Are ethanol markets globalized or regionalized?

Authors :: Sang Hoon Kang
Ali Ahmed
Gazi Salah Uddin
Jose Areola Hernandez
Anupam Dutta
Rennes School of Business
Linköping University (LIU)
University of Vaasa
University of South Australia [Adelaide]
Areola Hernandez, Jose
Uddin, Gazi Salah
Dutta, Anupam
Ahmed, Ali
Kang, Sanghoon
Source :: Physica A: Statistical Mechanics and its Applications, Physica A: Statistical Mechanics and its Applications, Elsevier, 2020, 551, pp.124094. ⟨10.1016/j.physa.2019.124094⟩
Publication Year :: 2020
Publisher :: HAL CCSD, 2020.
Abstract: International audience; This study investigates whether the US and Brazilian ethanol markets are globalized or regionalized (i.e., whether they are interdependent or independent) using weekly frequency data from July 2006 to December 2017. The empirical results indicate that the US ethanol market is unlinked to the Brazilian one in the short-run, however in the long-run they are globalized (interdependent) and co-influence each other. Asymmetric effects are identified between both ethanol markets and the Brazilian ethanol market Granger causes the US ethanol market. The findings help us understand the asymmetric dependence of the US ethanol market.

Language :: English
ISSN :: 03784371
Database :: OpenAIRE
Journal :: Physica A: Statistical Mechanics and its Applications, Physica A: Statistical Mechanics and its Applications, Elsevier, 2020, 551, pp.124094. ⟨10.1016/j.physa.2019.124094⟩
Accession number :: edsair.doi.dedup.....85fcf20b6ba1dd2f8f6bde21847b510b
Full Text :: https://doi.org/10.1016/j.physa.2019.124094⟩