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Price Comovement Between Biodiesel and Natural Gas

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  • Janda, Karel
  • Kourilek, Jakub

Abstract

We study relationship between biodiesel, as a most important biofuel in the EU, relevant feedstock commodities and fossil fuels. Our main interest is to capture relationship between biodiesel and natural gas. They are both used either directly as a fuel or indirectly in form of additives in transport. Therefore, our purpose is to �nd price linkage between biofuel and natural gas to support or reject the claim that they compete as alternative fuels and potential substitutes. The estimated price link between biodiesel and diesel is negative and the strongest among analysed commodities. The price transmission between biodiesel and natural gas is the weakest one.

Suggested Citation

  • Janda, Karel & Kourilek, Jakub, 2016. "Price Comovement Between Biodiesel and Natural Gas," MPRA Paper 74887, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:74887
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    References listed on IDEAS

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    More about this item

    Keywords

    biofuels; shale gas;

    JEL classification:

    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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