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Open Access
Article
Publication date: 11 January 2023

Antonio Focacci

The purpose of this stud is to analyze the financialization effect on oil prices.

Abstract

Purpose

The purpose of this stud is to analyze the financialization effect on oil prices.

Design/methodology/approach

This study applied the technique of multibreak point analysis with Bai and Perron test plus VAR methodology.

Findings

Findings revealed that there was no effect on oil prices.

Originality/value

To the best of the author’s knowledge, this is the first paper combining the multibreakpoint analysis with VAR for the period analyzed in the present work.

Open Access
Article
Publication date: 23 June 2021

Antonio Focacci

The purpose of this paper is to investigate whether management strategies implemented by non-commercial traders may be identified as a key factor in affecting oil price paths in…

Abstract

Purpose

The purpose of this paper is to investigate whether management strategies implemented by non-commercial traders may be identified as a key factor in affecting oil price paths in the conventional pre- and post-financialization periods.

Design/methodology/approach

By using a vector autoregressive approach the dynamic analysis of the daily stock indexes for some of the most important world economies and the oil prices is conducted starting from 1992 to the end of 2020.

Findings

The findings do not support the idea that the financial markets act as a privileged conduit in transmitting the shocks to the oil spot quotations.

Originality/value

Such a direct assessment has not been previously proposed in literature wherein – under a financial perspective – the returns are generally taken into consideration.

Details

Studies in Economics and Finance, vol. 38 no. 5
Type: Research Article
ISSN: 1086-7376

Keywords

Article
Publication date: 7 August 2007

Antonio Focacci

The main purpose of the paper is to propose an empirical analysis of the relationship between total consumption of different key metals (aluminium, copper, lead, nickel, tin and…

2035

Abstract

Purpose

The main purpose of the paper is to propose an empirical analysis of the relationship between total consumption of different key metals (aluminium, copper, lead, nickel, tin and zinc) and per capita income of some important developing countries (Brazil, China and India) today present in the international scenario with very different perspectives from in the past.

Design/methodology/approach

The research is carried out investigating a double aim. Mainly, whether the environmental Kuznets' Curve (EKC) model related to material consumption (and hence “renamed” as material Kuznets' Curve) could be used – in empirical terms – as a possible explanatory pattern of past and current trends for these three important countries. Second, whether the observable trends in industrialised countries is similar to those already implemented in the developing ones. After a brief, but ineluctable, premise considering the theoretical basic assumptions to define the issue and regarding general statements, the specific cases for Brazil, China and India are proposed.

Findings

Results do not closely fit the theoretical expectations but, as has already been seen for industrialised countries in previous research work, there is a prevailing trend in the lowering of material intensities with rising per‐capita income levels.

Originality/value

Without pretending to be exhaustive, this paper can be useful in improving the understanding of such developing economies, considering features not yet included in the international literature.

Details

International Journal of Social Economics, vol. 34 no. 9
Type: Research Article
ISSN: 0306-8293

Keywords

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