Non-parametric and parametric modeling of biodiesel, sunflower oil, and crude oil price relationships

Hassouneh, Islam; Serra, Teresa; K Goodwin, arry; M Gil, Jose

dc.contributor.author	Hassouneh, Islam
dc.contributor.author	Serra, Teresa
dc.contributor.author	K Goodwin, arry
dc.contributor.author	M Gil, Jose
dc.date.accessioned	2022-02-03T12:17:57Z
dc.date.accessioned	2022-05-22T08:56:35Z
dc.date.available	2022-02-03T12:17:57Z
dc.date.available	2022-05-22T08:56:35Z
dc.date.issued	2012-09-01
dc.identifier.uri	http://localhost:8080/xmlui/handle/123456789/8441
dc.description	Multivariate local linear regression and parametric error correction models are applied to assess price linkages and price transmission patterns between food and energy prices in Spain. Weekly biodiesel, sunflower and crude oil prices observed from November 2006 to October 2010 are used in the empirical analysis. Results suggest the existence of a long-run, equilibrium relationship between the three prices studied. Biodiesel is the only variable that adjusts to deviations from this long-run relationship. Local linear regression techniques show that the speed of adjustment of biodiesel prices is faster when biodiesel is relatively cheap than when it is expensive. Energy prices are also found to influence sunflower oil prices through short-run price dynamics.	en_US
dc.description.abstract	Multivariate local linear regression and parametric error correction models are applied to assess price linkages and price transmission patterns between food and energy prices in Spain. Weekly biodiesel, sunflower and crude oil prices observed from November 2006 to October 2010 are used in the empirical analysis. Results suggest the existence of a long-run, equilibrium relationship between the three prices studied. Biodiesel is the only variable that adjusts to deviations from this long-run relationship. Local linear regression techniques show that the speed of adjustment of biodiesel prices is faster when biodiesel is relatively cheap than when it is expensive. Energy prices are also found to influence sunflower oil prices through short-run price dynamics.	en_US
dc.language.iso	en	en_US
dc.publisher	North-Holland	en_US
dc.subject	Price transmission, local linear regression, biodiesel, Spain	en_US
dc.title	Non-parametric and parametric modeling of biodiesel, sunflower oil, and crude oil price relationships	en_US
dc.type	Article	en_US