Detail publikace

Filip, O. & Janda, K. & Kristoufek, L.: Ceny biopaliv a souvisejících komodit: propojení ekonomie a teorie grafů

Autor: prof. Ing. Karel Janda M.A., Dr., Ph.D.,
prof. PhDr. Ladislav Krištoufek Ph.D.,
Typ: Články v impaktovaných časopisech
Rok: 2018
Číslo: 0
Publikováno v: Politická ekonomie 66 (2), pp. 218-239
Místo vydání:
Klíčová slova: biofuels, networks, minimal spanning tree, hierarchical tree
JEL kódy:
Abstrakt: The article investigates the connections between the prices of biofuels and many traded com- modities and other relevant assets in Europe, USA and Brazil. The analysis uses a comprehensive dataset covering price data for 32 relevant traded titles over the period 2003–2015. Main contri- bution of this article is a combination of minimum spanning tree and hierarchical tree approaches with expert economic understanding of biofuels market leading to identification of price connec- tions in a complex trading system. Our analysis of mutual price connections discovers the major defining features of world leading biofuels markest over the last decade. We provide characteris- tics of main bioethanol and biodiesel markets with respect to technical and local features of the production and consumption of particular biofuels.




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