The Relationship between Crude Oil and Coal Markets: A New Approach

Cilt: 6 Sayı: 4 1 Aralık 2016
  • Narjes Zamani
PDF İndir
EN

The Relationship between Crude Oil and Coal Markets: A New Approach

Öz

The level of substitutability of crude oil and coal in production and consumption may lead to the relationship between them. In this paper, the relationships between crude oil market and coal market are investigated, using a structural vector autoregressive model (SVAR). We apply the Kilian Index (2009) to distinguish between the effects of oil market demand shocks and global aggregate demand shocks. The empirical results suggest that coal prices are affected by the supply and demand shocks of the oil market, while oil supply shocks have no effect on oil prices. This shows a high level of interaction between the crude oil market and the coal market, arising mainly due to the role of substitution. The effect of global aggregate demand on the price of coal is higher than the effect on the price of oil. Meanwhile, the fear of future oil supply affects the coal market only temporarily.

Anahtar Kelimeler

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

Narjes Zamani Bu kişi benim

Yayımlanma Tarihi

1 Aralık 2016

Gönderilme Tarihi

1 Aralık 2016

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2016 Cilt: 6 Sayı: 4

Kaynak Göster

APA
Zamani, N. (2016). The Relationship between Crude Oil and Coal Markets: A New Approach. International Journal of Energy Economics and Policy, 6(4), 801-805. https://izlik.org/JA54PD77XL
AMA
1.Zamani N. The Relationship between Crude Oil and Coal Markets: A New Approach. IJEEP. 2016;6(4):801-805. https://izlik.org/JA54PD77XL
Chicago
Zamani, Narjes. 2016. “The Relationship between Crude Oil and Coal Markets: A New Approach”. International Journal of Energy Economics and Policy 6 (4): 801-5. https://izlik.org/JA54PD77XL.
EndNote
Zamani N (01 Aralık 2016) The Relationship between Crude Oil and Coal Markets: A New Approach. International Journal of Energy Economics and Policy 6 4 801–805.
IEEE
[1]N. Zamani, “The Relationship between Crude Oil and Coal Markets: A New Approach”, IJEEP, c. 6, sy 4, ss. 801–805, Ara. 2016, [çevrimiçi]. Erişim adresi: https://izlik.org/JA54PD77XL
ISNAD
Zamani, Narjes. “The Relationship between Crude Oil and Coal Markets: A New Approach”. International Journal of Energy Economics and Policy 6/4 (01 Aralık 2016): 801-805. https://izlik.org/JA54PD77XL.
JAMA
1.Zamani N. The Relationship between Crude Oil and Coal Markets: A New Approach. IJEEP. 2016;6:801–805.
MLA
Zamani, Narjes. “The Relationship between Crude Oil and Coal Markets: A New Approach”. International Journal of Energy Economics and Policy, c. 6, sy 4, Aralık 2016, ss. 801-5, https://izlik.org/JA54PD77XL.
Vancouver
1.Narjes Zamani. The Relationship between Crude Oil and Coal Markets: A New Approach. IJEEP [Internet]. 01 Aralık 2016;6(4):801-5. Erişim adresi: https://izlik.org/JA54PD77XL