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Importance of geopolitical risk in volatility structure: New evidence from biofuels, crude oil, and grains commodity markets

Journal of Commodity Markets, ISSN: 2405-8513, Vol: 36, Page: 100440
2024
  • 1
    Citations
  • 0
    Usage
  • 15
    Captures
  • 1
    Mentions
  • 0
    Social Media
Metric Options:   Counts1 Year3 Year

Metrics Details

  • Citations
    1
  • Captures
    15
  • Mentions
    1
    • News Mentions
      1
      • News
        1

Most Recent News

Findings from University of Warsaw Yields New Data on Biofuel (Importance of Geopolitical Risk In Volatility Structure: New Evidence From Biofuels, Crude Oil, and Grains Commodity Markets)

2024 DEC 02 (NewsRx) -- By a News Reporter-Staff News Editor at Energy Daily News -- Investigators publish new report on Biotechnology - Biofuel. According

Article Description

This paper aims to explore the complex linkages and evolving structure of price volatility in the global oil, biofuels, and grain commodity markets during periods of global turbulence. With the growing urgency for energy stability amid climate change, biofuels are gaining traction as a viable alternative energy source. However, their production can significantly impact essential commodities like grains and vegetable oils, increasing food prices and heightened market volatility. We introduced a TVP-VAR frequency connectedness method to address this, analyzing data from January 1, 2013, to September 29, 2023. Our approach offers a fresh perspective on market dynamics and geopolitical risks. The study underscores the growing influence of agricultural shocks on energy markets, particularly within the ethanol sector. It confirms that the Russia-Ukraine war, a significant geopolitical event, has had a profound and enduring impact on the interconnectedness of these markets across various timeframes and frequencies. We offer concrete, actionable policy recommendations to mitigate the transmission of market shocks within the energy and food sectors, thereby bolstering investor and policymaker confidence and facilitating informed decision-making.

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