COVID-19 and the quantile connectedness between energy and metal markets

Bikramaditya Ghosh, Linh Pham, Tamara Teplova and Zaghum Umar

Energy Economics, 2023, vol. 117, issue C

Abstract: This study analyzes the relationship between clean and dirty energy sources and energy metals during the COVID-19 pandemic. We document a sharp increase in connectedness after the COVID-19 pandemic, that is asymmetric at the lower and upper quantiles, with stronger dependence among the variables at the upper quantiles. Among the energy metals, cobalt is the least connected to the energy markets. Finally, our empirical results show a switch in the net connectedness indexes of energy metals and clean energy after January 2021. Our results have implication for investors and policy makers for energy and metal under various market conditions.

Keywords: Clean energy; Dirty energy; Metal; Price connectedness; Covid-19 (search for similar items in EconPapers)
JEL-codes: C32 F30 G10 Q43 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (28)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:117:y:2023:i:c:s0140988322005497

DOI: 10.1016/j.eneco.2022.106420

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