Economic Policy Uncertainty and Chinese Stock Market Volatility: A CARR-MIDAS Approach

Table 1

Summary statistics.

	Mean	Min.	Max.	Std. dev.	Skewness	Kurtosis	Jarque–Bera	Q(10)
Panel A: daily range
SSEC	0.0110	0.0015	0.0639	0.0075	2.1969	9.9680	10995.7980	9176.8674
Panel B: monthly EPU
CEPU	261.6636	26.1441	970.8299	242.6354	1.4383	4.0095	74.3495	1240.5849
GEPU	145.2330	48.8196	429.5147	72.9342	1.2406	4.4544	66.1778	1015.1523

Q(10) is the Ljung–Box statistic for autocorrelation up to 10 lags.