Publications by authors named "Yan-Ran Ma"
Article Synopsis
- * The study utilized the MacBERT deep learning model to create Chinese Climate Policy Uncertainty (CCPU) indices at multiple levels (national, provincial, city), using text mining from major Chinese newspapers.
- * Findings revealed an increasing trend in climate policy uncertainty in China, with noticeable variations across different regions, providing valuable insights for policymakers, researchers, and investors.
This paper investigates the risk spillover between China's crude oil futures and international crude oil futures by constructing upside and downside VaR connectedness networks. The findings show that China's crude oil futures behave as a net risk receiver in the global crude oil system, in which Brent and WTI play the leading roles in risk transmission in the system. The dynamic results indicate that the risk spillover between Chinese and international crude oil futures presents obvious time-varying characteristics and has risen sharply since the beginning of 2020, induced by the COVID-19 pandemic.
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