Cointegration analysis of the world’s sugar market: the existence of the long-term equilibrium

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F20%3A83612" target="_blank" >RIV/60460709:41110/20:83612 - isvavai.cz</a>

Result on the web

<a href="http://www.ekonomie-management.cz/en/archiv/search/detail/1990-cointegration-analysis-of-the-worlds-sugar-market-the-existence-of-the-long-term-equilibrium/" target="_blank" >http://www.ekonomie-management.cz/en/archiv/search/detail/1990-cointegration-analysis-of-the-worlds-sugar-market-the-existence-of-the-long-term-equilibrium/</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.15240/tul/001/2020-4-002" target="_blank" >10.15240/tul/001/2020-4-002</a>

Result language

angličtina

Original language name

Cointegration analysis of the world’s sugar market: the existence of the long-term equilibrium

Original language description

This paper addresses the issue of interconnection among major sugar markets and commodity and exchange stocks in different parts of the world using the Johansen cointegration approach and vector error correction model. Due to a high degree of sugar market fragmentation and corresponding diversity in price levels and its volatility in different regions, the results of our analysis sheds some light on the very fact of a single global sugar market existence and can be important not just with regard to producers and buyers of sugar but for the international investors as well, both in the light of risk governance and maximizing profitability. Using the evaluation of the extent of connection among regional sugar markets, one can assess potential benefits available to investors through international diversification between the analyzed markets. Our analysis has revealed the presence of mutual interaction among the selected sugar markets and commodity stock exchanges in individual regions and confirmed the l

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2020

Confidentiality

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

Name of the periodical

E+M Ekonomie a Management

ISSN

1212-3609

e-ISSN

2336-5064

Volume of the periodical

23

Issue of the periodical within the volume

4

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

16

Pages from-to

23-38

UT code for WoS article

000595819500002

EID of the result in the Scopus database

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