University (Rome, Italy).
POSITIONS
He is currently a Professor of Economic Policy, European Economic Policy, and Environmental and Energy Economics in the Department of Political Science, Roma Tre University (Italy); Econometrics for Financial Markets in the MEMOTEF Department, Sapienza-University of Rome (Italy); Environmental and Tourism Economics, "Niccolò Cusano" University (Italy). He is a member of the Ph.D. Council on Political Science, Roma Tre University (Italy).
He coordinated the Ministry of Economy and Finance (MEF) Research program “Quality of public finances and impact on potential output”.
TEACHING
He has taught and/or is teaching Development Economics, Econometrics, Econometrics for Financial Markets, Economic Policy, European Economic Policy, Environmental and Energy Economics, Environmental and Land Economics, Econ
RESEARCH, TEACHING, or OTHER INTERESTS
Economics, Econometrics and Finance, Renewable Energy, Sustainability and the Environment, Environmental Science, Transportation
Scopus Publications
Scholar Citations
Scholar h-index
Scholar i10-index
Scopus Publications
Monica Auteri, Marco Mele, Isabella Ruble, and Cosimo Magazzino
Elsevier BV
Cosimo Magazzino, Mara Madaleno, Muhammad Waqas, and Angelo Leogrande
Elsevier BV
Cosimo Magazzino and Lorenzo Giolli
Elsevier BV
Cosimo Magazzino, Giovanni Cerulli, Ilham Haouas, John Onolame Unuofin, and Samuel Asumadu Sarkodie
Elsevier BV
Cosimo Magazzino, Marco Mele, and Angelo Quarto
Wiley
The aim of the article is to analyze the evolution of oil prices and renewable energy production in Italy during the coronavirus disease 2019 pandemic crisis with daily data for the period January 2020–September 2020 through new time series techniques (wavelet coherency analysis and quantile coherency analysis). The applied results show that disaggregated renewable energy sources (solar, hydro, wind, and geothermal) drive oil prices positively, with the exemption of biomass, which drives oil prices negatively in the long term. Establishing a link between renewable energies and oil prices allows significant policy recommendations, given the geopolitical framework and the energy national budget.
Cosimo Magazzino, Marco Mele, Antonia Rosa Gurrieri, and Giovanna Morelli
Springer Science and Business Media LLC
AbstractThis research aims to analyze the determinants of subjective well-being in the Italian regions. To this extent, a new ISTAT-BES database has been used, with data for the Italian regions between 2004 and 2021. An artificial neural network (ANN) experiment was conducted to explore the link among these variables. Empirical findings show that subjective well-being is positively associated with education, income, and social relations. Our results align with those provided by past studies on the determinants of subjective well-being. These results imply that governments should improve subjective well-being by increasing the level of investment in education, deepening economic growth, reducing income inequality, and promoting social relations.
Cosimo Magazzino
Springer Science and Business Media LLC
AbstractThis paper examines the relationship among ecological footprint (EF), electricity consumption, and GDP in China using annual data ranging from 1960 to 2019. However, factors like trade openness, urbanization, and life expectancy might increase EF as ecological distortions are mainly human-induced. This study explores the effect of these variables on the environment, which is captured by EF. Quantile Regression estimates indicate that electricity consumption and real GDP increase environmental degradation, while trade and urbanization reduce EF, allowing for a higher environmental quality. On the other hand, the spectral Granger-causality tests reveal that only urbanization and life expectancy affect environmental degradation over the whole frequency domain. In the current geopolitical scenario, relevant policy implications may be derived.
Cosimo Magazzino, Muhammad Shahbaz, and Massimiliano Adamo
Springer Science and Business Media LLC
AbstractThis paper investigates the dynamic relationship between the oil market and European stock market returns using monthly data from May 2007 to April 2022 for 27 European Union member countries. A novel approach is adopted by using the time-varying Granger causality test and the structural vector auto-regression model to examine the causal links. Empirical results reveal strong evidence of time-varying causation between the variables, considering the oil market from both the supply-side and demand-side perspectives. In light of these findings, numerous policy considerations emerge, including refining risk management strategies for investors, reformulating economic and energy policies, the potential impact on monetary policy decisions, the need for ad hoc market regulations, facilitating investor education initiatives, promoting international cooperation, and advancing the transition to sustainable energy sources.
Erhan Muğaloğlu, Sevda Kuşkaya, Luigi Aldieri, Mohammed Alnour, Mohammad Enamul Hoque, Cosimo Magazzino, and Faik Bilgili
Elsevier BV
Nurhan Toguç, Sevda Kuşkaya, Cosimo Magazzino, and Faik Bilgili
Wiley
The focus of this study is to examine the short‐ and long‐term causal effects of natural disaster shocks on the stock market and business confidence level in the time‐frequency domain by studying the co‐movements between earthquake data and the Istanbul Stock Index closing prices, using the Wavelet Coherence and Phase Difference analyses. The empirical findings reveal that the relationship between earthquake events and financial markets is not stable over time and across different time horizons. The linkage becomes stronger in the long term when the impact of the earthquake event coincides with a financial crisis reflecting a combined effect. This nexus is also strong during the years 2007–2011 reflecting a similar combined effect of both an earthquake event and the global financial crisis. Meanwhile, co‐movement between the earthquake and the financial market index implies a negative effect in the period 2011–2012, indicating short‐run effects of stock market shocks. Differentiating these short‐term and long‐term effects has implications for risk management and policymaking.
Andrew Adewale Alola, Stephen Taiwo Onifade, Cosimo Magazzino, and Hephzibah Onyeje Obekpa
Springer Science and Business Media LLC
AbstractThis study seeks to address pertinent economic and environmental issues associated with natural gas flaring, especially for the world's leading natural gas flaring economies (i.e. Russia, Iraq, Iran, the United States, Algeria, Venezuela, and Nigeria). By applying relevant empirical panel and country-specific approaches, the study found that fuel energy export positively impacts economic growth with elasticity of ~ 0.22 to ~ 0.24 for the panel examination. It is further revealed that environmental quality in the panel is hampered by increase in economic growth, gas flaring, fuel energy export, and urbanization. Moreover, for the country-wise inference, government quality desirably moderates economic and environmental aspects of gas flaring in Venezuela and Nigeria, and in Russia and Iran respectively. However, government quality moderates gas flaring to cause economic downturn in the USA. Additionally, economic growth increased with increase in urbanisation (in Iraq and the USA), gas flaring (in Iran and the USA), government quality (only in the USA), and fuel energy export (only in Algeria) while economic growth downturn is due to increase urbanisation in Russia and the USA, increase in fuel energy export in the USA, and increase in government quality in Russia. Meanwhile, environmental quality is worsened through intense carbon dioxide emission from increased urbanisation activity (in Iraq, Iran, Algeria, and Nigeria), increased fuel energy export (in Nigeria), increased natural gas flaring (in Algeria and Nigeria), increased GDP (in Russia, Iran, USA, Algeria, and Venezuela), and high government quality (in Iran). Interestingly, the result revealed that increase in GDP (in Nigeria), increase in urbanisation (in the USA), and increase in gas flaring (in Algeria and Nigeria) dampens environmental quality. Importantly, this study offers policy insight into sustainable approaches in natural gas production, government effectiveness, and regulatory quality.
Cosimo Magazzino, Marco Mele, Carlo Drago, Sevda Kuşkaya, Cesare Pozzi, and Umberto Monarca
Springer Science and Business Media LLC
AbstractThis paper examines the relationship among CO2 emissions, energy use, and GDP in Russia using annual data ranging from 1990 to 2020. We first conduct time-series analyses (stationarity, structural breaks, cointegration, and causality tests). Then, we performed some Machine Learning experiments as robustness checks. Both approaches underline a bidirectional causal flow between energy use and CO2 emissions; a unidirectional link running from CO2 emissions to real GDP; and the predominance of the “neutrality hypothesis” for energy use-GDP nexus. Therefore, energy conservation measures should not adversely affect the economic growth path of the country. In the current geopolitical scenario, relevant policy implications may be derived.
Michele Lo Re, Eleonora Veglianti, Fabrizio Parente, Umberto Monarca, and Cosimo Magazzino
Emerald
PurposeThis paper explores international trade of the Chinese manufacturing industries through the lenses of network analysis (NA) to visualise the world trade network of the Chinese economy, describe its topology and better explain the international organisation of Chinese manufacturing industries.Design/methodology/approachThe authors built a dataset of 40,550 Chinese companies and their 107,026 subsidiaries in 118 countries from Orbis-BVD and used a NA to investigate the connection between China and other countries. In particular, the authors studied the connections between Chinese companies and their subsidiaries in order to build a network of Chinese industries.FindingsThe authors found that the network of Chinese companies is ramified but not wide and it can be divided into two clusters. Moreover, the relations between China and other peripheral countries are strongly mediated by a few leading locations (e.g. Hong Kong and the USA).Originality/valueThis paper contributes to the literature in several ways. First, the authors provide empirical evidence on the magnitude and ramifications of Chinese enterprises in the world. The existing studies generally focus on applying NA to sectoral insights (Mao and Yang, 2012; Shaikh et al., 2016; Zheng et al., 2016; Wanzenbö ck, 2018; Krichene et al., 2019), whereas in this work the authors take a comprehensive view of the entire Chinese manufacturing system. Second, this paper complements the existing literature identifying the difference between cluster levels in Chinese manufacturing (Wu and Jiang, 2011) by proposing a cluster centralisation method to analyse the international network of Chinese firms rather than just the national network. Finally, the results also shed light on the international trade relationship between China, Hong Kong and the USA.
Tanzila Akmal, Faisal Jamil, Muhammad Haseeb Raza, Cosimo Magazzino, and Babar Hussain
Springer Science and Business Media LLC
AbstractThere is a growing concern about inappropriate waste disposal and its negative impact on human health and the environment. The objective of this study is to understand household waste segregation intention considering psychological, institutional, and situational factors simultaneously. Insights into the motivations of household waste segregation drivers may assist in a better knowledge of how to pursue the most efficient and effective initiatives. For this purpose, data from a representative sample comprising 849 households is obtained from the twin cities of Islamabad and Rawalpindi (Pakistan). The empirical analysis employs a Structural Equation Modeling (SEM) approach, showing that policy instruments have significant direct and indirect impacts on households’ segregation intentions. The results highlight that government policy instruments strengthen personal and perceived norms for waste segregation intentions, resulting in an external intervention that would encourage intrinsic motivation. Therefore, policy actions become the main entry point for initiating waste segregation behavior. Public policy must continue to emphasize waste segregation since it may help resource recovery. This is imperative because the environment is a shared resource, and its conservation increases social welfare.
Mostafa Mardani Najafabadi, Cosimo Magazzino, Donatella Valente, Abbas Mirzaei, and Irene Petrosillo
Elsevier BV
Cosimo Magazzino, Giovanni Cerulli, Umer Shahzad, and Salahuddin Khan
Elsevier BV
Hêriş Golpîra, Heibatolah Sadeghi, and Cosimo Magazzino
Springer Science and Business Media LLC
Xin Zhao, Yuping Shang, Cosimo Magazzino, Mara Madaleno, and Sabrine Mallek
Elsevier BV
Opeoluwa Seun Ojekemi, Mehmet Ağa, and Cosimo Magazzino
MDPI AG
In this study, the focus is on examining the influence of renewable energy consumption, economic risk, and financial risk on the load capacity factor (LF) within the BRICS countries. The analysis covers the time span from 1990 to 2019. The empirical strategy uses the Method of Moments Quantile Regression (MMQR) and long-run estimators (Fixed Effects Ordinary Least Squares, FE-OLS; Dynamic Ordinary Least Squares, DOLS; and Fully Modified Ordinary Least Squares, FMOLS). The findings highlight the presence of a cointegrating relationship. Moreover, fossil fuels and economic growth cause LF to decrease, while economic risk and the use of renewable energy sources increase the deepening of the LF. Furthermore, the results of the MMQR method are confirmed by DOLS, FMOLS, and FE-OLS estimates. Causality results also demonstrate that these factors may forecast ecological quality, indicating that policies for renewable energy consumption, financial risk, renewable energy, and economic growth can all have an impact on the degree of LF. In light of this research, policymakers should strongly encourage expenditures on environmentally friendly technologies and economic and financial stability to increase energy efficiency as well as sustain the widespread adoption and use of energy-saving products.
Cosimo Magazzino, Carlo Drago, and Nicolas Schneider
Elsevier BV
Ali Matar, Zeeshan Fareed, Cosimo Magazzino, Mahmoud Al-Rdaydeh, and Nicolas Schneider
Springer Science and Business Media LLC
Ritika Chopra, Cosimo Magazzino, Muhammad Ibrahim Shah, Gagan Deep Sharma, Amar Rao, and Umer Shahzad
Elsevier BV
Tanzila Akmal, Faisal Jamil, Muhammad Haseeb Raza, and Cosimo Magazzino
Informa UK Limited
Cosimo Magazzino, Marco Mele, Claudiu Tiberiu Albulescu, Nicholas Apergis, and Mihai Ioan Mutascu
Springer Science and Business Media LLC
AbstractThis paper proposes a novel approach to identify the presence of a latent factor in the co-movements of gasoline and diesel prices in the three major European Union economies, (France, Germany, and Italy) using daily data from January 3, 2005, to June 28, 2021. More precisely, we advance an artificial neural networks algorithm estimated through a machine learning experiment through the backpropagation system to show that the neural signal is altered by an element that could coincide with a latent factor in the fuel price co-movements. We consider the role of the fuel tax systems and the connection between gasoline and diesel prices in these countries. The estimations indicate the presence of an unobservable component (the latent factor) in the fuel price co-movements, capable of influencing NN. This result validates the previous findings reported in the literature, indicating an excess co-movement in fuel prices. It also has implications in terms of fuel price forecasts in the short run.
Cosimo Magazzino
Elsevier