UNDERSTANDING RISK DISSEMINATION: AN OVERVIEW IN SOYBEAN AND CORN MARKETS
DOI:
https://doi.org/10.25070/rea.v18i1.8644Resumo
Este artigo fornece uma visão geral da literatura de pesquisa sobre a disseminação de riscos para os mercados de milho e de soja. A revisão sistemática abarca a pesquisa, estruturação e sintetização dos estudos empíricos que utilizaram termos como contágio, transmissão e transbordamento para avaliar a propagação de riscos entre mercados. Os tópicos de destaque incluem a revisão sobre as principais óticas de análise da interação do mercado agrícola com outros mercados e os avanços teóricos na análise do risco de preços. Mudanças exógenas ao mercado agrícola como a crise financeira, ascensão dos biocombustíveis e financeirização das commodities são apontadas pela literatura como vetores de transmissão de risco para os mercados de milho e de soja. Dentre os resultados de pesquisa, cabe destacar a disseminação de artigos que avaliam a temática transbordamento, com a utilização predominante da abordagem GARCH multivariada, focada principalmente na interrelação entre os mercados de alimentos e energia.
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