Past pojects of the members
During 2012-2013 the Lab received a
Research Scholarship of 6.000 euros
from Latsis Foudation regading the project:
“Spillovers in Means and Volatility between Food Prices and Biofuel Energy Prices”
ABSTRACT:
This study addresses the problem of causal price relationships of biofuels for an enhanced group of agricultural commodities to capture possible
asymmetric causal effects. It investigates the long-run equilibrium and assumes that an adjustment process toward this equilibrium exists. The adjustment
process can be non-linear, implying that we can identify critical thresholds that determine regions in the sample that once exceeded, price inter linkages
may vary. The empirical results indicate that there are commodity prices that have a strong causal (asymmetric) relationship with biofuel energy prices.