scholarly journals CHANGES TO THE NATURAL GAS, CORN, AND FERTILIZER PRICE RELATIONSHIPS FROM THE BIOFUELS ERA

2015 ◽  
Vol 47 (4) ◽  
pp. 494-509 ◽  
Author(s):  
JAYSON BECKMAN ◽  
STEPHANIE RICHE

AbstractThe biofuels era brought about changes to the energy and agricultural sectors. For example, the decrease in natural gas prices has led to a weakening of the relationship between fertilizer and gas prices. The other change has been an increase in the demand for fertilizers, which has strengthened the price relationship between these two products. Econometric evidence from this work indicates that after 2008 the relationship between fertilizers and corn prices increased. In addition, results from our work indicate the presence of market power in the ammonia fertilizer sector.

2018 ◽  
Vol 7 (4.34) ◽  
pp. 118
Author(s):  
Nur Surayya Mohd Saudi ◽  
Wong Hock Tsen ◽  
Abdul Latif Harun ◽  
Zailin Zainal Ariffin ◽  
Nur Zahidah Syafii ◽  
...  

This study has investigated the relationship between the changes in oil and natural gas prices on the Malaysian economic sectors. Four economic sectors were selected namely manufacturing, services, agriculture, and mining. However, there was less study conducted at the sector level. Hence, the goal of this paper is to explore the impact of oil and gas prices on economic sectors GDP. This study has conducted econometrics modelling based on the ARDL bound testing with the spanning time series data from year 1987 to 2017. The empirical findings revealed that the relationship between the oil and natural gas prices in the manufacturing and services sector is negative, while the agriculture sector showed a positive relationship, and the mining sector showed no relationship. The empirical findings concluded that the manufacturing and services sectors that consumed more energy are dependent on the price changes. Meanwhile, the agriculture sector is a highly subsidised sector which has a positive relationship with energy prices. In the policy recommendation, Malaysia has to apply the energy pricing policy by offering energy subsidy to the high energy consumed sectors. Finally, Malaysia should develop policies that can diversify its energy resources and increase the shares of renewable energy sources. 


2016 ◽  
Vol 76 (1) ◽  
pp. 151-171 ◽  
Author(s):  
Xiaoli Liao Etienne ◽  
Andrés Trujillo-Barrera ◽  
Seth Wiggins

Purpose – The purpose of this paper is to investigate the price and volatility transmission between natural gas, fertilizer (ammonia), and corn markets, an issue that has been traditionally ignored in the literature despite its significant importance. Design/methodology/approach – The authors jointly estimate a vector error correction model for the conditional mean equation and a multivariate generalized autoregressive heteroskedasticity model for the conditional volatility equation to investigate the interactions between natural gas, ammonia, and corn prices and their volatility. Findings – The authors find significant interplay between fertilizer and corn markets, while only a mild linkage in prices and volatility exist between those markets and natural gas during the period 1994-2014. There is not only a positive relationship between corn and ammonia prices in the short run, but both prices react to deviations from the long-run parity. Furthermore, the lagged conditional volatility of ammonia prices positively affects conditional volatility in the corn market and vice versa. This result is robust to a specification using crude oil price as an alternative to natural gas price to account for the large transportation cost built into ammonia prices. Results for the period of 2006-2014 indicate virtually no linkage between natural gas prices and those of fertilizer and corn during that period, while linkages in price level and volatility between the latter remain strong. Originality/value – This paper is the first in the literature to comprehensively examine the role of fertilizer on corn prices and volatility, and its relation to natural gas prices.


Author(s):  
Uğur Uzun ◽  
Zafer Adalı

In this chapter, the authors aim to investigate the association between the primary energy sources' prices involving oil and natural gas and sectors indices operating the Turkey stock market for the period covering 2012M1-2021M3. Regarding energy price indicators, Brent oil and natural gas real-time future prices are preferred in the models, and BIST Industrials (XUSIN), BIST Chem-Petrol Plastic (XKMYA), and BIST Electricity (XELKT) indices are used as financial performance indicators. Fourier unit root tests improved by Becker et al. and Fourier co-integration tests improved by Tsong et al. are employed to investigate the relationship between considered variables. As a result of the models, it is found that the energy prices and financial performance index do not move together in the long run; in other words, change in oil and natural gas prices seem not to have an impact on the sector indexes.


2019 ◽  
Vol 60 ◽  
pp. 118-124 ◽  
Author(s):  
Aviral Kumar Tiwari ◽  
Zinnia Mukherjee ◽  
Rangan Gupta ◽  
Mehmet Balcilar

Energies ◽  
2020 ◽  
Vol 13 (19) ◽  
pp. 5040
Author(s):  
Sina Heidari

The European demand for natural gas imports may change through the energy transition, which may affect natural gas exporters’ strategic behavior and consequently the natural gas prices. Changes in natural gas prices in turn influence the European energy sector in terms of gas consumption in the short-term and investments in the long-term. The present paper develops a large-scale partial equilibrium market model formulated as a mixed complementarity model (MCP) with conjectural variations. This model considers the global natural gas market and the European markets of electricity, heating, and emission trading in one equilibrium. We apply this model to investigate the long-term impact of market power by gas exporters on the mentioned energy-related markets on the horizon of 2050. The results of the study show that a decrease in the market power by gas exporters decreases natural gas prices, leading to cheaper electricity and CO2 prices in the mid-term. However, a very tight emission cap in 2050 can result in the reverse phenomenon.


Crisis ◽  
2011 ◽  
Vol 32 (5) ◽  
pp. 246-253 ◽  
Author(s):  
Gretchen E. Ely ◽  
William R. Nugent ◽  
Julie Cerel ◽  
Mholi Vimbba

Background: The relationship between suicidal thinking and adolescent dating violence has not been previously explored in a sample of adolescent abortion patients. Aims: This paper highlights a study where the relationship between dating violence and severity of suicidal thinking was examined in a sample of 120 young women ages 14–21 seeking to terminate an unintended pregnancy. Methods: The Multidimensional Adolescent Assessment Scale and the Conflict in Adolescent Relationships Scale was used to gather information about psychosocial problems and dating violence so that the relationship between the two problems could be examined, while controlling for the other psychosocial problems. Results: The results suggest that dating violence was related to severity of suicidal thinking, and that the magnitude of this relationship was moderated by the severity of problems with aggression. Conclusions: Specifically, as the severity of participant’s general problems with aggression increased, the magnitude of the relationship between dating violence and severity of suicidal thinking increased. Limitations of the study and implications for practice are discussed.


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