Sustainable Energy Consumption in Northeast Asia: A Case from China’s Fuel Oil Futures Market
AbstractThe sustainable energy consumption in northeast Asia has a huge impact on regional stability and economic growth, which gives price volatility research in the energy market both theoretical value and practical application. We select China’s fuel oil futures market as a research subject and use recurrence interval analysis to investigate the price volatility pattern in different thresholds. We utilize the stretched exponential function to fit the pattern of the recurrence intervals of price fluctuations and find that the probability density functions of the recurrence intervals in different thresholds do not show the scaling behavior. Then the conditional probability density function and detrended fluctuation analysis prove that there is short-term and long-term correlation. Last, we use a hazard function to introduce the recurrence intervals into the (value at risk) VaR calculation and establish a functional relationship between the mean recurrence interval and the threshold. Following this result, we also shed light on policy discussion for hedgers and government. View Full-Text
Scifeed alert for new publicationsNever miss any articles matching your research from any publisher
- Get alerts for new papers matching your research
- Find out the new papers from selected authors
- Updated daily for 49'000+ journals and 6000+ publishers
- Define your Scifeed now
Zhang, C.; Pu, Z.; Zhou, Q. Sustainable Energy Consumption in Northeast Asia: A Case from China’s Fuel Oil Futures Market. Sustainability 2018, 10, 261.
Zhang C, Pu Z, Zhou Q. Sustainable Energy Consumption in Northeast Asia: A Case from China’s Fuel Oil Futures Market. Sustainability. 2018; 10(1):261.Chicago/Turabian Style
Zhang, Chi; Pu, Zhengning; Zhou, Qin. 2018. "Sustainable Energy Consumption in Northeast Asia: A Case from China’s Fuel Oil Futures Market." Sustainability 10, no. 1: 261.
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.