This research takes the analysis of the relationship between energy and income in a different direction than prior research, and it introduces a new set of analytical tools to the area. The results of our research are important because they raise additional questions about the effectiveness of...

We evaluate differential effects of the trading activity of two classes of traders: hedgers and general investors, on the volatility of the NYMEX crude oil futures returns. It appears that the rebalancing activity of oil hedgers has a significant and positive effect on the oil futures...

The relationship between energy futures trading volume and physical commodity usage is evaluated with the aim of demonstrating the correct method of calculation. This relationship has been incorrectly calculated and the misleading results have been offered up as evidence of excessive speculator...

This paper examines the effect of the maturity of the futures contact used as the hedging instrument on the effectiveness of futures hedging. For this purpose, daily and monthly data on the WTI crude oil futures and spot prices are used to work out the hedge ratios and the measures of hedging...

This paper investigates the key factors influencing the rate of Internet penetration in China. Given the significant differences in Internet penetration rates across different regions in China, panel data for 31 Chinese provinces over the period 2003–2009 are analyzed in a dynamic modelling...