{"id":"https://openalex.org/W4304128439","doi":"https://doi.org/10.1155/2022/6944318","title":"Economic Policy Uncertainty Shocks and Chinese Stock Market Volatility: An Empirical Analysis with SVAR","display_name":"Economic Policy Uncertainty Shocks and Chinese Stock Market Volatility: An Empirical Analysis with SVAR","publication_year":2022,"publication_date":"2022-01-01","ids":{"openalex":"https://openalex.org/W4304128439","doi":"https://doi.org/10.1155/2022/6944318"},"language":"en","primary_location":{"id":"doi:10.1155/2022/6944318","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2022/6944318","pdf_url":"https://downloads.hindawi.com/journals/complexity/2022/6944318.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://downloads.hindawi.com/journals/complexity/2022/6944318.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5065429094","display_name":"Dongliang Cai","orcid":"https://orcid.org/0000-0002-2865-0430"},"institutions":[{"id":"https://openalex.org/I204831749","display_name":"Southwestern University of Finance and Economics","ror":"https://ror.org/04ewct822","country_code":"CN","type":"education","lineage":["https://openalex.org/I204831749"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Dongliang Cai","raw_affiliation_strings":["School of Finance, Southwestern University of Finance and Economics, Chengdu, China"],"affiliations":[{"raw_affiliation_string":"School of Finance, Southwestern University of Finance and Economics, Chengdu, China","institution_ids":["https://openalex.org/I204831749"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5091155790","display_name":"Tong Zhang","orcid":"https://orcid.org/0000-0001-7642-6794"},"institutions":[{"id":"https://openalex.org/I204831749","display_name":"Southwestern University of Finance and Economics","ror":"https://ror.org/04ewct822","country_code":"CN","type":"education","lineage":["https://openalex.org/I204831749"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Tong Zhang","raw_affiliation_strings":["Institute of Chinese Financial Studies, Southwestern University of Finance and Economics, Chengdu, China","School of Finance, Southwestern University of Finance and Economics, Chengdu, China"],"affiliations":[{"raw_affiliation_string":"Institute of Chinese Financial Studies, Southwestern University of Finance and Economics, Chengdu, China","institution_ids":["https://openalex.org/I204831749"]},{"raw_affiliation_string":"School of Finance, Southwestern University of Finance and Economics, Chengdu, China","institution_ids":["https://openalex.org/I204831749"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5031733463","display_name":"Kefei Han","orcid":"https://orcid.org/0000-0001-8160-0646"},"institutions":[{"id":"https://openalex.org/I204831749","display_name":"Southwestern University of Finance and Economics","ror":"https://ror.org/04ewct822","country_code":"CN","type":"education","lineage":["https://openalex.org/I204831749"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Kefei Han","raw_affiliation_strings":["School of Finance, Southwestern University of Finance and Economics, Chengdu, China"],"affiliations":[{"raw_affiliation_string":"School of Finance, Southwestern University of Finance and Economics, Chengdu, China","institution_ids":["https://openalex.org/I204831749"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5102495097","display_name":"Jingqi Liang","orcid":null},"institutions":[{"id":"https://openalex.org/I78675632","display_name":"Beijing Information Science & Technology University","ror":"https://ror.org/04xnqep60","country_code":"CN","type":"education","lineage":["https://openalex.org/I78675632"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Jingqi Liang","raw_affiliation_strings":["School of Administration, Beijing Information Science and Technology University, Beijing, China"],"affiliations":[{"raw_affiliation_string":"School of Administration, Beijing Information Science and Technology University, Beijing, China","institution_ids":["https://openalex.org/I78675632"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5031733463"],"corresponding_institution_ids":["https://openalex.org/I204831749"],"apc_list":{"value":2300,"currency":"USD","value_usd":2300},"apc_paid":{"value":2300,"currency":"USD","value_usd":2300},"fwci":3.2876,"has_fulltext":true,"cited_by_count":12,"citation_normalized_percentile":{"value":0.93310181,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":99},"biblio":{"volume":"2022","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9998999834060669,"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":0.9998999834060669,"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/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9860000014305115,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and 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"}},{"id":"https://openalex.org/T10438","display_name":"Energy, Environment, Economic Growth","score":0.9757000207901001,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.7139203548431396},{"id":"https://openalex.org/keywords/volatility","display_name":"Volatility (finance)","score":0.7015451788902283},{"id":"https://openalex.org/keywords/stock-market","display_name":"Stock market","score":0.6263786554336548},{"id":"https://openalex.org/keywords/composite-index","display_name":"Composite index","score":0.5816755890846252},{"id":"https://openalex.org/keywords/stock","display_name":"Stock (firearms)","score":0.47820472717285156},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.4768323004245758},{"id":"https://openalex.org/keywords/standard-deviation","display_name":"Standard deviation","score":0.46996352076530457},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.432706356048584},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.40595853328704834}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7139203548431396},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.7015451788902283},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.6263786554336548},{"id":"https://openalex.org/C2778098375","wikidata":"https://www.wikidata.org/wiki/Q19596433","display_name":"Composite index","level":3,"score":0.5816755890846252},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.47820472717285156},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4768323004245758},{"id":"https://openalex.org/C22679943","wikidata":"https://www.wikidata.org/wiki/Q159375","display_name":"Standard deviation","level":2,"score":0.46996352076530457},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.432706356048584},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.40595853328704834},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C2992405062","wikidata":"https://www.wikidata.org/wiki/Q18208028","display_name":"Composite indicator","level":2,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1155/2022/6944318","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2022/6944318","pdf_url":"https://downloads.hindawi.com/journals/complexity/2022/6944318.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:hin:complx:6944318","is_oa":false,"landing_page_url":"http://downloads.hindawi.com/journals/complexity/2022/6944318.xml","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:5813db735bd44bd1a2b008a62ac57ce9","is_oa":true,"landing_page_url":"https://doaj.org/article/5813db735bd44bd1a2b008a62ac57ce9","pdf_url":null,"source":{"id":"https://openalex.org/S112646816","display_name":"SHILAP Revista de lepidopterolog\u00eda","issn_l":"0300-5267","issn":["0300-5267","2340-4078"],"is_oa":true,"is_in_doaj":true,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Complexity, Vol 2022 (2022)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1155/2022/6944318","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2022/6944318","pdf_url":"https://downloads.hindawi.com/journals/complexity/2022/6944318.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4304128439.pdf","grobid_xml":"https://content.openalex.org/works/W4304128439.grobid-xml"},"referenced_works_count":35,"referenced_works":["https://openalex.org/W1497618959","https://openalex.org/W1562701093","https://openalex.org/W1601754126","https://openalex.org/W2099378469","https://openalex.org/W2100923907","https://openalex.org/W2144836007","https://openalex.org/W2253408436","https://openalex.org/W2283133079","https://openalex.org/W2290018798","https://openalex.org/W2527280779","https://openalex.org/W2579916082","https://openalex.org/W2611921244","https://openalex.org/W2614051658","https://openalex.org/W2702413855","https://openalex.org/W2762185029","https://openalex.org/W2776069088","https://openalex.org/W2804791005","https://openalex.org/W2891549158","https://openalex.org/W2899488590","https://openalex.org/W2920662170","https://openalex.org/W2987811658","https://openalex.org/W3121806304","https://openalex.org/W3123675828","https://openalex.org/W3124064046","https://openalex.org/W3124688932","https://openalex.org/W3125040857","https://openalex.org/W3125975571","https://openalex.org/W3126081245","https://openalex.org/W3130255023","https://openalex.org/W3182396436","https://openalex.org/W3203620981","https://openalex.org/W4236290419","https://openalex.org/W4240542025","https://openalex.org/W4300563855","https://openalex.org/W6678002103"],"related_works":["https://openalex.org/W118630527","https://openalex.org/W38289631","https://openalex.org/W4252337044","https://openalex.org/W2592886773","https://openalex.org/W2922142213","https://openalex.org/W4211121235","https://openalex.org/W2370669686","https://openalex.org/W4386639254","https://openalex.org/W162061932","https://openalex.org/W2369766479"],"abstract_inverted_index":{"This":[0],"paper":[1],"proposes":[2],"a":[3,94,164],"framework":[4],"for":[5,179],"examining":[6],"the":[7,21,28,37,40,46,52,64,68,79,100,104,127,130,133,154,161,180,184],"interaction":[8],"between":[9],"stock":[10,30,48,65,80,101,117,186],"market":[11,53,187],"volatilities":[12],"and":[13,87,126,176,188],"economic":[14,24,41,59,89,139],"uncertainty":[15,25,43,61,91,141],"shocks,":[16,92],"aiming":[17],"to":[18,85,138],"understand":[19],"better":[20],"influence":[22],"of":[23,58,67,103,122,129,132,156,167,183],"shocks":[26,44,142],"on":[27],"Chinese":[29,47,185],"market.":[31],"The":[32],"major":[33],"empirical":[34,157],"results":[35,158,172],"include":[36],"followings.":[38],"First,":[39],"policy":[42,60,90,140,175],"push":[45],"volatility":[49,66,81,102,131],"up,":[50],"increasing":[51],"risk.":[54],"A":[55],"1\u2010standard\u2010deviation":[56,95],"shock":[57,96],"will":[62],"enhance":[63,99],"two":[69,105],"composite":[70,106],"indices":[71,107,118],"by":[72,108,159],"approximately":[73],"7%":[74],"in":[75,112],"12":[76,113],"months.":[77,114],"Second,":[78],"reacted":[82],"more":[83,109,144],"intensely":[84],"fiscal":[86],"monetary":[88],"with":[93,163],"that":[97],"can":[98,173],"than":[110,147],"10%":[111],"Third,":[115],"different":[116,120],"exhibit":[119],"patterns":[121],"cumulative":[123],"impulse":[124],"responses,":[125],"reaction":[128],"SSE":[134],"real":[135],"estate":[136],"index":[137],"is":[143],"significantly":[145],"intense":[146],"other":[148],"indices.":[149],"Besides,":[150],"we":[151],"have":[152],"proved":[153],"robustness":[155],"reestimating":[160],"models":[162],"lag":[165],"order":[166],"2.":[168],"Overall,":[169],"our":[170],"research":[171],"provide":[174],"managerial":[177],"insights":[178],"sustainable":[181],"development":[182],"beyond.":[189]},"counts_by_year":[{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":2}],"updated_date":"2026-04-05T17:49:38.594831","created_date":"2025-10-10T00:00:00"}