DOI: 10.1002/bbb.1945
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Abstract: Literature has shown that crude oil prices have a significant impact on the global biofuel industry. However, previous researchers have investigated the link between fossil fuel and biofuel employing a linear framework, although energy price indexes are often nonlinear and asymmetric in nature. The present study examines whether the effect of oil‐price uncertainty on US ethanol market volatility is asymmetric. This work differs from earlier studies in that, unlike the existing literature, it considers the info… Show more

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