Detail publikace

Prices of Biofuels and Related Commodities: An Example of Combined Economics and Graph Theory Approach

Autor: PhDr. Ondřej Filip ,
prof. Ing. Karel Janda M.A., Dr., Ph.D.,
doc. PhDr. Ladislav Krištoufek Ph.D.,
Typ: IES Working Papers
Rok: 2017
Číslo: 7
ISSN / ISBN:
Publikováno v: IES Working Papers 07/2017
Místo vydání: Prague
Klíčová slova: biofuels, networks, minimal spanning tree, hierarchical tree
JEL kódy: C38, Q16, Q42
Citace: Filip O., Janda K., Kristoufek L. (2017). "Prices of Biofuels and Related Commodities: An Example of Combined Economics and Graph Theory Approach” IES Working Paper 7/2017. IES FSV. Charles University.
Abstrakt: The article investigates the connections between the prices of biofuels and many traded commodities 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 contribution 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 connections 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 characteristics of main bioethanol and biodiesel markets with respect to technical and local features of the production and consumption of particular biofuels.
Ke stažení: wp_2017_07_janda
Červenec 2018
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