The nexus between carbon, energy and agrifood—A contemporaneous and lagged spillover analysis

Benjamin M. Tabak, Ives Cezar Fulber and Matheus B. Froner

Finance Research Letters, 2025, vol. 75, issue C

Abstract: Global concern about energy, food security and climate change is on the rise. We investigate the spillover effects amidst carbon, energy and agrifood markets. Applying the novel R2 decomposed connectedness approach we find that the impact of the contemporaneous spillover in the total connectedness is significant, while the lagged effects contribute substantially when looking at the net spillover. Corn appears as the main net transmitter and carbon is mostly a net receiver. The Russian–Ukraine war affected the markets, given Ukraine’s role in food production and the impact of the conflict on Europe’s access to natural gas, increasing coal use.

Keywords: Carbon; Energy; Agrifood; Spillover; Dynamic connectedness (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612325001540
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:75:y:2025:i:c:s1544612325001540

DOI: 10.1016/j.frl.2025.106890

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().