{"id":"https://openalex.org/W7134960041","doi":"https://doi.org/10.1155/cplx/5511110","title":"Navigating the Flow: Unveiling Directional Information Transfer in Commodity Markets With Transfer Entropy and Moving Window Analysis","display_name":"Navigating the Flow: Unveiling Directional Information Transfer in Commodity Markets With Transfer Entropy and Moving Window Analysis","publication_year":2026,"publication_date":"2026-01-01","ids":{"openalex":"https://openalex.org/W7134960041","doi":"https://doi.org/10.1155/cplx/5511110"},"language":"en","primary_location":{"id":"doi:10.1155/cplx/5511110","is_oa":true,"landing_page_url":"https://doi.org/10.1155/cplx/5511110","pdf_url":null,"source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://doi.org/10.1155/cplx/5511110","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5128785798","display_name":"Insu Choi","orcid":null},"institutions":[{"id":"https://openalex.org/I12832649","display_name":"Gachon University","ror":"https://ror.org/03ryywt80","country_code":"KR","type":"education","lineage":["https://openalex.org/I12832649"]}],"countries":["KR"],"is_corresponding":false,"raw_author_name":"Insu Choi","raw_affiliation_strings":["Department of Finance and Big Data ,  Gachon University ,  Seongnam-si ,  Republic of Korea ,  gachon.ac.kr"],"raw_orcid":"https://orcid.org/0000-0003-2596-7368","affiliations":[{"raw_affiliation_string":"Department of Finance and Big Data ,  Gachon University ,  Seongnam-si ,  Republic of Korea ,  gachon.ac.kr","institution_ids":["https://openalex.org/I12832649"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5035626547","display_name":"Woo Chang Kim","orcid":"https://orcid.org/0000-0001-8385-9598"},"institutions":[{"id":"https://openalex.org/I157485424","display_name":"Korea Advanced Institute of Science and Technology","ror":"https://ror.org/05apxxy63","country_code":"KR","type":"education","lineage":["https://openalex.org/I157485424"]}],"countries":["KR"],"is_corresponding":true,"raw_author_name":"Woo Chang Kim","raw_affiliation_strings":["Department of Industrial and Systems Engineering ,  Korea Advanced Institute of Science and Technology (KAIST) ,  Daejeon ,  Republic of Korea ,  kaist.ac.kr"],"raw_orcid":"https://orcid.org/0000-0001-8385-9598","affiliations":[{"raw_affiliation_string":"Department of Industrial and Systems Engineering ,  Korea Advanced Institute of Science and Technology (KAIST) ,  Daejeon ,  Republic of Korea ,  kaist.ac.kr","institution_ids":["https://openalex.org/I157485424"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5035626547"],"corresponding_institution_ids":["https://openalex.org/I157485424"],"apc_list":{"value":2300,"currency":"USD","value_usd":2300},"apc_paid":{"value":2300,"currency":"USD","value_usd":2300},"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.48790288,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"2026","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.7027999758720398,"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":0.7027999758720398,"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/T14143","display_name":"Economic and Technological Innovation","score":0.09189999848604202,"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/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.025100000202655792,"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/transfer-entropy","display_name":"Transfer entropy","score":0.8529000282287598},{"id":"https://openalex.org/keywords/nonlinear-system","display_name":"Nonlinear system","score":0.7364000082015991},{"id":"https://openalex.org/keywords/futures-contract","display_name":"Futures contract","score":0.5672000050544739},{"id":"https://openalex.org/keywords/granger-causality","display_name":"Granger causality","score":0.5289000272750854},{"id":"https://openalex.org/keywords/information-transfer","display_name":"Information transfer","score":0.4675000011920929},{"id":"https://openalex.org/keywords/commodity","display_name":"Commodity","score":0.4607999920845032},{"id":"https://openalex.org/keywords/entropy","display_name":"Entropy (arrow of time)","score":0.4440000057220459},{"id":"https://openalex.org/keywords/transmission","display_name":"Transmission (telecommunications)","score":0.4187000095844269},{"id":"https://openalex.org/keywords/information-transmission","display_name":"Information transmission","score":0.40130001306533813}],"concepts":[{"id":"https://openalex.org/C182049051","wikidata":"https://www.wikidata.org/wiki/Q17147155","display_name":"Transfer entropy","level":3,"score":0.8529000282287598},{"id":"https://openalex.org/C158622935","wikidata":"https://www.wikidata.org/wiki/Q660848","display_name":"Nonlinear system","level":2,"score":0.7364000082015991},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5716999769210815},{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.5672000050544739},{"id":"https://openalex.org/C129824826","wikidata":"https://www.wikidata.org/wiki/Q2630107","display_name":"Granger causality","level":2,"score":0.5289000272750854},{"id":"https://openalex.org/C8854915","wikidata":"https://www.wikidata.org/wiki/Q4350200","display_name":"Information transfer","level":2,"score":0.4675000011920929},{"id":"https://openalex.org/C2779439359","wikidata":"https://www.wikidata.org/wiki/Q317088","display_name":"Commodity","level":2,"score":0.4607999920845032},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.44909998774528503},{"id":"https://openalex.org/C106301342","wikidata":"https://www.wikidata.org/wiki/Q4117933","display_name":"Entropy (arrow of time)","level":2,"score":0.4440000057220459},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4253000020980835},{"id":"https://openalex.org/C761482","wikidata":"https://www.wikidata.org/wiki/Q118093","display_name":"Transmission (telecommunications)","level":2,"score":0.4187000095844269},{"id":"https://openalex.org/C2983568541","wikidata":"https://www.wikidata.org/wiki/Q389772","display_name":"Information transmission","level":2,"score":0.40130001306533813},{"id":"https://openalex.org/C2779136372","wikidata":"https://www.wikidata.org/wiki/Q10283002","display_name":"Information flow","level":2,"score":0.3765999972820282},{"id":"https://openalex.org/C163175372","wikidata":"https://www.wikidata.org/wiki/Q3339222","display_name":"Linear model","level":2,"score":0.37279999256134033},{"id":"https://openalex.org/C72169020","wikidata":"https://www.wikidata.org/wiki/Q194404","display_name":"Monotonic function","level":2,"score":0.359499990940094},{"id":"https://openalex.org/C2776667075","wikidata":"https://www.wikidata.org/wiki/Q2922469","display_name":"Commodity market","level":2,"score":0.35740000009536743},{"id":"https://openalex.org/C2776175482","wikidata":"https://www.wikidata.org/wiki/Q1195816","display_name":"Transfer (computing)","level":2,"score":0.35109999775886536},{"id":"https://openalex.org/C3019152653","wikidata":"https://www.wikidata.org/wiki/Q186290","display_name":"Linear relationship","level":2,"score":0.3102000057697296},{"id":"https://openalex.org/C86859247","wikidata":"https://www.wikidata.org/wiki/Q4781760","display_name":"Approximate entropy","level":3,"score":0.29280000925064087},{"id":"https://openalex.org/C2983848023","wikidata":"https://www.wikidata.org/wiki/Q733553","display_name":"Transmission channel","level":3,"score":0.2768999934196472},{"id":"https://openalex.org/C175223733","wikidata":"https://www.wikidata.org/wiki/Q1047888","display_name":"Spot contract","level":3,"score":0.2727000117301941},{"id":"https://openalex.org/C39658296","wikidata":"https://www.wikidata.org/wiki/Q7242611","display_name":"Price discovery","level":3,"score":0.2711000144481659},{"id":"https://openalex.org/C52622258","wikidata":"https://www.wikidata.org/wiki/Q131222","display_name":"Information theory","level":2,"score":0.2709999978542328},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.26660001277923584},{"id":"https://openalex.org/C133029050","wikidata":"https://www.wikidata.org/wiki/Q385593","display_name":"Vector autoregression","level":2,"score":0.2540999948978424}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1155/cplx/5511110","is_oa":true,"landing_page_url":"https://doi.org/10.1155/cplx/5511110","pdf_url":null,"source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1155/cplx/5511110","is_oa":true,"landing_page_url":"https://doi.org/10.1155/cplx/5511110","pdf_url":null,"source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Zero hunger","id":"https://metadata.un.org/sdg/2","score":0.5060920715332031}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":45,"referenced_works":["https://openalex.org/W1586537758","https://openalex.org/W1636076318","https://openalex.org/W1995875735","https://openalex.org/W2025371899","https://openalex.org/W2030223245","https://openalex.org/W2039380580","https://openalex.org/W2041782669","https://openalex.org/W2048092465","https://openalex.org/W2065452020","https://openalex.org/W2066636486","https://openalex.org/W2079656335","https://openalex.org/W2085712123","https://openalex.org/W2178225550","https://openalex.org/W2462958506","https://openalex.org/W2478708596","https://openalex.org/W2618276300","https://openalex.org/W2792758678","https://openalex.org/W2889880961","https://openalex.org/W2935854497","https://openalex.org/W2972341183","https://openalex.org/W2980494957","https://openalex.org/W3042071913","https://openalex.org/W3081002035","https://openalex.org/W3094554956","https://openalex.org/W3125872950","https://openalex.org/W3133158865","https://openalex.org/W3157578279","https://openalex.org/W3162670648","https://openalex.org/W3194846463","https://openalex.org/W3201721123","https://openalex.org/W3205688236","https://openalex.org/W4205718131","https://openalex.org/W4210658273","https://openalex.org/W4229332618","https://openalex.org/W4231546411","https://openalex.org/W4236002041","https://openalex.org/W4280574539","https://openalex.org/W4285046705","https://openalex.org/W4312070645","https://openalex.org/W4389955702","https://openalex.org/W4390831250","https://openalex.org/W4391723808","https://openalex.org/W4400086485","https://openalex.org/W4404611472","https://openalex.org/W4404635255"],"related_works":[],"abstract_inverted_index":{"This":[0],"study":[1],"examines":[2],"directional":[3],"information":[4,142],"flow":[5],"in":[6,101],"commodity":[7,130],"futures":[8],"markets":[9],"using":[10],"transfer":[11],"entropy":[12],"(TE)":[13],"and":[14,32],"Granger":[15],"causality":[16],"(GC)":[17],"over":[18],"21.5":[19],"years.":[20],"Analyzing":[21],"12":[22],"major":[23],"commodities":[24,90,96],"through":[25],"rolling":[26],"windows":[27],"of":[28,141],"20,":[29],"60,":[30],"120,":[31],"240":[33],"days,":[34],"we":[35],"compare":[36],"linear":[37,54,92,113],"versus":[38],"nonlinear":[39,64,67,82,102,120],"transmission":[40,143],"mechanisms":[41],"across":[42],"different":[43,119],"market":[44,131],"conditions.":[45],"The":[46,125],"results":[47],"show":[48],"that":[49,128],"while":[50,94,115],"GC":[51],"captures":[52],"persistent":[53],"relationships":[55],"with":[56,76],"monotonically":[57],"increasing":[58],"detection":[59],"rates,":[60],"TE":[61,85],"reveals":[62,106],"complementary":[63],"dependencies":[65],"following":[66],"patterns.":[68],"During":[69],"crisis":[70],"periods,":[71],"network":[72],"density":[73],"increases":[74],"significantly,":[75],"the":[77,138],"COVID\u201019":[78],"pandemic":[79],"producing":[80],"pronounced":[81],"effects":[83],"where":[84],"substantially":[86],"exceeds":[87],"GC.":[88],"Energy":[89],"dominate":[91],"channels,":[93],"agricultural":[95],"emerge":[97],"as":[98],"central":[99],"nodes":[100],"networks.":[103],"Period\u2010specific":[104],"analysis":[105,132],"regime\u2010dependent":[107],"transmission:":[108],"postcrisis":[109],"periods":[110],"return":[111],"to":[112,136],"relationships,":[114],"commodity\u2010specific":[116],"shocks":[117],"activate":[118],"pathways":[121],"than":[122],"systemic":[123],"crises.":[124],"findings":[126],"demonstrate":[127],"comprehensive":[129],"requires":[133],"both":[134],"methodologies":[135],"capture":[137],"full":[139],"spectrum":[140],"mechanisms.":[144]},"counts_by_year":[],"updated_date":"2026-03-13T14:20:09.374765","created_date":"2026-03-12T00:00:00"}