Climate Change Data Portal
| DOI | 10.1016/j.irfa.2024.103206 |
| Impact of climate risk shocks on global food and agricultural markets: A multiscale and tail connectedness analysis | |
| 发表日期 | 2024 |
| ISSN | 1057-5219 |
| EISSN | 1873-8079 |
| 起始页码 | 93 |
| 卷号 | 93 |
| 英文摘要 | We examine the time-frequency nexus between climate change, agricultural and food markets over normal and extreme market conditions by employing advanced methods such as quantile cross-spectral analysis and wavelet quantile correlation. To identify how climate change affects food and agricultural market price returns, we examine daily data from January 1, 2019, to May 9, 2022, using two climate change proxies: European CO2 emissions and MSCI World Climate Paris Aligned Net indices, four global food market indices, and four agricultural commodities. Our results reveal significant insights into the impact of CO2 emissions and environmental policy on these markets, emphasizing the nuanced nature of these effects across different market conditions and time frames. The results suggest that, in the long run, environmental policies contribute positively to agricultural and food markets, while the impact of CO2 emissions manifests as predominantly negative. This research provides valuable contributions to understanding the intricate dynamics between climate change, environmental policies, and the financial aspects of food and agricultural markets. |
| 英文关键词 | Climate change; Agriculture commodity markets; Food commodity markets; Quantile coherency |
| 语种 | 英语 |
| WOS研究方向 | Business & Economics |
| WOS类目 | Business, Finance |
| WOS记录号 | WOS:001209085900001 |
| 来源期刊 | INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS
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| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/286006 |
| 作者单位 | Universite de Lorraine; University System of Ohio; University of Akron; ESSCA School of Management; Zhengzhou University; University of Bradford; Lebanese American University |
| 推荐引用方式 GB/T 7714 | . Impact of climate risk shocks on global food and agricultural markets: A multiscale and tail connectedness analysis[J],2024,93. |
| APA | (2024).Impact of climate risk shocks on global food and agricultural markets: A multiscale and tail connectedness analysis.INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS,93. |
| MLA | "Impact of climate risk shocks on global food and agricultural markets: A multiscale and tail connectedness analysis".INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS 93(2024). |
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