绿色经济市场的价格泡和共同泡
Marcin Potrykus1, Imran Ramzan2, Muhammad Mazhar3
1Gdańsk University of Technology, Faculty of Management and Economics, Department of Finance, Gabriela Narutowicza 11/12, 80-233, Gdańsk, Poland.
Journal of environmental management
|September 28, 2024
概括
这项研究发现绿色经济市场的价格泡,特别是太阳能和风能指数,在全球危机期间达到顶峰. 共同泡分析揭示了相互联系,亚洲市场影响欧洲和美国市场.
科学领域:
- 环境经济学环境经济学
- 金融市场分析 金融市场分析
- 可持续投资 可持续投资
背景情况:
- 由于对气候变化的担忧,投资者对绿色经济的兴趣日益增加.
- 在这个新兴市场,关于价格泡和共同泡的学术研究有限.
- 需要了解市场动态和可持续投资中的风险.
研究的目的:
- 调查新绿色经济市场价格泡和共同泡的存在和特征.
- 分析不同绿色经济指数,地理区域和行业的价格泡行为.
- 确定各种绿色市场组成部分的价格泡之间的相互依赖关系.
主要方法:
- 对31个绿色经济指数 (市场组成部分,地区,部门) 的分析,使用从2005年8月到2024年5月的每日数据.
- 价格泡检测测试程序的应用.
- 利用后勤回归来检查价格共同泡行为和相互依赖.
主要成果:
- 在绿色经济市场中检测到价格泡的证据,特别是太阳能和风能指数.
- 价格泡在COVID-19大流行和俄罗斯-乌克兰冲突期间达到顶峰.
- 与亚洲或欧洲市场相比,美国市场对价格泡的倾向更高;水指数最不容易出现.
- 联合泡分析表明,风力指数显著依赖太阳能和水指数泡.
- 亚洲市场的价格泡显示出对欧洲和美国市场的重大影响.
结论:
- 绿色经济市场,特别是太阳能和风能等特定行业,容易受到价格泡的影响.
- 地缘政治事件和全球危机可能会加剧泡的形成.
- 不同绿色市场细分和地理区域之间存在相互联系,需要复杂的风险管理.
- 调查结果为投资组合和风险管理策略在不断发展的绿色经济中提供了关键的见解.
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