Regional imbalances of market efficiency in China’s pilot emission trading schemes (ETS): A multifractal perspective

• Published in: Research in international business and finance Vol. 63; p. 101758
• Main Authors: Chai, Shanglei, Yang, Xiaoli, Zhang, Zhen, Abedin, Mohammad Zoynul, Lucey, Brian
• Format: Journal Article
• Language: English
• Published: Elsevier B.V 01.12.2022
• Subjects: China's emission trading schemes (ETS); Climate change; Market efficiency; Multifractal detrended fluctuation analysis (MFDFA); Climate change; Market efficiency; Multifractal detrended fluctuation analysis (MFDFA); China's emission trading schemes (ETS)

China's emission trading schemes (ETS) have caused great concern worldwide. Exploring the regional imbalance of market efficiency in China's pilot ETS is a crucial task. We use empirical mode decomposition (EMD)-based multifractal detrended fluctuation analysis (MFDFA) to analyze market ef...