Asymmetric Risk Spillover Networks and Risk Contagion Driver in Chinese Financial Markets: The Perspective of Economic Policy Uncertainty

Table 8

Robustness test based on the global economic policy uncertainty index.

	(1)	(2)	(3)
GEPU	0.0604		0.0475
CPI		0.2370	0.2517
CSI 300 turnover rate		−0.1038	−0.0550
Industrial value added		−1.2281	−0.9464
CSI 300 PE ratio		−0.6000	−0.4755
Treasury term spread		5.5265	5.8121
C	4.55E − 12	2.94E − 12	3.93E − 12
R-squared	0.1380	0.1869	0.2624
Adjusted R^2	0.1325	0.1601	0.2331

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