管理学报
  Jun. 12, 2025
Home |  About Journal  |  Editorial Board  |  Instruction  |  Subscriptions  |  Advertisement  |  Contacts Us  |  Chinese
Chinese Journal of Management
Current Issue| Next Issue| Archive| Adv Search |
The Price Spillover Effect of Steam Coal Market, Refined Oil Market and LNG Market in China
ZHOU Ying,XIAO Jianzhong,PENG Jiachao
1.China University of Geosciences, Wuhan, China; 2.Wuhan Institute of Technology, Wuhan, China

Download: PDF (1887 KB)   HTML (1 KB) 
Export: BibTeX | EndNote (RIS)      
Abstract  This study estimated the rate of returns on steam coal, refined oil and LNG ranging from 2014 to 2021, and investigated the mean spillover, asymmetric volatility spillover and dynamic correlations among the three energy product markets. The investigation indicates that there are significant spillover effects of variables in the sample period. Refined oil market has a bidirectional spillover effect with steam coal market and LNG market in the mean spillover and the volatility spillover, respectively. It seems that refined oil market is the nexus of spillover which connects steam coal market and LNG market, playing a regulatory role. Significant asymmetric characteristics exist in the volatility spillover among the three energy product markets and their own volatility. The LNG market has promoted the integration of traditional energy markets. It is the source of price spillover, and the risk of steam coal market and refined oil market will be aggravated with the volatility in its price.
Received: 04 October 2022     
Service
E-mail this article
Add to my bookshelf
Add to citation manager
E-mail Alert
RSS
Articles by authors
ZHOU Ying
XIAO Jianzhong
PENG Jiachao
Cite this article:   
ZHOU Ying,XIAO Jianzhong,PENG Jiachao. The Price Spillover Effect of Steam Coal Market, Refined Oil Market and LNG Market in China[J]. Chinese Journal of Management, 2024, 21(5): 769-.
URL:  
http://manu68.magtech.com.cn/Jwk_glxb/EN/     OR     http://manu68.magtech.com.cn/Jwk_glxb/EN/Y2024/V21/I5/769
Copyright  ©  CHINESE JOURNAL OF MANAGEMENT
Support by Beijing Magtech Co.ltd   support@magtech.com.cn