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On the nexus between constituents and global energy commodities: an asymmetric analysis

Author

Listed:
  • Emmanuel Asafo-Adjei
  • Samuel Kwaku Agyei
  • Anokye Mohammed Adam
  • Ahmed Bossman
  • Ştefan Cristian Gherghina

Abstract

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.

Suggested Citation

  • Emmanuel Asafo-Adjei & Samuel Kwaku Agyei & Anokye Mohammed Adam & Ahmed Bossman & Ştefan Cristian Gherghina, 2024. "On the nexus between constituents and global energy commodities: an asymmetric analysis," Applied Economics Letters, Taylor & Francis Journals, vol. 31(7), pages 579-587, April.
    • Handle: RePEc:taf:apeclt:v:31:y:2024:i:7:p:579-587
    DOI: 10.1080/13504851.2022.2140753
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