IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v382y2025ics030626192402614x.html
   My bibliography  Save this article

New energy mineral price shocks and volatility responses in green securities markets: Structural effects and dynamic spillovers

Author

Listed:
  • Zhang, Qingjun
  • Wei, Renyi
  • Fan, Sijia

Abstract

As the global low-carbon development and energy transition progress, the impact of new energy mineral prices on the green securities markets is increasingly significant. To identify the role of the impact, we use the MSVAR and TVP-SVAR-SV models to identify the effects of international new energy mineral price fluctuations on China's green securities markets. Our general findings are as follows: (1) Green securities markets will be fundamentally changed by the structural impact of new energy minerals, which exhibits heterogeneous effects with different periods. (2) The structural shocks to the green securities markets are concentrated in the short term, as shown by the crucial difference in the degree and direction of response between the green stock market and the green bond market. (3) Our study examines the role of exogenous policies in the effects of structural shocks to new energy mineral prices on China's green securities markets. The evidence shows that active exogenous policies can effectively mitigate the impact of structural shocks on China's green securities markets while promoting its development.

Suggested Citation

  • Zhang, Qingjun & Wei, Renyi & Fan, Sijia, 2025. "New energy mineral price shocks and volatility responses in green securities markets: Structural effects and dynamic spillovers," Applied Energy, Elsevier, vol. 382(C).
    • Handle: RePEc:eee:appene:v:382:y:2025:i:c:s030626192402614x
    DOI: 10.1016/j.apenergy.2024.125230
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S030626192402614X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.apenergy.2024.125230?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Structural shocks; New energy minerals; Green securities; MSVAR model; TVP-SVAR-SV model;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:382:y:2025:i:c:s030626192402614x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.