Global S&T Development Trend Analysis Platform of Resources and Environment
Volatility Linkages between Energy and Food Prices: Case of Selected Asian Countries | |
[unavailable] | |
2018-03-26 | |
出版年 | 2018 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
英文摘要 |
Oil price is the major component explaining fluctuations in food prices. We examine the linkages between energy price and food prices over the period 2000–2016 by using a Panel-VAR model in the case of 8 Asian economies: Bangladesh, the People’s Republic of China, Indonesia, India, Japan, Sri Lanka, Thailand, and Viet Nam. Our results confirm that energy price (oil price) has a significant impact on food prices. According to the results of impulse response functions, agricultural food prices respond positively to any shock from oil prices. The findings from variance decomposition reveal that shares of oil prices in agricultural food price volatilities are the largest. In the second period 4.81%, and in the 20th period 62.49%, of food price variance is explained by oil price movements. We offer new policy insight. Since We also found that the impact of biofuel prices on food prices is statistically significant but explains less than 2% of the food price variance. However, by increasing the demand for biofuel, especially in advanced countries, there should be more concern about the global increase in agricultural commodities prices and endangering food security, especially in vulnerable economies. WORKING PAPER NO: 829 |
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来源平台 | Asian Development Bank |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/235021 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | [unavailable]. Volatility Linkages between Energy and Food Prices: Case of Selected Asian Countries,2018. |
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adbi-wp829.pdf(1182KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
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