Asymmetric Spillover Effects Between Agricultural Commodity Prices and Biofuel Energy Prices

Nicholas Apergis; Sofia Eleftheriou; Dimitrios Voliotis

Makale detayları

Asymmetric Spillover Effects Between Agricultural Commodity Prices and Biofuel Energy Prices

Yazarlar:

Nicholas Apergis | Sofia Eleftheriou | Dimitrios Voliotis

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Energy Economics and Policy 2017 Vol.7 Issue 1, pp.166-177

Belge Tipi:

Makale

Yayın Tarihi:

2/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000816174

Sıklık:

İki Aylık

eISSN:

2146-4553

Özet:

 

This study addresses the problem of causal price relationships of biofuels for an enhanced group of agricultural commodities to capture possible asymmetric causal effects. It investigates the long-run equilibrium and assumes that an adjustment process toward this equilibrium exists. The adjustment process can be non-linear, implying that we can identify critical thresholds that determine regions in the sample that once exceeded, price inter linkages may vary. The empirical results indicate that there are commodity prices that have strong causal (asymmetric) relationship with biofuel energy prices.

Makale detayları

Asymmetric Spillover Effects Between Agricultural Commodity Prices and Biofuel Energy Prices

Yazarlar: Nicholas Apergis | Sofia Eleftheriou | Dimitrios Voliotis

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Energy Economics and Policy 2017 Vol.7 Issue 1, pp.166-177

Belge Tipi: Makale

Yayın Tarihi: 2/2017

Belge Dili: Türkçe

Document ID (Org No.): 2000816174

Sıklık: İki Aylık

eISSN: 2146-4553

Sayı

Yazarlar:

Nicholas Apergis | Sofia Eleftheriou | Dimitrios Voliotis

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Energy Economics and Policy 2017 Vol.7 Issue 1, pp.166-177

Belge Tipi:

Makale

Yayın Tarihi:

2/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000816174

Sıklık:

İki Aylık

eISSN:

2146-4553