An Exploration of Interlinkages between International Trades and Green Energy Volatility over Quantiles

IF 1.3 Q3 ECONOMICS
Ha Quynh Hoa, N. Hung, Leavitt Ha, Luu Thi Phuong, Truong Nhu Hieu, Tran Anh Ngoc
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引用次数: 0

Abstract

In this paper, we employ the quantile vector autoregression (QVAR) technique to determine the degree of connectedness between seven variables from 1985 to 2019 for the purpose of examining the relationships between the Trade market and Green energy consumption. Based on our findings, dynamic connectedness, which is 24.18% in the short term and 9% in the long term, is influenced by both long-term and short-term periods. Based on the dynamic net total connectedness of a quantile, a quantile of 50% describes the period’s overall connectedness, which is associated both with highly positive changes (above the 80% quantile) and with highly volatile variables (below the 20% quantile) of export, import, and green energy consumption. In both durations, export and import values turn into a net shock transmitter, and green energy consumption acts like a net shock receiver since the last half of the period. In 2008, uncertain events were correlated with dynamic net pairwise directional connectedness over a quantile, such as the Global Financial crisis, have an influence on the trade market and green energy consumption’s volatility.
国际贸易与绿色能源波动之间的内在联系探讨
在本文中,我们采用分位数向量自回归(QVAR)技术来确定1985年至2019年七个变量之间的连通性程度,以检验贸易市场与绿色能源消费之间的关系。根据我们的研究结果,动态连通性(短期为24.18%,长期为9%)同时受到长期和短期的影响。基于一个分位数的动态净总连通性,50%的分位数描述了该时期的整体连通性,这与出口、进口和绿色能源消耗的高度积极变化(高于80%分位数)和高度波动的变量(低于20%分位数)相关。在这两个时间段内,出口和进口价值都变成了净冲击发射器,而绿色能源消费在后半时间段内则成为净冲击接收器。2008年,全球金融危机等不确定事件对贸易市场和绿色能源消费的波动率产生了影响,这些不确定事件与动态净两两定向连通性在一个分位数上相关。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
1.50
自引率
0.00%
发文量
18
期刊介绍: Journal of International Commerce, Economics and Policy (JICEP) is a peer-reviewed journal that seeks to publish high-quality research papers that explore important dimensions of the global economic system (including trade, finance, investment and labor flows). JICEP is particularly interested in potentially influential research that is analytical or empirical but with heavy emphasis on international dimensions of economics, business and related public policy. Papers must aim to be thought-provoking and combine rigor with readability so as to be of interest to both researchers as well as policymakers. JICEP is not region-specific and especially welcomes research exploring the growing economic interdependence between countries and regions.
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