Spillover network of commodity uncertainties

A-Tier
Journal: Energy Economics
Year: 2019
Volume: 81
Issue: C
Pages: 914-927

Authors (4)

Balli, Faruk (Massey University) Naeem, Muhammad Abubakr (not in RePEc) Shahzad, Syed Jawad Hussain (Montpellier Business School) de Bruin, Anne (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 4 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study time and frequency connectedness among 22 commodity uncertainty indexes. Applying spillover analysis and network graphs, we find that overall connectedness among commodity uncertainties increase during the global financial crisis (GFC) and the oil price collapse of 2014–16. Network analysis shows more spillover within a specific commodity class and that precious metals due to less spillover with other commodities may serve as safe-haven during the crisis. The decomposition of spillover index reveals that commodity markets are more connected in long-run. Implications of findings are discussed.

Technical Details

RePEc Handle
repec:eee:eneeco:v:81:y:2019:i:c:p:914-927
Journal Field
Energy
Author Count
4
Added to Database
2026-01-24