摘要
随着我国碳排放权交易市场的建立和健全,如何衡量不同市场之间的相关性成为人们关注的焦点。基于DCCGARCH模型,量化了国内外碳交易市场之间的动态相关系数。实证结果表明,我国的碳交易市场还处于分割状态,不同市场间的联动性较差。未来应进一步推动建立全国统一的碳交易市场,增强市场间的联系,实现资源的有效配置。
With the establishment and improvement of China＇s carbon emissions trading market, how to measure the correlation between different markets has become the focus of attention. Based on the DCC-GARCH model, the dynamic correlation coefficient between domestic and foreign carbon trading market is quantified. Empirical results show that China＇s carbon trading market is still in a split state, the linkage between different markets is not strong. The future should further promote the establishment of a unified national carbon trading market, and enhance the relationship between the market to achieve the effective allocation of resources.
出处
《生态经济》
北大核心
2017年第8期48-51,89,共5页
Ecological Economy
基金
国家科技支撑项目(2014BAC01B02)
国家科技重大专项"煤层气高效开发及开发指标优化研究"(2016ZX05042-002-004)
