An empirical study of the time-varying spillover effects between China’s crude oil futures market and new energy markets

The time-varying spillover effect of China’s crude oil futures market and new energy has an important impact on promoting the green development economy. This study uses dynamic connectedness method based DCC-GARCH model to analyze effects between Shanghai various industries in markets. results show that there was a stable volatility correlation high degree stock market. vehicle storage were driving market, while both wind power photovoltaic driven by market.With analysis results, provides scientific policy recommendations for which are expected contribute sustainable