Performance of the Chinese energy market in times of Russian military interventions

Pablo Tapia, Boris Pastén and Jorge Sepulveda Velasquez

MPRA Paper from University Library of Munich, Germany

Abstract: China is the world’s largest importer and Russia one of its main exporters, particularly of energy. Consequently, foreign military activities by Russia could influence the performance of China’s energy market. The research objective is to present evidence on the effects of the 2002-2022 Russian military interventions on the returns of the Chinese energy market. Using event study methodology, we found evidence that Russian military intervention announcements had positive and negative effects on these returns. These findings suggest that the effect of these interventions could be related to the level of acceptance of each intervention and relationship between China and Russia.

Keywords: China; energy markets; war; market efficiency; event study (search for similar items in EconPapers)
JEL-codes: G11 G14 G15 (search for similar items in EconPapers)
Date: 2022-04-10
New Economics Papers: this item is included in nep-cis, nep-cna, nep-ene, nep-int and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:112747

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