Essec\Faculty\Model\Contribution {#2233
  #_index: "academ_contributions"
  #_id: "12054"
  #_source: array:26 [
    "id" => "12054"
    "slug" => "dynamics-of-biofuel-prices-on-the-european-market-impact-of-the-eu-environmental-policy-on-the-resources-markets"
    "yearMonth" => "2020-02"
    "year" => "2020"
    "title" => "Dynamics of Biofuel Prices on the European Market: Impact of the EU Environmental Policy on the Resources Markets"
    "description" => "DECLERCK, F., INDJEHAGOPIAN, J.P. et LANTZ, F. (2020). <i>Dynamics of Biofuel Prices on the European Market: Impact of the EU Environmental Policy on the Resources Markets</i>. 2003, ESSEC Business School Research Center."
    "authors" => array:3 [
      0 => array:3 [
        "name" => "DECLERCK Francis"
        "bid" => "B00000143"
        "slug" => "declerck-francis"
      ]
      1 => array:3 [
        "name" => "INDJEHAGOPIAN Jean-Pierre"
        "bid" => "B00000258"
        "slug" => "indjehagopian-jean-pierre"
      ]
      2 => array:1 [
        "name" => "LANTZ Frédéric"
      ]
    ]
    "ouvrage" => ""
    "keywords" => array:1 [
      0 => "switching regime model, biofuel, oil market, structural changes"
    ]
    "updatedAt" => "2023-05-15 12:47:29"
    "publicationUrl" => "https://hal.archives-ouvertes.fr/hal-02487491/"
    "publicationInfo" => array:3 [
      "pages" => ""
      "volume" => ""
      "number" => ""
    ]
    "type" => array:2 [
      "fr" => "Documents de travail"
      "en" => "Working Papers"
    ]
    "support_type" => array:2 [
      "fr" => "Cahier de Recherche"
      "en" => "Working Papers"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "This paper aims at explaining the major drivers of biodiesel market prices by examining agricultural resource prices and gasoil prices for automotive fuels in the context of the EU environmental policy. The EU policy has enhanced biodiesel production since 2006. Biodiesel prices are impacted by the EU policy as well as rapeseed and oil prices which have fluctuated a lot over the last decade. An econometric analysis was performed using monthly data from November 2006 to January 2016. However, tests for structural breaks show several changes in price behavior. This leads us to estimate a regime-switching model which reveals two main regimes for the biodiesel price pattern. When oil prices are high, biodiesel, rapeseed and diesel oil prices are related, mainly driven by oil prices. When oil prices are low, biodiesel prices are mostly related to rapeseed prices according to EU regulations requiring the blending of biodiesel and gasoil."
      "en" => "This paper aims at explaining the major drivers of biodiesel market prices by examining agricultural resource prices and gasoil prices for automotive fuels in the context of the EU environmental policy. The EU policy has enhanced biodiesel production since 2006. Biodiesel prices are impacted by the EU policy as well as rapeseed and oil prices which have fluctuated a lot over the last decade. An econometric analysis was performed using monthly data from November 2006 to January 2016. However, tests for structural breaks show several changes in price behavior. This leads us to estimate a regime-switching model which reveals two main regimes for the biodiesel price pattern. When oil prices are high, biodiesel, rapeseed and diesel oil prices are related, mainly driven by oil prices. When oil prices are low, biodiesel prices are mostly related to rapeseed prices according to EU regulations requiring the blending of biodiesel and gasoil."
    ]
    "authors_fields" => array:2 [
      "fr" => "Systèmes d'Information, Data Analytics et Opérations"
      "en" => "Information Systems, Data Analytics and Operations"
    ]
    "indexedAt" => "2024-11-21T08:21:48.000Z"
    "docTitle" => "Dynamics of Biofuel Prices on the European Market: Impact of the EU Environmental Policy on the Resources Markets"
    "docSurtitle" => "Documents de travail"
    "authorNames" => "<a href="/cv/declerck-francis">DECLERCK Francis</a>, <a href="/cv/indjehagopian-jean-pierre">INDJEHAGOPIAN Jean-Pierre</a>, LANTZ Frédéric"
    "docDescription" => "<span class="document-property-authors">DECLERCK Francis, INDJEHAGOPIAN Jean-Pierre, LANTZ Frédéric</span><br><span class="document-property-authors_fields">Systèmes d'Information, Data Analytics et Opérations</span> | <span class="document-property-year">2020</span>"
    "keywordList" => "<a href="#">switching regime model, biofuel, oil market, structural changes</a>"
    "docPreview" => "<b>Dynamics of Biofuel Prices on the European Market: Impact of the EU Environmental Policy on the Resources Markets</b><br><span>2020-02 | Documents de travail </span>"
    "docType" => "research"
    "publicationLink" => "<a href="https://hal.archives-ouvertes.fr/hal-02487491/" target="_blank">Dynamics of Biofuel Prices on the European Market: Impact of the EU Environmental Policy on the Resources Markets</a>"
  ]
  +lang: "fr"
  +"_type": "_doc"
  +"_score": 8.347049
  +"parent": null
}