Dynamics and evolution of the role of biofuels in global commodity and financial markets

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F16%3A10337902" target="_blank" >RIV/00216208:11230/16:10337902 - isvavai.cz</a>

Alternative codes found

RIV/61384399:31110/16:00052267

Result on the web

<a href="http://dx.doi.org/10.1038/NENERGY.2016.169" target="_blank" >http://dx.doi.org/10.1038/NENERGY.2016.169</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1038/NENERGY.2016.169" target="_blank" >10.1038/NENERGY.2016.169</a>

Result language

angličtina

Original language name

Dynamics and evolution of the role of biofuels in global commodity and financial markets

Original language description

Biofuels form part of a complex system comprising their production factors (usually agricultural commodities) and raw and retail fuels. Recently, it has been suggested that biofuels might affect or be affected by financial assets such as exchange rates, interest rates, stocks, and by other commodities. However, further extensive studies are required to investigate this. Here we present a combination of minimum spanning trees correlation filtration and wavelet analysis uncovering the ties in a wide portfolio of 33 commodities and relevant assets for biofuels between 2003 and 2016. We show that for Brazilian and US ethanol, their respective feedstocks lead biofuels prices, and not vice versa. This dynamic remains qualitatively unchanged when controlling for the influence of crude oil prices. In contrast, European biodiesel exhibits only moderate ties to its production factors. Other financial factors do not interact significantly with biofuel prices in general.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

<a href="/en/project/GA16-00027S" target="_blank" >GA16-00027S: Beyond Green Paradoxes: Microeconomic, Econometric and Meta-Analysis Framework for Investigation of Unintended Effects of Climate and Energy Policies</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

NATURE ENERGY

ISSN

2058-7546

e-ISSN

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Volume of the periodical

1

Issue of the periodical within the volume

November

Country of publishing house

GB - UNITED KINGDOM

Number of pages

9

Pages from-to

1-9

UT code for WoS article

000394792900001

EID of the result in the Scopus database

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