The nexus between carbon, energy and agrifood—A contemporaneous and lagged spillover analysis

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE Finance Research Letters Pub Date : 2025-02-08 DOI:10.1016/j.frl.2025.106890

Benjamin M. Tabak, Ives Cezar Fulber, Matheus B. Froner

引用次数: 0

Abstract

Global concern about energy, food security and climate change is on the rise. We investigate the spillover effects amidst carbon, energy and agrifood markets. Applying the novel

R^{2}

decomposed connectedness approach we find that the impact of the contemporaneous spillover in the total connectedness is significant, while the lagged effects contribute substantially when looking at the net spillover. Corn appears as the main net transmitter and carbon is mostly a net receiver. The Russian–Ukraine war affected the markets, given Ukraine’s role in food production and the impact of the conflict on Europe’s access to natural gas, increasing coal use.

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碳、能源和农业食品之间的关系——一个同时代和滞后的溢出分析

全球对能源、粮食安全和气候变化的担忧日益加剧。我们研究了碳、能源和农产品市场之间的溢出效应。应用新的R2分解连通性方法，我们发现同期溢出对总连通性的影响是显著的，而在观察净溢出时，滞后效应贡献很大。玉米是主要的净发送者，而碳主要是净接收者。考虑到乌克兰在粮食生产中的作用以及冲突对欧洲获得天然气的影响，俄乌战争影响了市场，增加了煤炭的使用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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