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我国八家碳排放交易市场价格波动性分析

Price Fluctuation Analysis of Eight Carbon Emission Trading Markets in China

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【作者】 陈柳卉邢天才

【Author】 Chen Liuhui;Xing Tiancai;School of Finance Dongbei University of Finance and Economics;Graduate School Dongbei University of Finance and Economics;

【机构】 东北财经大学金融学院东北财经大学研究生院

【摘要】 湖北碳排放交易市场和福建碳排放交易市场已经运行了一年多的时间。学者对这两个碳排放交易市场研究相对较少。采用ARCH系列模型对八家市场进行比较研究,研究发现湖北碳排放交易市场和福建碳排放交易市场与其他市场同样存在价格波动出现持续性、非对称性和对市场消息比较敏感的特点,还存在与其他六家交易市场发展程度差异较小的特点。这说明目前八家碳排放交易市场处于初步发展阶段,可以通过政府积极培育碳排放交易市场、相关部门出台法律法规维持市场秩序、碳排放市场管理者提升市场服务质量和企业增强参与碳排放交易意识等措施促进发展。

【Abstract】 Hubei carbon emission trading market and Fujian carbon emission trading market have been in operation for more than a year. Scholars have done relatively little research on these two carbon emission trading markets. By comparing eight markets with ARCH series models, we find that there are persistence, asymmetry and sensitivity of price fluctuation in Hubei carbon emission trading market and Fujian trading market as well as other markets. Besides, there are small differences between them. This shows that the eight carbon emissions trading markets are in the initial stage of development. They can promote development by actively cultivating the carbon emissions trading market by the government,promulgating laws and regulations by relevant departments to maintain market order, improving the quality of market services and enhancing the awareness of enterprises to participate in carbon emissions trading.

  • 【文献出处】 重庆社会科学 ,Chongqing Social Sciences , 编辑部邮箱 ,2019年04期
  • 【分类号】F832.5;X196
  • 【被引频次】5
  • 【下载频次】462
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