{"id":"https://openalex.org/W2995844470","doi":"https://doi.org/10.1002/fut.22086","title":"Estimating the connectedness of commodity futures using a network approach","display_name":"Estimating the connectedness of commodity futures using a network approach","publication_year":2019,"publication_date":"2019-12-19","ids":{"openalex":"https://openalex.org/W2995844470","doi":"https://doi.org/10.1002/fut.22086","mag":"2995844470"},"language":"en","primary_location":{"id":"doi:10.1002/fut.22086","doi":"https://doi.org/10.1002/fut.22086","is_oa":false,"landing_page_url":"https://doi.org/10.1002/fut.22086","pdf_url":null,"source":{"id":"https://openalex.org/S136612413","display_name":"Journal of Futures Markets","issn_l":"0270-7314","issn":["0270-7314","1096-9934"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-2","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Futures Markets","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5057266849","display_name":"Binqing Xiao","orcid":"https://orcid.org/0000-0002-3319-7175","observed_orcids":["https://orcid.org/0000-0002-3319-7175"]},"institutions":[{"id":"https://openalex.org/I881766915","display_name":"Nanjing University","ror":"https://ror.org/01rxvg760","country_code":"CN","type":"education","lineage":["https://openalex.org/I881766915"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Binqing Xiao","raw_affiliation_strings":["School of Management and Engineering, Nanjing University, Nanjing, Jiangsu, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Management and Engineering, Nanjing University, Nanjing, Jiangsu, China","institution_ids":["https://openalex.org/I881766915"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100643773","display_name":"Honghai Yu","orcid":"https://orcid.org/0000-0002-9105-6768","observed_orcids":["https://orcid.org/0000-0002-9105-6768"]},"institutions":[{"id":"https://openalex.org/I881766915","display_name":"Nanjing University","ror":"https://ror.org/01rxvg760","country_code":"CN","type":"education","lineage":["https://openalex.org/I881766915"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Honghai Yu","raw_affiliation_strings":["School of Management and Engineering, Nanjing University, Nanjing, Jiangsu, China"],"raw_orcid":"https://orcid.org/0000-0002-9105-6768","affiliations":[{"raw_affiliation_string":"School of Management and Engineering, Nanjing University, Nanjing, Jiangsu, China","institution_ids":["https://openalex.org/I881766915"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5070582620","display_name":"Libing Fang","orcid":"https://orcid.org/0000-0002-7820-5394","observed_orcids":["https://orcid.org/0000-0002-7820-5394"]},"institutions":[{"id":"https://openalex.org/I881766915","display_name":"Nanjing University","ror":"https://ror.org/01rxvg760","country_code":"CN","type":"education","lineage":["https://openalex.org/I881766915"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Libing Fang","raw_affiliation_strings":["School of Management and Engineering, Nanjing University, Nanjing, Jiangsu, China"],"raw_orcid":"https://orcid.org/0000-0002-7820-5394","affiliations":[{"raw_affiliation_string":"School of Management and Engineering, Nanjing University, Nanjing, Jiangsu, China","institution_ids":["https://openalex.org/I881766915"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5031009845","display_name":"Sifang Ding","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I881766915","display_name":"Nanjing University","ror":"https://ror.org/01rxvg760","country_code":"CN","type":"education","lineage":["https://openalex.org/I881766915"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Sifang Ding","raw_affiliation_strings":["School of Management and Engineering, Nanjing University, Nanjing, Jiangsu, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Management and Engineering, Nanjing University, Nanjing, Jiangsu, China","institution_ids":["https://openalex.org/I881766915"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5070582620"],"corresponding_institution_ids":["https://openalex.org/I881766915"],"apc_list":{"value":2500,"currency":"USD","value_usd":2500},"apc_paid":null,"fwci":9.3489,"has_fulltext":false,"cited_by_count":71,"citation_normalized_percentile":{"value":0.97855954,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":97,"max":100},"biblio":{"volume":"40","issue":"4","first_page":"598","last_page":"616"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.6675000190734863,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.6675000190734863,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.33009999990463257,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11898","display_name":"Economics of Agriculture and Food Markets","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/commodity-futures","display_name":"commodity futures","score":0.949999988079071},{"id":"https://openalex.org/keywords/connectedness","display_name":"connectedness","score":0.7149999737739563},{"id":"https://openalex.org/keywords/network-analysis","display_name":"network analysis","score":0.5979999899864197},{"id":"https://openalex.org/keywords/variance-decomposition","display_name":"variance decomposition","score":0.871999979019165},{"id":"https://openalex.org/keywords/dynamic-connectedness","display_name":"dynamic connectivity","score":0.7390000224113464},{"id":"https://openalex.org/keywords/shock-transmission","display_name":"shock transmission","score":0.7289999723434448},{"id":"https://openalex.org/keywords/metal-futures","display_name":"metal futures","score":0.8040000200271606},{"id":"https://openalex.org/keywords/agricultural-futures","display_name":"agricultural futures","score":1.0},{"id":"https://openalex.org/keywords/volatility-uncertainty","display_name":"volatility uncertainty","score":0.8460000157356262},{"id":"https://openalex.org/keywords/financial-turbulence","display_name":"financial turmoil","score":0.6010000109672546},{"id":"https://openalex.org/keywords/portfolio-risk","display_name":"portfolio risk","score":0.8889999985694885}],"concepts":[{"id":"https://openalex.org/C201943243","wikidata":"https://www.wikidata.org/wiki/Q7551008","display_name":"Social connectedness","level":2,"score":0.9695756435394287},{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.9459176063537598},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.5430840849876404},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5255031585693359},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4966898560523987},{"id":"https://openalex.org/C2776667075","wikidata":"https://www.wikidata.org/wiki/Q2922469","display_name":"Commodity market","level":2,"score":0.4510478675365448},{"id":"https://openalex.org/C2983622608","wikidata":"https://www.wikidata.org/wiki/Q2298435","display_name":"Futures market","level":3,"score":0.43527573347091675},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3984622359275818},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.10480296611785889},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.08365878462791443},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0609494149684906}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1002/fut.22086","doi":"https://doi.org/10.1002/fut.22086","is_oa":false,"landing_page_url":"https://doi.org/10.1002/fut.22086","pdf_url":null,"source":{"id":"https://openalex.org/S136612413","display_name":"Journal of Futures Markets","issn_l":"0270-7314","issn":["0270-7314","1096-9934"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-2","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Futures Markets","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/2","display_name":"Zero hunger","score":0.40450000762939453}],"study_designs":[],"awards":[{"id":"https://openalex.org/G235467156","display_name":"\u7f51\u7edc\u89c6\u89d2\u4e0b\u7684\u6295\u8d44\u8005\u4ea4\u6613\u884c\u4e3a\u53ca\u5176\u5f71\u54cd\u7814\u7a76\u2014\u2014\u57fa\u4e8e\u72ec\u7279\u7684\u80a1\u7968\u8d26\u6237\u6570\u636e","funder_award_id":"71972100","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G4135978206","display_name":null,"funder_award_id":"U1811462","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G6924189370","display_name":null,"funder_award_id":"71720107001","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G7499497094","display_name":"\u57fa\u4e8e\u5185\u90e8\u635f\u5931\u4e8b\u4ef6\u7684\u5546\u4e1a\u94f6\u884c\u64cd\u4f5c\u98ce\u9669\u52a8\u56e0\u673a\u7406\u3001\u91cf\u5316\u5efa\u6a21\u53ca\u52a8\u6001\u63a7\u5236\u7814\u7a76","funder_award_id":"71671083","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G8481740556","display_name":"\u91d1\u878d\u79d1\u6280\u521b\u65b0\u9a71\u52a8\u7684\u8bc1\u5238\u5e02\u573a\u5fae\u89c2\u7ed3\u6784\u4f18\u5316\u7814\u7a76\uff1a\u4ee5\u5f31\u52bf\u6295\u8d44\u8005\u5c45\u591a\u4e3a\u80cc\u666f","funder_award_id":"71771117","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":30,"referenced_works":["https://openalex.org/W1582000793","https://openalex.org/W1969610664","https://openalex.org/W1979388309","https://openalex.org/W2007119655","https://openalex.org/W2032191703","https://openalex.org/W2039734130","https://openalex.org/W2050815921","https://openalex.org/W2092340563","https://openalex.org/W2107802909","https://openalex.org/W2116701769","https://openalex.org/W2129737628","https://openalex.org/W2131053200","https://openalex.org/W2138144286","https://openalex.org/W2169665118","https://openalex.org/W2236336618","https://openalex.org/W2320932058","https://openalex.org/W2344454021","https://openalex.org/W2564328920","https://openalex.org/W2761001951","https://openalex.org/W2800519341","https://openalex.org/W2939452253","https://openalex.org/W3020982786","https://openalex.org/W3122017769","https://openalex.org/W3122186884","https://openalex.org/W3122823746","https://openalex.org/W3123503831","https://openalex.org/W3123522481","https://openalex.org/W3124194226","https://openalex.org/W4237295867","https://openalex.org/W4253163276"],"related_works":["https://openalex.org/W4390052314","https://openalex.org/W3180105929","https://openalex.org/W3204752178","https://openalex.org/W7125375234","https://openalex.org/W3119989519","https://openalex.org/W2939452253","https://openalex.org/W4327978100","https://openalex.org/W4324148444","https://openalex.org/W7065851471","https://openalex.org/W3042922795"],"abstract_inverted_index":{"Abstract":[0],"Using":[1],"a":[2],"network":[3],"approach":[4],"of":[5,12,32,50,62,76,80,92,95],"variance":[6],"decompositions,":[7],"we":[8,69],"measure":[9],"the":[10,45,51,60,65,90],"connectedness":[11,61,71,81,91],"18":[13],"commodity":[14,55],"futures":[15,28,39,56,66,96],"and":[16,20,37],"characterize":[17],"both":[18],"static":[19],"dynamic":[21],"connectedness.":[22],"Our":[23],"results":[24],"show":[25],"that":[26,84,89],"metal":[27],"are":[29,40,57],"net":[30],"transmitters":[31],"shocks":[33,43,63],"to":[34,42,59],"other":[35],"futures,":[36],"agricultural":[38],"vulnerable":[41],"from":[44],"others.":[46],"Furthermore,":[47],"almost":[48],"two\u2010thirds":[49],"volatility":[52],"uncertainty":[53],"for":[54],"due":[58],"across":[64],"market.":[67],"Dynamically,":[68],"find":[70],"always":[72],"increases":[73],"in":[74],"times":[75],"turmoil.":[77],"An":[78],"analysis":[79],"networks":[82],"suggests":[83],"investors":[85],"could":[86,97],"be":[87],"forewarned":[88],"various":[93],"classes":[94],"threaten":[98],"their":[99],"portfolios.":[100]},"counts_by_year":[{"year":2026,"cited_by_count":10},{"year":2025,"cited_by_count":9},{"year":2024,"cited_by_count":11},{"year":2023,"cited_by_count":11},{"year":2022,"cited_by_count":18},{"year":2021,"cited_by_count":8},{"year":2020,"cited_by_count":4}],"updated_date":"2026-10-31T12:09:11.096373","created_date":"2019-12-26T00:00:00"}
