Research Article
Cross-Market Infection Research on Stock Herding Behavior Based on DGC-MSV Models and Bayesian Network
Table 3
Volatility spillover parameter estimation result.
| | NA | SP | SH | SZ | HK | JP | UK | FA | GE |
| NA | — | 0.2393 | 0.6552 | 0.6354 | −0.003 | 0.322 | −0.031 | 0.2401 | 0.2156 | SP | 0.1 | — | 0.5662 | 0.3968 | 0.0087 | 0.1833 | −0.163 | 0.1108 | 0.1089 | SH | 0.0397 | 0.0423 | — | 0.2786 | 0.0557 | 0.0337 | 0.1086 | 0.1534 | 0.1137 | SZ | 0.0434 | 0.0594 | 0.0872 | — | 0.0711 | 0.0287 | 0.1608 | 0.1077 | 0.129 | HK | 0.4577 | 0.0087 | 0.6744 | 0.6684 | — | 0.6907 | 0.401 | 0.3567 | 0.3122 | JP | 0.0132 | 0.0168 | 0.3417 | 0.3751 | 0.0257 | — | 0.1807 | 0.1608 | 0.0599 | UK | 0.2809 | 0.3848 | 0.2952 | 0.1784 | 0.0586 | 0.0365 | — | 0.0967 | 0.152 | FA | 0.0400 | 0.0360 | 0.195 | 0.3979 | 0.0783 | 0.1009 | 0.2286 | — | 0.1771 | GE | 0.0641 | 0.0729 | 0.2627 | 0.2722 | 0.1136 | 0.207 | 0.217 | 0.2232 | — |
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