Risk Transmission of the Regions in the Yangtze River Economic Belt

This study mainly uses the method of effective transfer entropy (ETE) to study the risk transmission in each year among the 11 provinces and municipalities in the Yangtze River Economic Belt during the last five years. From the results of the risk transmission network, centralities of the regions, a...

Full description

Saved in:
Bibliographic Details
Main Authors: Xianbo Wu, Xiaofeng Hui
Format: Article
Language:English
Published: Wiley 2020-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2020/8876883
Tags: Add Tag
No Tags, Be the first to tag this record!
_version_ 1832550917286658048
author Xianbo Wu
Xiaofeng Hui
author_facet Xianbo Wu
Xiaofeng Hui
author_sort Xianbo Wu
collection DOAJ
description This study mainly uses the method of effective transfer entropy (ETE) to study the risk transmission in each year among the 11 provinces and municipalities in the Yangtze River Economic Belt during the last five years. From the results of the risk transmission network, centralities of the regions, and maximum spanning trees, it can be seen that, in the years of 2015 and 2016, the risk transmission in the Yangtze River Economic Belt is relatively large, and in 2015, Shanghai is the main risk exporter. This may be mainly due to the violent turbulence in the Chinese stock market, and in 2016, although Chinese stock market is in a stable position, the whole risk transmission is still high, but the difference from 2015 is that the input and output risk of each province and municipality are more uniform and are no longer like Shanghai as the main exporter of risk in 2015. From the perspective of risk spillover, the overall trend is from the western region of China to the central region, and finally to the eastern region. Specifically, from the results of the maximum spanning tree, except the stock market crash period in 2015, Chongqing, Guizhou, and Yunnan (the western region) are the main exporters of risk, while Jiangsu, Zhejiang, and Shanghai (the eastern region) are often at the edge at this time, and from the results of the centrality of the region indexes, Hubei, Jiangxi, and Anhui (the central region) are in the hub position of risk transmission.
format Article
id doaj-art-8631ace9cd644395ab7d7d1ee29cb567
institution Kabale University
issn 1026-0226
1607-887X
language English
publishDate 2020-01-01
publisher Wiley
record_format Article
series Discrete Dynamics in Nature and Society
spelling doaj-art-8631ace9cd644395ab7d7d1ee29cb5672025-02-03T06:05:28ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2020-01-01202010.1155/2020/88768838876883Risk Transmission of the Regions in the Yangtze River Economic BeltXianbo Wu0Xiaofeng Hui1School of Management, Harbin Institute of Technology, Harbin 150001, ChinaSchool of Management, Harbin Institute of Technology, Harbin 150001, ChinaThis study mainly uses the method of effective transfer entropy (ETE) to study the risk transmission in each year among the 11 provinces and municipalities in the Yangtze River Economic Belt during the last five years. From the results of the risk transmission network, centralities of the regions, and maximum spanning trees, it can be seen that, in the years of 2015 and 2016, the risk transmission in the Yangtze River Economic Belt is relatively large, and in 2015, Shanghai is the main risk exporter. This may be mainly due to the violent turbulence in the Chinese stock market, and in 2016, although Chinese stock market is in a stable position, the whole risk transmission is still high, but the difference from 2015 is that the input and output risk of each province and municipality are more uniform and are no longer like Shanghai as the main exporter of risk in 2015. From the perspective of risk spillover, the overall trend is from the western region of China to the central region, and finally to the eastern region. Specifically, from the results of the maximum spanning tree, except the stock market crash period in 2015, Chongqing, Guizhou, and Yunnan (the western region) are the main exporters of risk, while Jiangsu, Zhejiang, and Shanghai (the eastern region) are often at the edge at this time, and from the results of the centrality of the region indexes, Hubei, Jiangxi, and Anhui (the central region) are in the hub position of risk transmission.http://dx.doi.org/10.1155/2020/8876883
spellingShingle Xianbo Wu
Xiaofeng Hui
Risk Transmission of the Regions in the Yangtze River Economic Belt
Discrete Dynamics in Nature and Society
title Risk Transmission of the Regions in the Yangtze River Economic Belt
title_full Risk Transmission of the Regions in the Yangtze River Economic Belt
title_fullStr Risk Transmission of the Regions in the Yangtze River Economic Belt
title_full_unstemmed Risk Transmission of the Regions in the Yangtze River Economic Belt
title_short Risk Transmission of the Regions in the Yangtze River Economic Belt
title_sort risk transmission of the regions in the yangtze river economic belt
url http://dx.doi.org/10.1155/2020/8876883
work_keys_str_mv AT xianbowu risktransmissionoftheregionsintheyangtzerivereconomicbelt
AT xiaofenghui risktransmissionoftheregionsintheyangtzerivereconomicbelt