IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v69y2024ipbs1544612324012091.html
   My bibliography  Save this article

Coupling between global climate policy uncertainty and economic policy uncertainty

Author

Listed:
  • Ma, Dandan
  • Zhang, Dayong
  • Guo, Kun
  • Ji, Qiang

Abstract

This paper aims to track global climate policy uncertainty (GCPU) and study its impact on economic policy. We develop a news-based index for GCPU spanning from 2000 to 2023, covering twelve countries across six continents. The index exhibits an upward trend after the adoption of the Paris Agreement in 2015 and spikes during major climate policy events. We examine the spillover effects from GCPU to global economic policy uncertainty (GEPU) using the copula-conditional value-at-risk approach. Our findings suggest that GCPU has significantly influenced GEPU in both upside and downside movements, with a greater effect on the upside.

Suggested Citation

  • Ma, Dandan & Zhang, Dayong & Guo, Kun & Ji, Qiang, 2024. "Coupling between global climate policy uncertainty and economic policy uncertainty," Finance Research Letters, Elsevier, vol. 69(PB).
    • Handle: RePEc:eee:finlet:v:69:y:2024:i:pb:s1544612324012091
    DOI: 10.1016/j.frl.2024.106180
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612324012091
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2024.106180?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.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gong, Xu & Fu, Chengbo & Li, Huijing & Pirabi, Mansoor, 2024. "The impact of U.S. political decisions on renewable and fossil energy companies in the era of the Paris Agreement," Finance Research Letters, Elsevier, vol. 69(PA).

    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:finlet:v:69:y:2024:i:pb:s1544612324012091. 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/locate/frl .

    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.