Economic Policy Uncertainty and Local Carbon Emission Trading: A Multifractal Analysis from US and Guangdong

Zhao, Ruwei

doi:10.1155/2021/8091394

Cited by 7 publications

(3 citation statements)

References 49 publications

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“…From the perspective of teaching, we should make full use of online teaching resources and pay attention to the diversity of teaching methods. We should make good use of online teaching resources, shared classrooms, and other high-quality online teaching tools, pay attention to the guidance and inspiration of students' ideas, let students actively participate in classroom teaching, and improve their active learning ability and learning efficiency [30,31]. In addition, classroom teaching should also cultivate students' patriotic emotions through various typical examples, focus on the organic combination of course teaching and ideological and political education, and strengthen ideological and political leadership.…”

Section: Course Ideology and Teaching Contentmentioning

confidence: 99%

Research on teaching reform of petrochemical courses in universities in the context of carbon neutrality

Zhao

2023

3C TIC

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The increasing pollution caused by carbon emissions has led to a growing call for emission reduction. With China's current goal of carbon neutrality, how to innovate the petrochemical industry has become a hot issue. As a higher education institution that delivers talent for the petrochemical industry, it is in line with this trend to carry out teaching reforms of professional courses. In this paper, we collect data extensively for the evaluation of course attainment in the petrochemical industry and carry out the weight allocation of factors. Two classes of a university's 2018 class of petrochemical industry majors were used as the comparison objects. One of the classes was taught in a reformed manner while the other class was taught in a traditional manner. The results showed that the overall score of the class subjected to reformed instruction was 78.9, which was greater than the 74.6 score of the class taught using the traditional approach. In addition, when surveyed for feedback on course content, it was found that a whopping 92% of students showed identification with their major. Only 2% of the students felt that the new teaching style was a waste of their time.

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Section: Course Ideology and Teaching Contentmentioning

confidence: 99%

Research on teaching reform of petrochemical courses in universities in the context of carbon neutrality

Zhao

2023

3C TIC

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“…Among fractal methods, the MF-DCCA proposed by Zhou [28] is widely used because it can capture the multifractal characteristics between two non-stationary time series [29]. For example, Zhao [30] used MF-DCCA to analyze the long-term dynamic cross-correlation evolution between US EPU and carbon price in Guangdong.…”

Section: Hypothesis 3 (H3)mentioning

confidence: 99%

Does a Cross-Correlation of Economic Policy Uncertainty with China’s Carbon Market Really Exist? A Perspective on Fractal Market Hypothesis

Jiang

Song

2023

Sustainability

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Under the efficient market hypothesis (EMH), part of the literature ignores the characteristics of carbon markets. Based on the fractal market hypothesis (FMH), using the MF-DCCA method, this empirical study complements related research. We studied the non-linear multifractal correlation between carbon price fluctuations and China’s economic policy uncertainty (CNEPU) in Shenzhen, Beijing, Tianjin, and the national carbon market. The results show the following: (1) There is no linear correlation between price volatility and CNEPU in all carbon markets. (2) In the national carbon market, the correlation linkage between price fluctuation and CNEPU has not yet formed. (3) In the three regional carbon markets of Shenzhen, Beijing, and Tianjin, the long-range correlations exist with anti-persistence multifractal characteristics, which means that an increase in CNEPU will reduce price fluctuations. (4) After dividing the time scale into long-term and short-term, we found that it does not change the multifractal characteristics but it does change the fractal intensity. Finally, some suggestions are given to policymakers and carbon finance investors.

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“…e second strand of literature is mainly about the impacts of economic uncertainties on the real economy and financial markets [12,13]. eoretical work on this topic dates back to Bernanke [14], who points out that high uncertainty gives firms an incentive to delay investment and to hire when investment projects are costly to undo or workers are expensive to hire and fire.…”

Section: Literature Reviewmentioning

confidence: 99%

Economic Policy Uncertainty Shocks and Chinese Stock Market Volatility: An Empirical Analysis with SVAR

et al. 2022

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This paper proposes a framework for examining the interaction between stock market volatilities and economic uncertainty shocks, aiming to understand better the influence of economic uncertainty shocks on the Chinese stock market. The major empirical results include the followings. First, the economic policy uncertainty shocks push the Chinese stock volatility up, increasing the market risk. A 1-standard-deviation shock of economic policy uncertainty will enhance the stock volatility of the two composite indices by approximately 7% in 12 months. Second, the stock volatility reacted more intensely to fiscal and monetary economic policy uncertainty shocks, with a 1-standard-deviation shock that can enhance the stock volatility of the two composite indices by more than 10% in 12 months. Third, different stock indices exhibit different patterns of cumulative impulse responses, and the reaction of the volatility of the SSE real estate index to economic policy uncertainty shocks is more significantly intense than other indices. Besides, we have proved the robustness of empirical results by reestimating the models with a lag order of 2. Overall, our research results can provide policy and managerial insights for the sustainable development of the Chinese stock market and beyond.

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Economic Policy Uncertainty and Local Carbon Emission Trading: A Multifractal Analysis from US and Guangdong

Cited by 7 publications

References 49 publications

Research on teaching reform of petrochemical courses in universities in the context of carbon neutrality

Research on teaching reform of petrochemical courses in universities in the context of carbon neutrality

Does a Cross-Correlation of Economic Policy Uncertainty with China’s Carbon Market Really Exist? A Perspective on Fractal Market Hypothesis

Economic Policy Uncertainty Shocks and Chinese Stock Market Volatility: An Empirical Analysis with SVAR

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