Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/174200 
Year of Publication: 
2017
Series/Report no.: 
IES Working Paper No. 07/2017
Publisher: 
Charles University in Prague, Institute of Economic Studies (IES), Prague
Abstract: 
The article investigates the connections between the prices of biofuels and many traded commodities and other relevant assets in Europe, USA and Brazil. The analysis uses a comprehensive dataset covering price data for 32 relevant traded titles over the period 2003-2015. Main contribution of this article is a combination of minimum spanning tree and hierarchical tree approaches with expert economic understanding of biofuels market leading to identification of price connections in a complex trading system. Our analysis of mutual price connections discovers the major defining features of world leading biofuels markest over the last decade. We provide characteristics of main bioethanol and biodiesel markets with respect to technical and local features of the production and consumption of particular biofuels.
Subjects: 
biofuels
networks
minimal spanning tree
hierarchical tree
JEL: 
C38
Q16
Q42
Document Type: 
Working Paper

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