Affiliations: [a]
Postdoctoral Research Station of Zhongnan University of Economics and Law, Wuhan, Hubei, China
| [b]
Wuhan New Opto Electronic Information Technology Co., Ltd, Wuhan, Hubei, China
| [c] Chang Jiang Polytechnic, Wuhan, Hubei, China
Correspondence:
[*]
Corresponding author. Wang Huafeng, Wuhan New Opto Electronic Information Technology Co., Ltd, Wuhan, Hubei, China. E-mail: [email protected].
Abstract: Extreme value theory can analyze the extreme changes of financial market returns, and it is an effective financial risk management model. The distribution characteristics of financial assets’ returns are the core content of all financial models. The assumptions about the fluctuation behavior of returns and its distribution characteristics are of great theoretical and practical significance for the measurement and management of financial risks. We compare the estimates of value at risk by the peak over threshold model with that by the traditional variance-covariance method. During downturns, the peak over threshold model based value at risk estimates is higher relative to that by the traditional variance-covariance approach. At the same time, this paper conducts statistical analysis of basic data through data collection and combines the establishment of statistical methods to study the practical effects of various factors on carbon productivity in China. In addition, this paper constructs a low-carbon economic neural network model based on particle swarm optimization to study carbon emissions. Finally, on the basis of analysis and research, this paper puts forward policy recommendations for China’s future low-carbon development model, and then provides reference for guiding the development of China’s future low-carbon model and provides theoretical basis for subsequent related research.
