Evidence map›Paper›PMID 40531983›Full record

ArticlePloS one2025

Does geopolitical risks drive the extreme spillovers of bulk energy and chemical commodity.

Zhang Tao, Tianzhuang Li, Yadi Chen, Xiaoyue Huang

Erratum issuedAbstract read
In one paragraph

Article in PloS one, 2025. The graph could read no effect estimate from its abstract, so it casts no vote on the map. An erratum has been issued. Cited by 1 paper.

0numbers the graph read from it
0cells of the map it votes in
1citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

1 citing paper in PubMed.

  1. Article
4 · The record

Corrections and comments

5 · Who and what money

Authors and funding

4 authors.

Zhang TaoGuangxi Colleges and Universities Key laboratory of Intelligent Logistics Technology, Nanning Normal University, Nanning, Guangxi, China.
Tianzhuang LiSchool of Management and Economics, Nanning Normal University, Nanning, Guangxi, China.
Yadi ChenThe Institute for Sustainable Development, Macau University of Science and Technology, Macao, China.
Xiaoyue HuangThe Institute for Sustainable Development, Macau University of Science and Technology, Macao, China.ORCID 0000-0002-8775-0482

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

Geopolitical risks (GPR) can affect the prices of natural resources, which are crucial for survival and sustainable economies. Based on the TVP-VAR-BK models, this paper examines the asymmetric risk contagion between geopolitical risk, bulk energy, and chemical commodity from a time-frequency perspective. The results show that the risk contagion of geopolitical risks, bulk energy and chemical commodity markets has time-varying asymmetry and periodicity, and is susceptible to extreme events. Furthermore, the main driving factor is high-frequency spillover, which has "short-term fragility", that is, the risk spillover in the short term is more significant than in the medium and long term, and network spillover is mainly caused by negative risk changes. In addition, the bulk energy market is the main risk transmitter, while the chemical commodity market is the main risk receiver. The risk contagion of crude oil on bitumen markets is the most significant. Finally, as a downstream market of the crude oil industry, the chemical commodity market not only directly accepts risk contagion from the crude oil market, but also transmits risks along the "bulk energy - geopolitical risk - chemical commodity" path. This evidence has important implications for governments and regulators in taking steps to prevent extreme spillover effects and a series of chain reactions from geopolitical risks.

Indexed as

PetroleumCommercePetroleum

Identifiers

PMID40531983
PMCPMC12176219

What OpenQuestion holds

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Registered trials

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Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.