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Uncertainty in the Pandemic and the Energy Stock Market - Evidence From China

Author

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  • Mengxu Xiong

    (School of Economics, Huazhong University of Science and Technology, China)

Abstract

This study probes the relation between uncertainty, the Chinese stock market, and the Chinese energy stock market during the COVID-19 pandemic period, using a structural vector autoregressive model. This paper shows that uncertainty negatively shocks both the energy and A-share markets. The impulse response results suggest that the adverse influence of uncertainty on the energy stock market lasts longer.

Suggested Citation

  • Mengxu Xiong, 2021. "Uncertainty in the Pandemic and the Energy Stock Market - Evidence From China," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 2(3), pages 1-4.
    • Handle: RePEc:ayb:jrnerl:40
    DOI: 2021/10/14
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    References listed on IDEAS

    as
    1. Paresh Kumar Narayan, 2021. "Oil Price News and COVID-19 - Is There Any Connection," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 1(1), pages 1-4.
    2. Holger Breinlich & Elsa Leromain & Dennis Novy & Thomas Sampson & Ahmed Usman, 2018. "The Economic Effects of Brexit: Evidence from the Stock Market," Fiscal Studies, John Wiley & Sons, vol. 39(4), pages 581-623, December.
    3. Shi, Xunpeng & Shen, Yifan, 2021. "Macroeconomic uncertainty and natural gas prices: Revisiting the Asian Premium," Energy Economics, Elsevier, vol. 94(C).
    4. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
    5. Narayan, Paresh Kumar, 2021. "COVID-19 research outcomes: An agenda for future research," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 439-445.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    china; svar; uncertainty; energy stock market;
    All these keywords.

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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