The Spillover Effect among CET Market, Coal Market, and New Energy Market for Dual-Carbon Target: New Evidence from China

<table class="table-group" id="tab1"><tr><td><table class="table"><tr><td class="thead-hr" colspan="10"><hr/></td></tr><tr class="thead"><td class="align_left">Variables</td><td class="align_center">Min.</td><td class="align_center">Mean</td><td class="align_center">Max.</td><td class="align_center">Std. dev.</td><td class="align_center">Skewness</td><td class="align_center">Kurtosis</td><td class="align_center">J-Bera</td><td class="align_center">ADF (1%: −3.98)</td><td class="align_center">KPSS</td></tr><tr><td class="thead-hr" colspan="10"><hr/></td></tr><tr><td class="align_left">CET</td><td class="align_center">−0.5258</td><td class="align_center">0.0007</td><td class="align_center">0.4731</td><td class="align_center">0.0459</td><td class="align_center">−0.7909</td><td class="align_center">7.9573</td><td class="align_center">363.45</td><td class="align_center"><span style="width: 65.5556ptpx;"><svg height="10.4525pt" id="M59" style="vertical-align:-0.3500004pt" version="1.1" 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class="align_center">0.0236</td></tr><tr><td class="align_left">CSINE</td><td class="align_center">−0.2077</td><td class="align_center">0.0040</td><td class="align_center">0.1415</td><td class="align_center">0.0454</td><td class="align_center">−0.6860</td><td class="align_center">5.8925</td><td class="align_center">150.32</td><td class="align_center"><span style="width: 65.5556ptpx;"><svg height="10.4525pt" id="M60" style="vertical-align:-0.3500004pt" version="1.1" viewbox="-0.0498162 -10.1025 65.5556 10.4525" width="65.5556pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M535 230V280H52V230H535Z"></path></g><g transform="matrix(.013,0,0,-0.013,7.631,0)"><path d="M384 0V27C293 34 287 42 287 114V635C232 613 172 594 109 583V559L157 557C201 555 205 550 205 499V114C205 42 199 34 109 27V0H384Z"></path></g><g transform="matrix(.013,0,0,-0.013,13.871,0)"><path d="M384 0V27C293 34 287 42 287 114V635C232 613 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class="tbody-hr"/></td></tr></table></td></tr></table>

<div>The descriptive statistics of the return series.</div>

Discrete Dynamics in Nature and Society

tab1

Table 1

Table 1: The Spillover Effect among CET Market, Coal Market, and New Energy Market for Dual-Carbon Target: New Evidence from China 