On the connectedness of commodity markets: A critical and selective survey of empirical studies and bibliometric analysis
Yükleniyor...
Tarih
2022
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
John Wiley and Sons Inc
Erişim Hakkı
info:eu-repo/semantics/embargoedAccess
Özet
The low correlation between commodities and tradi-tional assets, particularly after the crash of the equitymarket in the year 2000, is seemingly a major factorinfluencing global investors’ appetite to embrace com-moditiesasaprofitablealternativefinancialasset.Inthispaper, we critically and selectively provide the knowl-edge map of the connectedness of commodity marketsbased on the scientific articles published on the Webof Science (WoS). In doing this, we group the literaturesurvey based on notable commodity markets and pro-vide an overview of the empirical literature based onsingle- and cross-commodity markets. The key findingof the literature survey is that there is connectednesswithin and across commodity markets, with evidenceof time variations triggered largely by global financialcrises. In addition, from 144 articles over the last twodecades (1990–2021), significant conceptual clusters andnetworks arise, which suggest a close density of net-works in terms of the keyword clusters, keyword plusco-occurrences, country collaborations, and journal co-citations. Furthermore, there are significant conceptualclusters that cover the association of connectednesstype, commodity market, type of statistical analysis,association of major energy shocks, futures market, co-movement, and association of transmission in stock and gold markets. Our analysis, therefore, suggests, amongother things, the need for future research to analyze thepricing of pollution credits as the newest commoditymarket. This helps economic actors, investors, and pol-icymakers have a better understanding of the dynamicbehavior of commodity prices.
Açıklama
Anahtar Kelimeler
bibliometric analysis, commodity markets, connectedness, coun-try collaboration, journal co-citation
Kaynak
Journal of Economic Surveys
WoS Q Değeri
Q1
Scopus Q Değeri
N/A