Sustainability · 2019 · 14 citations · 43 references
BusinessBusiness EconomicsEconomicsEconometricsEnergy EconomicsRetail PricingCommodity Price DynamicsEnergy Commodity MarketsCarbon EconomyCommodity Price Co-movementComparative Data AnalysisCross-correlation AnalysisCross-market Price CorrelationMulti-scale AnalysisRetail Margin CalculationRetail Price Formation
The global energy landscape is rapidly changing, including the transition to a low carbon economy and the use of liquid biofuel. The production of liquid biofuel has emerged as an alternative to the use of fossil fuels for purposes of energy conservation, carbon emission mitigation and agricultural development. In this article we study the co-movements between hydrous ethanol and gasoline C in the Brazilian retail market. A multi-scale cross correlation analysis was applied to the Average Retail Margin time series of hydrous ethanol for fifteen relevant retail markets in Brazil to analyze the competitiveness of hydrous ethanol towards gasoline C. The empirical results showed a remarkable different behavior between hydrous ethanol and gasoline C, for any time scale, regardless of geographical distance or regional differences.
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Scaling behaviour in the dynamics of an economic index
Rosario N. Mantegna, H. Eugene Stanley · Nature · 1995 · 1.8K citations