Examining the Determinants of Food Prices in Developing Asia

Abstract

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Climate Change and Macro Prices in Nigeria: A Nonlinear Analysis

“…There are three theoretical frameworks in this study. For food prices, I follow Huh and Park (2013) on the factors that influence inflation, while for the exchange rate and interest rate I follow Frankel (2007) and Feldstein and Eckstein (1970), respectively. Following Fankhauser and Tol (2005)…”

“…Following Huh and Park (2013) on the relevant regressors for Food Prices (fp) in this study, I specify fp = f (exr, ms, ir, to, cc) where (i) the Exchange Rate (exr) against the dollar can affect local food prices by altering import prices, (ii) Money Supply (ms) is included to reflect inflationary pressures on the general price level, (iii) Interest Rate (ir) is incorporated because a change in interest rate changes demand for money and hence food prices (high interest rates reduce firms' desire to carry inventory (Frankel 2014), and (iv) International trade (to) is included, first because Nigeria is an open economy and second, because high food prices could engender increased import and vice versa (Lee et al 2021). Finally, (v) Climate Change (cc) variable (average temperature) is included because climate change affects food production and food prices (Shuaibu 2020).…”

The impact of agricultural input costs on food prices in Turkey: A case study

“…That study finds that supply-side factors such as subsidies and world food prices and demand-side factors such as money supply have a significant impact on food prices in Pakistan. Using a lock VAR, Huh and Food-CPI -the consumer price index for food and non-alcoholic beverages Source: Eurostat 2019https://doi.org/10.17221/260/2020-AGRICECON Park (2013) investigate the determinants of food prices in developing Asian countries. In the study, 10 variables classified into three blocks as global, regional, and country variables are used.…”

Analysis of Indonesian Rice Price Transmission in The ASEAN Economic Community (AEC) Framework

“…rice prices. According toHuh and Park (2013) world oil prices are one of the determinants that affect Asian food prices, because oil prices have an impact on the production and transportation costs of agricultural commodities, thus affecting prices from the supply side. While world oil prices negatively affect Indonesia's rice prices.…”