Research Article
GARCH-Type Model with Continuous and Jump Variation for Stock Volatility and Its Empirical Study in China
Table 1
Descriptive statistics of each variable.
| | Mean | Std. dev. | Skewness | Kurtosis | Jarque-Bera | ADF- statistic |
| | −0.0152 | 2.1141 | −0.2647 | 4.9345 | 200.95*** | −32.901*** | | 4.3471 | 6.8083 | 5.9174 | 49.075 | 113055*** | −10.710*** | | 3.3412 | 4.3445 | 5.9456 | 65.248 | 200641*** | −7.7154*** | | 1.0058 | 4.8285 | 9.5878 | 109.80 | 588177*** | −16.145*** | | 0.9600 | 0.9323 | 0.5180 | 3.2163 | 55.961*** | −4.9183*** | | 0.7650 | 0.8992 | 0.3525 | 2.8382 | 26.138*** | −5.3556*** | | 0.2825 | 0.6209 | 3.0445 | 14.085 | 7990.6*** | −16.266*** |
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*** denotes significance at 1% significance level.
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