TY - JOUR
T1 - On the nexus between constituents and global energy commodities: an asymmetric analysis
AU - Asafo-Adjei, Emmanuel
AU - Agyei, Samuel Kwaku
AU - Adam, Anokye Mohammed
AU - Bossman, Ahmed
AU - Gherghina, Ştefan Cristian
PY - 2024/4/15
Y1 - 2024/4/15
N2 - The study examines the nexus between global energy commodity and its constituent across market conditions using the quantile regression approaches. We found that the positive effect of global energy commodity on its constituents was stronger relative to the feedback effect from the constituents. It is pertinent to hedge against fluctuations in the energy commodities using the global energy commodity as an appropriate hedged asset with the required hedging instrument.
AB - The study examines the nexus between global energy commodity and its constituent across market conditions using the quantile regression approaches. We found that the positive effect of global energy commodity on its constituents was stronger relative to the feedback effect from the constituents. It is pertinent to hedge against fluctuations in the energy commodities using the global energy commodity as an appropriate hedged asset with the required hedging instrument.
KW - Energy sector
KW - diversification
KW - hedge
KW - quantile regressions
KW - safe haven
UR - http://www.scopus.com/inward/record.url?scp=85141168777&partnerID=8YFLogxK
U2 - 10.1080/13504851.2022.2140753
DO - 10.1080/13504851.2022.2140753
M3 - Article
SN - 1350-4851
VL - 31
SP - 579
EP - 587
JO - Applied Economics Letters
JF - Applied Economics Letters
IS - 7
ER -