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Oil import portfolio risk and spillover volatility

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  • Bigerna, Simona
  • Bollino, Carlo Andrea
  • Polinori, Paolo

Abstract

The concept of energy security has been recently extended to encompass not only the concept of physical supply availability or concerns about the lack of, but also new aspects related to price stability and affordability. Energy security is viewed, in a financial perspective, as a concept of economic convenience of energy supplies, available from a portfolio of partner countries.

Suggested Citation

  • Bigerna, Simona & Bollino, Carlo Andrea & Polinori, Paolo, 2021. "Oil import portfolio risk and spillover volatility," Resources Policy, Elsevier, vol. 70(C).
    • Handle: RePEc:eee:jrpoli:v:70:y:2021:i:c:s0301420720310047
    DOI: 10.1016/j.resourpol.2020.101976
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    Cited by:

    1. Carlo Andrea Bollino & Philipp Galkin, 2021. "Energy Security and Portfolio Diversification: Conventional and Novel Perspectives," Energies, MDPI, vol. 14(14), pages 1-24, July.
    2. Liu, Chen & Shao, Zhen & Jiao, Jianling & Yang, Shanlin, 2024. "How connected is withholding capacity to electricity, fossil fuel and carbon markets? Perspectives from a high renewable energy consumption economy," Energy Policy, Elsevier, vol. 185(C).
    3. Rocco Caferra & Pasquale Marcello Falcone & Andrea Morone & Piergiuseppe Morone, 2022. "Is COVID-19 anticipating the future? Evidence from investors’ sustainable orientation," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 12(1), pages 177-196, March.
    4. Bigerna, Simona, 2024. "Connectedness analysis of oil price shocks, inflation, and exchange rate for the MENA region countries," Resources Policy, Elsevier, vol. 88(C).
    5. Yang, Weixin & Pan, Lingying & Ding, Qinyi, 2023. "Dynamic analysis of natural gas substitution for crude oil: Scenario simulation and quantitative evaluation," Energy, Elsevier, vol. 282(C).
    6. Akyildirim, Erdinc & Cepni, Oguzhan & Molnár, Peter & Uddin, Gazi Salah, 2022. "Connectedness of energy markets around the world during the COVID-19 pandemic," Energy Economics, Elsevier, vol. 109(C).
    7. Bigerna, Simona, 2023. "Energy price shocks, exchange rates and inflation nexus," Energy Economics, Elsevier, vol. 128(C).
    8. Bigerna, Simona & D'Errico, Maria Chiara & Polinori, Paolo & Simshauer, Paul, 2022. "Renewable energy and portfolio volatility spillover effects of GCC oil exporting countries," MPRA Paper 114164, University Library of Munich, Germany.
    9. Gökçe, Osman Zeki & Hatipoglu, Emre & Belaïd, Fateh, 2024. "Navigating energy diplomacy in times of recovery and conflict: A study of cross-border energy trade dynamics," Resources Policy, Elsevier, vol. 90(C).
    10. Bigerna, Simona & Ceccacci, Francesca & Micheli, Silvia & Polinori, Paolo, 2023. "Between saying and doing for ensuring energy resources supply: The case of Italy in time of crisis," Resources Policy, Elsevier, vol. 85(PA).

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    More about this item

    Keywords

    Energy security; Vector autoregressive model; Oil imports risk diversification; Risk volatility spillover;
    All these keywords.

    JEL classification:

    • C58 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Financial Econometrics
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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