COVID-19 and the quantile connectedness between energy and metal markets

被引：33

作者：

Ghosh, Bikramaditya ^{[1
]}

Pham, Linh ^{[2
]}

Teplova, Tamara ^{[3
]}

Umar, Zaghum ^{[4
]}

机构：

[1] Symbiosis Int Deemed Univ SIU, Symbiosis Inst Business Management SIBM, Hosur Rd, Bengaluru 560100, Karnataka, India

[2] Lake Forest Coll, Dept Econ Business & Finance, Lake Forest, IL 60045 USA

[3] Natl Res Univ Higher Sch Econ, Moscow, Russia

[4] Zayed Univ, Coll Business, POB 144534, Abu Dhabi, U Arab Emirates

来源：

ENERGY ECONOMICS | 2023年 / 117卷

关键词：

Clean energy; Dirty energy; Metal; Price connectedness; Covid-19; IMPULSE-RESPONSE ANALYSIS; PRICE UNCERTAINTY; OIL; SHOCKS; IMPACT; STOCKS;

D O I：

10.1016/j.eneco.2022.106420

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study analyzes the relationship between clean and dirty energy sources and energy metals during the COVID-19 pandemic. We document a sharp increase in connectedness after the COVID-19 pandemic, that is asymmetric at the lower and upper quantiles, with stronger dependence among the variables at the upper quantiles. Among the energy metals, cobalt is the least connected to the energy markets. Finally, our empirical results show a switch in the net connectedness indexes of energy metals and clean energy after January 2021. Our results have implication for investors and policy makers for energy and metal under various market conditions.

引用

页数：17

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