Du, Xiaodong; McPhail, Lihong Lu - Agricultural and Applied Economics Association - AAEA - 2011
This study addresses the complex relationship between energy and agricultural markets—represented by corn, ethanol, and … development of large-scale ethanol production. We use a dynamic conditional correlation multivariate GARCH model to demonstrate a … strengthening relationship among corn, ethanol, and gasoline prices. We identify a structural change point at March 25, 2008 using …