气候变化领域集成服务门户(CCPortal): Evaluations of policy contagion for new energy vehicle industry in China

CCPortal

DOI	10.1016/j.enpol.2022.113402
	Evaluations of policy contagion for new energy vehicle industry in China
	Hsiao, Cody Yu-Ling; Yang, Rui; Zheng, Xin; Chiu, Yi-Bin
发表日期	2023
ISSN	0301-4215
EISSN	1873-6777
卷号	173 页码:16
英文摘要	This paper investigates the impact of eight new energy vehicle (NEV) policies in China from 2016 to 2021 on the stock indices of its 10 major up-, mid-, and downstream sectors. Contagion tests based on changes in either individual linear/asymmetric or joint asymmetric dependence are applied to identify how policy shocks affect relevant sectors. These tests are also used to measure the extent to which policy is important in driving the policy shocks by measuring the sensitivity index of policy announcements and using network analysis. The empirical results show that China's NEV policies, including financial subsidies, tax exemption, dual credit schemes, and long-term development plan and management notice, have significant effects on its main industry chains and affiliated sectors through linear and joint asymmetric dependence channels. Of the eight policies, the long-term development plan and financial subsidies are found to be the most effective instruments in driving policy contagion more through asymmetric dependence than linear dependence channels, while tax incentives and management notices have the least effect. The up-, mid-, and downstream sectors of NEVs are more affected by NEV policy shocks than their affiliated sectors.
英文关键词	China; New energy vehicle; Policy shocks; Policy contagion; Network analysis
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000913259700001
来源期刊	ENERGY POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/272102
作者单位	Macau University of Science & Technology; Australian National University; Beijing Institute of Technology; Southwestern University of Finance & Economics - China
推荐引用方式 GB/T 7714	Hsiao, Cody Yu-Ling,Yang, Rui,Zheng, Xin,et al. Evaluations of policy contagion for new energy vehicle industry in China[J],2023,173:16.
APA	Hsiao, Cody Yu-Ling,Yang, Rui,Zheng, Xin,&Chiu, Yi-Bin.(2023).Evaluations of policy contagion for new energy vehicle industry in China.ENERGY POLICY,173,16.
MLA	Hsiao, Cody Yu-Ling,et al."Evaluations of policy contagion for new energy vehicle industry in China".ENERGY POLICY 173(2023):16.