基地研究员任晓航副教授合作论文“How does green investment respond differently to decomposed oil shocks?”在国际知名期刊Resources Policy在线发表。Resources Policy是一本被SSCI收录的环境研究领域国际知名期刊，位列JCR分区Q1，中科院分区一区Top刊，专门研究与矿物和化石燃料开采、生产和使用相关的经济和政策问题。

摘要：This study investigates the asymmetric impact of oil price shocks on green investment by using a Nonlinear Autoregressive Distributed Lag (NARDL) framework. Oil price shocks are decomposed from perspectives of supply, demand, and risk of the oil market, and the green investment is proxied by the Dow Jones Sustainability World Index. The asymmetry of the oil price impact is examined from different sources of the shocks and the condition when the specific shock level is positive or negative. Our findings indicate that impacts of oil shocks on green investment are different depending on sources of the shocks and time horizons. Specifically, supply shocks exhibit no obvious asymmetric effects. Positive and negative changes of the demand shock depict asymmetric impacts on green investment, while such an asymmetry gradually evolves to be symmetric in the long-run. In contrast, the impact of risk shocks is symmetric in the short-run while being evolved to be asymmetric in the long-run. Moreover, the linkage of oil shocks with green investment is shown to be altered by unanticipated events such as the financial crisis or the COVID-19 pandemic, suggesting the uncertainty embedded in the two is somewhat similar.

关键词：Oil price shocks, Green investment, Green economic transition, NARDL

链接：https://doi.org/10.1016/j.resourpol.2024.104997

作者简介

任晓航，中南大学商学院特聘副教授，Elsevier中国高被引学者，全球前2%顶尖科学家，主要从事能源金融、金融风险、金融计量等方面的研究，在Journal of the American Statistical Association、Transportation Research Part A、Energy Economics、Quantitative Finance、Review of Quantitative Finance and Accounting、International Review of Financial Analysis、Technological Forecasting and Social Change、Business Strategy and the Environment、Pacific-Basin Finance Journal、Applied Energy、Resources Policy、Renewable & Sustainable Energy Review、Energy、管理科学学报（英文版）、系统工程理论与实践、中国管理科学等国内外权威期刊上发表论文一百余篇，其中ESI热点文章/高被引论文三十余篇。担任Sustainable Communities(Taylor & Francis)领域主编，Humanities & Social Sciences Communications（Nature旗下唯一面向人文社会科学的子刊）等期刊副主编，Climate Change Economics, Economic Change and Restructuring等SSCI期刊客座主编。