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dc.contributor.authorAlola, Andrew Adewale
dc.date.accessioned2023-08-11T16:09:30Z
dc.date.available2023-08-11T16:09:30Z
dc.date.issued2022en_US
dc.identifier.issn0360-5442
dc.identifier.issn1873-6785
dc.identifier.urihttps://hdl.handle.net/11363/5256
dc.description.abstractThe opportunity cost of producing efficient energy from renewable energy sources especially from agricultural products amid increasing threat of food insecurity has remained policymakers’ nightmare. On this note, this study employed the regime inference (the Markov switching model) to examine the response of renewable energy equity relative to prices of corn, soybean and wheat for the United States over the period 20/01/2012 -2/08/2018. Additionally, the SADF (Supremum Augmented Dickey Fuller) test is further employed to investigate the evidence of speculative bubbles in the prices of the concern commodities. With a significant evidence of regime switching, the study reveals positive impacts of soybean and wheat on the renewable energy equity in both regimes while the impact is negative in the regimes for corn prices. The positive impact of soybean is an indication that the share of renewable energy and share of its export is highest while corn is being recently preferred and consumed as stable food rather than a source of renewable energy. Furthermore, a sparing evidence of explosive process and collapse bubbles is observed in all the examined commodities except for soybeans. Moreover, with the frequency domain Granger causality approach, the results show overwhelming evidence of bidirectional Granger causality especially between renewable energy equity and the agricultural commodities at varying frequencies. Thus, the study offers effective policy frameworks through the lens of renewable energy development and agriculture for the United States and for other similar economies.en_US
dc.language.isoengen_US
dc.publisherPERGAMON-ELSEVIER SCIENCE LTD, THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, ENGLANDen_US
dc.relation.isversionof10.1016/j.energy.2021.122377en_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectAgricultural pricesen_US
dc.subjectRenewable energy equityen_US
dc.subjectSpeculative bubblesen_US
dc.subjectFrequency domain causalityen_US
dc.subjectUnited Statesen_US
dc.titleThe nexus of renewable energy equity and agricultural commodities in the United States: Evidence of regime-switching and price bubblesen_US
dc.typearticleen_US
dc.relation.ispartofEnergyen_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.authoridhttps://orcid.org/0000-0001-5355-3707en_US
dc.identifier.volume239en_US
dc.identifier.startpage1en_US
dc.identifier.endpage10en_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.institutionauthorAlola, Andrew Adewale


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