Assessing the effect of oil price on world food prices: Application of principal component analysis

Esmaeili, Abdoulkarim; Shokoohi, Zeinab

doi:10.1016/j.enpol.2010.11.004

Cited by 141 publications

(86 citation statements)

References 10 publications

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“…However, results indicate no long-run relationship. In support of these results, Esmaeili and Shokoohi (2011) indicate only a possible indirect relation between oil and agricultural commodity prices. Economic theory suggests global competitive markets will restore prices to their long-run equilibrium trends after any agricultural price shocks due to increased biofuel demand or other shocks (Figure 3) (Zhang et al, 2009;Zhang et al, 2010).…”

Section: Current Research Trendssupporting

confidence: 56%

The Post 2008 Food Before Fuel Crisis: Theory, Literature, and Policies

Qiu¹,

Colson²,

Wetzstein³

2011

Economic Effects of Biofuel Production

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Section: Current Research Trendssupporting

confidence: 56%

The Post 2008 Food Before Fuel Crisis: Theory, Literature, and Policies

Qiu¹,

Colson²,

Wetzstein³

2011

Economic Effects of Biofuel Production

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“…Esmaeili and Shokoohi (2011) found that the crude oil prices have an indirect effect on food prices. Campiche et al (2007) (Wang et al 2014).…”

Section: Literature Reviewmentioning

confidence: 99%

World oil prices and agricultural commodity prices: The evidence from China

Ma¹,

Xu²,

Dong³

2015

Agric. Econ. - Czech

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“…Esmaeili and Shokoohi [6] used principal component analysis (PCA) to further understand the influence of the macroeconomic index on food prices. They also use correlation and causality test with Augmented Dicky Fuller and Granger Causality Test.…”

Section: Introductionmentioning

confidence: 99%

Sugar Price Analysis in Indonesia

Jati¹

2013

IJSSH

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Abstract-This study examines the dynamic relationship between sugar price, exchange rate, oil price, rice price, and consumer price index (CPI); and to detect is there any difference between exchange rate, oil price, rice price, and CPI in effecting sugar price. We employ Vector Auto-regressions methods for a time series of monthly data from January 1998 to December 2011. Generally, the Impulse Response Function results provide the positive response of Indonesian sugar price from shock of the change of world sugar price, oil price, rice price and CPI; but there is negative response of Indonesian sugar price from shock of the change of exchange rate. The empirical results in variance decomposition test provide evidence that variability of the change of Indonesian sugar price are vary between each variable. Overall variance decomposition results are below than ten percent. These results indicate there is low transmission of international prices into Indonesian sugar prices.

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Assessing the effect of oil price on world food prices: Application of principal component analysis

Cited by 141 publications

References 10 publications

The Post 2008 Food Before Fuel Crisis: Theory, Literature, and Policies

The Post 2008 Food Before Fuel Crisis: Theory, Literature, and Policies

World oil prices and agricultural commodity prices: The evidence from China

Sugar Price Analysis in Indonesia

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