Research Article

Carbon Market Efficiency and Economic Policy Uncertainty: Evidence from a TVP-VAR Model

Table 3

Estimation result.

ParameterMeanSteDev95% L95% UGewekeInef

sb10.02270.00250.01840.02840.9413.73
sb20.02250.00260.01810.02820.9073.34
sa10.07970.03120.04170.15610.85330.13
sa20.07490.02330.04180.13160.46421.41
sh10.20500.10510.07380.48370.06165.25
sh20.22080.08520.10390.42670.42834.42