Asymmetric Impact of Oil Price Shock on Stock Market in China: A Combination Analysis Based on SVAR Model and NARDL Model

[1 ] School of Public Administration, Central South University, Changsha, China

[2 ] School of Finance, Wenzhou University, Wenzhou, China

[3 ] Laboratory of Systems Ecology and Sustainability Science, College of Engineering, Peking University, Beijing, China

[4 ] School of Economics, Renmin University of China, Beijing, China

[5 ] Institute of China’s Economic Reform & Development, Renmin University of China, Beijing, China