Abstract:Summary
This paper investigates the contagion effects of five regional nuclear accidents, nuclear expansions, or nuclear phase‐out events or policies from 2007 to 2017 on the stock markets of the global nuclear energy markets. Contagion tests based on correlation and higher order comoments are applied to determine how these events or policy shocks affect global nuclear energy stock prices. The empirical results show that the Fukushima nuclear accident had the most significant impact on global nuclear energy ma… Show more
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