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Oil price shocks and agricultural commodity prices

Wang, Yudong; Wu, Chongfeng; Yang, Li - In: Energy Economics 44 (2014) C, pp. 22-35

While the impacts of oil price changes on agricultural commodity markets are of great interest to economists, previous studies do not differentiate oil-specific shocks from aggregate demand shocks. In this paper, we address this issue using a structural VAR analysis. Our findings indicate that...

Persistent link: https://www.econbiz.de/10011100069

The biofuel connection: impact of US regulation on oil and food prices

Avalos, Fernando; Lombardi, Marco Jacopo - Bank for International Settlements (BIS) - 2015

Biofuel policies are frequently mentioned in the policy and academic debates because of their potential impact on food prices. In 2005, the United States authorities passed legislation under which corn-based ethanol became in practice the only available gasoline additive. Some studies have then...

Persistent link: https://www.econbiz.de/10011167260

Do oil prices drive food prices? The tale of a structural break

Avalos, Fernando - In: Journal of International Money and Finance 42 (2014) C, pp. 253-271

data show evidence of a previously non-existent cointegration relationship between oil and corn prices. …

Persistent link: https://www.econbiz.de/10010743964

The Relationship among Ethanol, Sugar and Oil Prices in Brazil: Cointegration Analysis with Structural Breaks

Bo, Chen; Sayed, Saghaian - Southern Agricultural Economics Association - SAEA - 2015

Ethanol has gradually gain momentum in the world’s energy market in recent decades with Brazil the largest producers …

Persistent link: https://www.econbiz.de/10011125391

Oil Price Effects on Land Use Competition – An Empirical Analysis

Diermeier, Matthias; Schmidt, Torsten - Rheinisch-Westfälisches Institut für … - 2012

selected food commodities empirically performing Granger causality and cointegration tests as well as calculating impulse … response functions. On the world aggregated level we reveal that the crude petroleum price only Granger causes the price of …

Persistent link: https://www.econbiz.de/10010860286

Physical Market Determinants of the Price of Crude Oil and the Market Premium

Chevillon, Guillaume; Rifflart, Christine - ESSEC Business School - 2007

We analyze the physical, i.e. non financial, determinants of the real price of crude oil by means of an equilibrium correction model over the last two decades. We find that two cointegrating relations affect the change in prices: one refers to OPEC's cartel behavior attempting to control prices...

Persistent link: https://www.econbiz.de/10004970681

The impact of Oil Price and Oil Price Fluctuation on Growth Exports and Inflation in Pakistan

Hasanat Shah, Syed; Li, Jun Jiang; Hasanat, Hafsa - Volkswirtschaftliche Fakultät, … - 2013

In this study we employed the ARDL bound test in order to detect cointegration relation of oil price and oil price … fluctuation with GDP, exports and inflation in Pakistan. Our results confirmed cointegration among the variables when GDP was …

Persistent link: https://www.econbiz.de/10011107799

The Turkish Stock Market Integration with Oil Prices: Cointegration Analysis with Unknown Regime Shifts

Halaç, Umut; Fatma Dilvin TaÅŸkÄ±n; Çağlı, Efe … - In: Panoeconomicus 60 (2013) 4, pp. 499-513

Oil prices are often considered as a vital economic factor due to the dependence of the world economy on oil. The goal …

Persistent link: https://www.econbiz.de/10011168537

Oil Price-Macroeconomic Relationship in Australia and New Zealand: Application of a Hidden Cointegration Technique

Alom, Fardous - In: Institutions and Economies (formerly known as … 6 (2014) 2, pp. 105-128

Zealand within the framework of hidden cointegration technique and crouching error correction model (CECM) of Granger and Yoon …

Persistent link: https://www.econbiz.de/10011118415

Agricultural market integration: price transmission and policy intervention

Vasciaveo, M.; Rosa, F.; Weaver, R. - Associazione Italiana di Economia Agraria e Applicata - … - 2013

The increasing co-movements between world oil and food prices in the 2000s has prompted interest in the transmission … higher accounting for much of the world food consumption. It is hypothesized that US and Italy agricultural markets are … (US) to domestic market (Italy).The time series analysis is used to test the structural breaks, the co-integration and …

Persistent link: https://www.econbiz.de/10010910357