An Empirical Investigation of the Price Linkages between Oil, Biofuels and Selected Agricultural Commodities
- Katrakilidis, Constantinos
- Sidiropoulos, Moise
- Tabakis, Nikolaos
Publication date
December 2015
DOI Publisher
The Authors. Published by Elsevier B.V.Abstract
AbstractThis paper uses monthly data to investigate the dynamic linkages between the prices of crude oil, biofuels and selected agricultural commodities. We apply the ARDL approach to cointegration, in conjunction with Granger causality tests. The empirical evidence supports the existence of significant causal effects revealing strong interdependencies among the examined markets
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