Geopolitical Risk and Energy Market
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F23%3A97815" target="_blank" >RIV/60460709:41110/23:97815 - isvavai.cz</a>
Result on the web
<a href="https://www.degruyter.com/document/doi/10.1515/peps-2022-0033/html" target="_blank" >https://www.degruyter.com/document/doi/10.1515/peps-2022-0033/html</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1515/peps-2022-0033" target="_blank" >10.1515/peps-2022-0033</a>
Alternative languages
Result language
angličtina
Original language name
Geopolitical Risk and Energy Market
Original language description
The fundamental aim of this paper is to test the symmetric and asymmetric effects of geopolitical risk on the five selected prices of energy commodities, consisting of coal, crude oil, gasoline, heating oil, and natural gas, during the period 2 January 2020-29 July 2022 by application of linear and nonlinear ARDL models. Moreover, we also study the impact of anticipated financial volatility on energy commodities. Our results suggest that, over the long term, there is no linear relationship between geopolitical risk, financial volatility, and energy prices. On the other hand, we find statistically significant asymmetrical effects of geopolitical risk and financial volatility on crude oil, gasoline, and heating oil prices in the long and short run. We also identify that coal and natural gas prices do not respond to changes in geopolitical risk during the analysed period.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - 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
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Peace Economics, Peace Science and Public Policy
ISSN
1079-2457
e-ISSN
1079-2457
Volume of the periodical
29
Issue of the periodical within the volume
2
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
17
Pages from-to
171-187
UT code for WoS article
000960626300001
EID of the result in the Scopus database
2-s2.0-85151812224