AI Article Synopsis
- The paper analyzes spillover effects between crude oil prices and agricultural commodity markets during the Covid-19 outbreak using two models.
- Findings show increased return spillover during the crisis compared to pre-Covid-19 times, with varying intensity and direction of these interactions over the study period.
- The results highlight significant differences among agricultural commodities in their spillover effects on crude oil prices, offering valuable insights for investors and policymakers.
Article Abstract
This paper represents an analysis of the spillover effects and time-frequency connectedness between crude oil prices and agricultural commodity markets using both the spillover index of Diebold and Yilmaz (2012) and the wavelet coherence model to evaluate whether the time-varying return spillover index exhibited the intensity and direction of transmission during the Covid-19 outbreak. Overall, the current results shed light on that in comparison with the pre-Covid-19 period, and the return spillover is more apparent during the Covid-19 crisis. However, levels of the intensity of this relationship vary through the period of research, with several intervals witnessing both negative and positive interactions. Further, our findings indicate significant heterogeneity among agriculture commodity markets in the degree of spillover to crude oil prices over time, amplifying our understanding of the economic channels through which the agriculture commodity markets are correlated. More importantly, there exist significant dependent patterns about the information spillovers across the crude oil and agriculture commodity markets might provide prominent implications for portfolio managers, investors, and government agencies.
Download full-text PDF |
Source |
|---|---|
| http://www.ncbi.nlm.nih.gov/pmc/articles/PMC8434820 | PMC |
| http://dx.doi.org/10.1016/j.resourpol.2021.102236 | DOI Listing |
Publication Analysis
Top Keywords
Similar Publications
Exploring volatility transmission in Capesize freight contracts: Insights from energy and commodity markets.
PLoS One
January 2025
School of Economics & Management, Shanghai Maritime University, Shanghai, China.
Analyzing the interactions between spot and time charter freight is crucial for the maritime industry. While numerous studies have explored the relationship between average freight indices and spillover effects, a gap remains in understanding the deeper connections between inter-regional shipping routes and chartering contracts. This research investigates the role of Capesize freight dynamics in shaping the regional dry bulk freight market, with a focus on the influence of energy and commodity price fluctuations.
View Article and Find Full Text PDFThe early market access vehicle - An innovative demand-driven model to catalyse introduction of new optimal health products in low- and middle-income countries.
Health Policy Open
June 2025
Strategy Division, Unitaid, Geneva, Switzerland.
Low-and middle-income countries (LMICs) account for a significant proportion of the burden of disease for communicable illnesses globally; with malaria, tuberculosis (TB), and HIV/AIDS being the leading causes of death. Despite this disparity, LMICs often have limited or delayed access to newer optimal health products compared to high-income countries (HICs). This limitation in access, driven by a myriad of barriers, undermines the potential health benefits that could be gained in LMICs through the introduction of better health products.
View Article and Find Full Text PDFThe molecular pathways leading to GABA and lactic acid accumulation in florets of organic broccoli rabe ( subsp. ) stored as fresh or as minimally processed product.
Hortic Res
January 2025
Institute for Biological Systems, National Research Council (CNR), Via Salaria Km 29,300, 00015 Monterotondo, Rome, Italy.
In the context of organic farming, the introduction of a local product to wider markets and an evaluation of storage effects, metabolic and transcriptomic variations in two broccoli rabe genotypes from production cycles of two different years were studied by comparing florets of stored fresh (SF) and packaged (P) for 4 days with those harvested fresh from the field (H). Twenty-five hydrosoluble compounds, including amino acids, carbohydrates, and organic acids, were quantified by untargeted nuclear magnetic resonance (NMR). Principal component analysis produced a neat separation among the three commodity statuses with P being the most divergent and SF closer to H.
View Article and Find Full Text PDFDynamic linkages and spillover effects of biodiversity risk in socially responsible investment and commodity markets.
J Environ Manage
February 2025
Institute of Policy Studies, Universiti Brunei Darussalam, Jalan Tungku Link, BE1410, Brunei Darussalam; Crawford School of Public Policy, Australian National University, ACT 2600, Australia.
This study employs a novel biodiversity risk measure, developed through textual analysis, to examine how biodiversity risk affects socially responsible investment (SRI) and commodity markets. Biodiversity-related financial risks, arising from ecosystem degradation, represent an emerging and underexplored dimension of market risk, particularly for investors seeking sustainability-aligned portfolios. Our analysis reveals that both SRI equity and commodity indices consistently exhibit negative time-varying correlations with biodiversity risk, with correlations as low as -0.
View Article and Find Full Text PDFAnalysis of entropy on the European markets of energy and energy commodities prices.
PLoS One
January 2025
Wroclaw University of Economics and Business, Wrocław, Poland.
The paper analyzes the problem of entropy in the moments of transition from a normal economic situation (2015-2019) to the Pandemic period (2020-2021) and the period of Russia's attack on Ukraine (2022-2023). The research in the article is based on the analysis of electricity, oil, coal, and gas prices in 27 countries of the European Union and Norway. The daily data cover the period from January 1, 2015, to March 30, 2023, and were analyzed using two-dimensional sets of electricity and commodity prices.
View Article and Find Full Text PDFWant AI Summaries of new PubMed Abstracts delivered to your In-box?
Enter search terms and have AI summaries delivered each week - change queries or unsubscribe any time!