On the connectedness of commodity markets: A critical and selective survey of empirical studies and bibliometric analysis

dc.contributor.authorBalcilar, Mehmet
dc.contributor.authorUsman, Ojonugwa
dc.contributor.authorAgan, Busra
dc.date.accessioned2023-01-30T11:01:59Z
dc.date.available2023-01-30T11:01:59Z
dc.date.issued2022en_US
dc.departmentFakülteler, Ticari Bilimler Fakültesi, Ekonomi Bölümüen_US
dc.description.abstractThe 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.en_US
dc.identifier.doi10.1111/joes.12541en_US
dc.identifier.scopus2-s2.0-85142034881en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://hdl.handle.net/11467/6165
dc.identifier.urihttps://doi.org/10.1111/joes.12541
dc.identifier.wosWOS:000882043400001en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherJohn Wiley and Sons Incen_US
dc.relation.ispartofJournal of Economic Surveysen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/embargoedAccessen_US
dc.subjectbibliometric analysis, commodity markets, connectedness, coun-try collaboration, journal co-citationen_US
dc.titleOn the connectedness of commodity markets: A critical and selective survey of empirical studies and bibliometric analysisen_US
dc.typeArticleen_US

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