我校williamhill英国朱永光老师在T1级别期刊——《 Energy Economics》上发表题为“The rise of clean energy markets: Evidence from frequency-domain spillover effects between critical metals and energy markets”。论文第一作者朱永光为williamhill英国副教授。
Abstract / 摘要：
This study investigates the dynamic volatility spillovers among critical metals, traditional energy, and clean energy markets using a sophisticated frequency-domain approach. Leveraging the improved complete ensemble empirical mode decomposition with adaptive noise and time-varying parameter vector autoregression models, we decompose daily logarithmic returns into high, middle, and low-frequency components. Our findings reveal significant heterogeneity in spillover effects across different frequencies, industries, and commodity categories. Clean energy sectors emerge as prominent contributors to market spillovers, reflecting their increasing sensitivity to short-term market dynamics. In contrast, traditional energy markets transition from being spillover sources to net recipients as the energy transition accelerates. Critical metals, particularly lithium and platinum, play a dominant role in long-term market integration, highlighting their growing importance in the global energy transition. These results provide actionable insights for policymakers and investors seeking to manage risks and optimize strategies in the evolving energy landscape.
论文信息;
Title/题目:
The rise of clean energy markets: Evidence from frequency-domain spillover effects between critical metals and energy markets
Authors/作者:
Yongguang Zhu; Yuna Gong; Lanyong Yang; Deyi Xu
Keyword / 关键词
Critical metals;Clean energy markets;ICEEMDAN;TVP-VAR;Spillover effects
Indexed by / 核心评价
EI;INSPEC;Scopus;SSCI;WAJCI
DOI： 10.1016/J.ENECO.2024.108126
全文链接：
https://libproxy.cug.edu.cn/https/443/com/sciencedirect/www/yitlink/science/article/pii/S0140988324008351?via%3Dihub