{"id":"https://openalex.org/W4388942479","doi":"https://doi.org/10.15244/pjoes/172763","title":"Research on Carbon Allowance Price Non-Linear Structure Characteristics and Regime Switching Mechanism in China's Carbon Market","display_name":"Research on Carbon Allowance Price Non-Linear Structure Characteristics and Regime Switching Mechanism in China's Carbon Market","publication_year":2023,"publication_date":"2023-11-23","ids":{"openalex":"https://openalex.org/W4388942479","doi":"https://doi.org/10.15244/pjoes/172763"},"language":"en","primary_location":{"id":"doi:10.15244/pjoes/172763","doi":"https://doi.org/10.15244/pjoes/172763","is_oa":true,"landing_page_url":"https://doi.org/10.15244/pjoes/172763","pdf_url":"http://www.pjoes.com/pdf-172763-96857?filename=Research on Carbon.pdf","source":{"id":"https://openalex.org/S110778218","display_name":"Polish Journal of Environmental Studies","issn_l":"1230-1485","issn":["1230-1485","2083-5906"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","jufo-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4322755110","host_organization_name":"HARD Publishing Company","host_organization_lineage":["https://openalex.org/P4322755110"],"host_organization_lineage_names":["HARD Publishing Company"],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Polish Journal of Environmental Studies","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"http://www.pjoes.com/pdf-172763-96857?filename=Research on Carbon.pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101841540","display_name":"Jia Wei","orcid":"https://orcid.org/0000-0001-9979-4995","observed_orcids":["https://orcid.org/0000-0001-9979-4995"]},"institutions":[{"id":"https://openalex.org/I87445476","display_name":"Xi'an Jiaotong University","ror":"https://ror.org/017zhmm22","country_code":"CN","type":"education","lineage":["https://openalex.org/I87445476"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Jia Wei","raw_affiliation_strings":["School of Economics and Finance, Xi'an Jiaotong University, Xi'an 710061, Shaanxi, P.R. China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics and Finance, Xi'an Jiaotong University, Xi'an 710061, Shaanxi, P.R. China","institution_ids":["https://openalex.org/I87445476"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5045640973","display_name":"Jiahe Chen","orcid":"https://orcid.org/0000-0001-5953-5702","observed_orcids":["https://orcid.org/0000-0001-5953-5702","https://orcid.org/0009-0007-8300-403X"]},"institutions":[{"id":"https://openalex.org/I87445476","display_name":"Xi'an Jiaotong University","ror":"https://ror.org/017zhmm22","country_code":"CN","type":"education","lineage":["https://openalex.org/I87445476"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Jiahe Chen","raw_affiliation_strings":["School of Economics and Finance, Xi'an Jiaotong University, Xi'an 710061, Shaanxi, P.R. China"],"raw_orcid":"https://orcid.org/0009-0007-8300-403X","affiliations":[{"raw_affiliation_string":"School of Economics and Finance, Xi'an Jiaotong University, Xi'an 710061, Shaanxi, P.R. China","institution_ids":["https://openalex.org/I87445476"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5045640973"],"corresponding_institution_ids":["https://openalex.org/I87445476"],"apc_list":null,"apc_paid":null,"fwci":0.5215,"has_fulltext":true,"cited_by_count":3,"citation_normalized_percentile":{"value":0.68472434,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":96,"max":97},"biblio":{"volume":"33","issue":"2","first_page":"1375","last_page":"1389"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.4772999882698059,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.4772999882698059,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10471","display_name":"Climate Change Policy and Economics","score":0.39430001378059387,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.027400000020861626,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/carbon-allowance-prices","display_name":"carbon allowance prices","score":0.8840000033378601},{"id":"https://openalex.org/keywords/emissions-trading","display_name":"emissions trading","score":0.8600000143051147},{"id":"https://openalex.org/keywords/regime-switching-models","display_name":"regime switching","score":0.8259999752044678},{"id":"https://openalex.org/keywords/nonlinear-structures","display_name":"nonlinear structures","score":0.6439999938011169},{"id":"https://openalex.org/keywords/threshold-model","display_name":"threshold model","score":0.8539999723434448},{"id":"https://openalex.org/keywords/price-volatility","display_name":"price volatility","score":0.8360000252723694},{"id":"https://openalex.org/keywords/state-transitions","display_name":"state transitions","score":0.6069999933242798},{"id":"https://openalex.org/keywords/carbon-market-regulation","display_name":"carbon market regulation","score":0.5809999704360962}],"concepts":[{"id":"https://openalex.org/C2779268580","wikidata":"https://www.wikidata.org/wiki/Q3447087","display_name":"Allowance (engineering)","level":2,"score":0.9076024293899536},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.6256203651428223},{"id":"https://openalex.org/C2993946284","wikidata":"https://www.wikidata.org/wiki/Q5037988","display_name":"Carbon market","level":3,"score":0.608417272567749},{"id":"https://openalex.org/C140205800","wikidata":"https://www.wikidata.org/wiki/Q5860","display_name":"Carbon fibers","level":3,"score":0.5782070159912109},{"id":"https://openalex.org/C89611455","wikidata":"https://www.wikidata.org/wiki/Q6804646","display_name":"Mechanism (biology)","level":2,"score":0.5739601254463196},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4429621696472168},{"id":"https://openalex.org/C2779200991","wikidata":"https://www.wikidata.org/wiki/Q20681009","display_name":"Carbon price","level":3,"score":0.438502699136734},{"id":"https://openalex.org/C155739000","wikidata":"https://www.wikidata.org/wiki/Q877707","display_name":"Market structure","level":2,"score":0.4225025475025177},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.40637898445129395},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3331713378429413},{"id":"https://openalex.org/C47737302","wikidata":"https://www.wikidata.org/wiki/Q167336","display_name":"Greenhouse gas","level":2,"score":0.2685062885284424},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.19194474816322327},{"id":"https://openalex.org/C192562407","wikidata":"https://www.wikidata.org/wiki/Q228736","display_name":"Materials science","level":0,"score":0.16407912969589233},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.09157657623291016},{"id":"https://openalex.org/C159985019","wikidata":"https://www.wikidata.org/wiki/Q181790","display_name":"Composite material","level":1,"score":0.07008260488510132},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C21547014","wikidata":"https://www.wikidata.org/wiki/Q1423657","display_name":"Operations management","level":1,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C104779481","wikidata":"https://www.wikidata.org/wiki/Q50707","display_name":"Composite number","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.15244/pjoes/172763","doi":"https://doi.org/10.15244/pjoes/172763","is_oa":true,"landing_page_url":"https://doi.org/10.15244/pjoes/172763","pdf_url":"http://www.pjoes.com/pdf-172763-96857?filename=Research on Carbon.pdf","source":{"id":"https://openalex.org/S110778218","display_name":"Polish Journal of Environmental Studies","issn_l":"1230-1485","issn":["1230-1485","2083-5906"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","jufo-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4322755110","host_organization_name":"HARD Publishing Company","host_organization_lineage":["https://openalex.org/P4322755110"],"host_organization_lineage_names":["HARD Publishing Company"],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Polish Journal of Environmental Studies","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.15244/pjoes/172763","doi":"https://doi.org/10.15244/pjoes/172763","is_oa":true,"landing_page_url":"https://doi.org/10.15244/pjoes/172763","pdf_url":"http://www.pjoes.com/pdf-172763-96857?filename=Research on Carbon.pdf","source":{"id":"https://openalex.org/S110778218","display_name":"Polish Journal of Environmental Studies","issn_l":"1230-1485","issn":["1230-1485","2083-5906"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","jufo-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4322755110","host_organization_name":"HARD Publishing Company","host_organization_lineage":["https://openalex.org/P4322755110"],"host_organization_lineage_names":["HARD Publishing Company"],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Polish Journal of Environmental Studies","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.7648000121116638,"id":"https://metadata.un.org/sdg/13","display_name":"Climate action"}],"study_designs":[],"awards":[{"id":"https://openalex.org/G2737516532","display_name":null,"funder_award_id":"71804141","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4388942479.pdf","grobid_xml":"https://content.openalex.org/works/W4388942479.grobid-xml"},"referenced_works_count":47,"referenced_works":["https://openalex.org/W2000774474","https://openalex.org/W2052441401","https://openalex.org/W2060629445","https://openalex.org/W2074812030","https://openalex.org/W2108306139","https://openalex.org/W2151462549","https://openalex.org/W2522664049","https://openalex.org/W2594669515","https://openalex.org/W2616812398","https://openalex.org/W2736948845","https://openalex.org/W2770138528","https://openalex.org/W2776295699","https://openalex.org/W2802866332","https://openalex.org/W2891098894","https://openalex.org/W2896597937","https://openalex.org/W2912956233","https://openalex.org/W2968026582","https://openalex.org/W2978175056","https://openalex.org/W2987277625","https://openalex.org/W2995422588","https://openalex.org/W3002644561","https://openalex.org/W3015545185","https://openalex.org/W3026288959","https://openalex.org/W3032142937","https://openalex.org/W3034954906","https://openalex.org/W3111567487","https://openalex.org/W3121895175","https://openalex.org/W3125368651","https://openalex.org/W3161234301","https://openalex.org/W3196578054","https://openalex.org/W3203239442","https://openalex.org/W3206464401","https://openalex.org/W4200190704","https://openalex.org/W4200200128","https://openalex.org/W4210774919","https://openalex.org/W4221006120","https://openalex.org/W4281759143","https://openalex.org/W4292325087","https://openalex.org/W4294989739","https://openalex.org/W4297229204","https://openalex.org/W4309576552","https://openalex.org/W4312116192","https://openalex.org/W4313537452","https://openalex.org/W4313823938","https://openalex.org/W4315641150","https://openalex.org/W4317934630","https://openalex.org/W4319441814"],"related_works":["https://openalex.org/W2978175056","https://openalex.org/W4405850563","https://openalex.org/W4300609585","https://openalex.org/W4391485007","https://openalex.org/W4396533689","https://openalex.org/W3199135459","https://openalex.org/W3002644561","https://openalex.org/W2896597937","https://openalex.org/W4405740540","https://openalex.org/W4391617233"],"abstract_inverted_index":{"Carbon":[0],"allowance":[1],"prices":[2],"(CAP)":[3],"directly":[4],"reflect":[5],"the":[6,10,15,18,28,33,42,50,53,74,79,91,100,110,121,136,167,179,188],"overall":[7],"movement":[8],"of":[9,17,44,66,73,94,102,124,138],"carbon":[11,19,29,48,129,152,180,189],"market,":[12,49,130],"which":[13,96],"is":[14,86,115],"core":[16],"market":[20,153,181],"operation":[21,93],"and":[22,36,62,69,81,105,135,163,176],"an":[23,156],"important":[24],"perspective":[25],"for":[26,149,174],"studying":[27,41],"market.":[30,190],"Based":[31],"on":[32,187],"threshold":[34],"model":[35],"regime":[37],"switching":[38],"model,":[39],"through":[40],"performance":[43],"CAP":[45,57,103,125,140],"in":[46,78,90,127,166,178],"China\u2019s":[47,128,151],"paper":[51,170],"has":[52],"following":[54],"conclusions.":[55],"First,":[56],"show":[58],"significant":[59],"non-linear":[60],"structure":[61],"three":[63],"operating":[64],"intervals":[65],"high,":[67],"medium,":[68],"low,":[70],"with":[71],"most":[72],"time":[75],"being":[76],"active":[77],"medium":[80],"low":[82],"intervals.":[83],"Second,":[84],"there":[85],"a":[87],"stabilization":[88],"mechanism":[89],"current":[92],"CAP,":[95],"can":[97],"adequately":[98],"regulate":[99],"trend":[101],"fluctuations":[104],"eventually":[106],"converge":[107],"back":[108],"to":[109,143,159,182],"normal":[111],"state.":[112],"Finally,":[113],"it":[114],"found":[116],"that":[117],"moderate":[118],"increases":[119],"are":[120],"main":[122],"form":[123],"volatility":[126,141],"but":[131],"other":[132],"possible":[133],"states":[134],"risk":[137],"abnormal":[139],"due":[142],"state":[144],"transformation":[145],"still":[146],"exist.":[147],"Furthermore,":[148],"investors,":[150],"may":[154],"be":[155],"ideal":[157],"place":[158],"make":[160,183],"long-term":[161],"investments":[162],"hedge":[164],"risks":[165],"future.":[168],"This":[169],"provides":[171],"theoretical":[172],"support":[173],"investors":[175],"regulators":[177],"scientific":[184],"decisions":[185],"based":[186]},"counts_by_year":[{"year":2026,"cited_by_count":3}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2023-11-24T00:00:00"}
