Table 3 .

VAR-ADCC-GARCH analysis of green bond and WTI markets

Variables	CB	WTI
V	1.0136 (0.03) *	− 1.2282 (0.73)
$r_{t-1}^b$	1.0023 (0.12)	− 1.0991 (0.01) **
$r_{t-1}^o$	1.1032 (0.01) **	45.8427 (0.01) *
${\epsilon }_{b,t-1}^2$	1.00002 (0.17)	1.0909 (0.01) **
${\epsilon }_{o,t-1}^2$	1.8146 (0.01) *	− 13.5618 (0.01) **
$h_{t-1}^b$	− 1.00002 (0.03) *	1.8809 (0.01) *
$h_{t-1}^s$	1.2704 (0.01) **
${\theta }_1$	1.0035 (0.05) *
${\theta }_2$	1.0045 (0.01) **
Log likelihood	− 1404.29
ARCH-LM	0.77 (0.68)