The asymmetric relationship between structural oil shocks and food prices: evidence from Saudi Arabia

Almalki, Abdullah Mohammed; Hassan, Mehboobul; Amin, Md Fouad Bin

doi:10.1080/00036846.2022.2083065

Cited by 6 publications

(2 citation statements)

References 26 publications

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“…Most of research investigations have employed time-series data to facilitate either symmetrical or linear econometric modeling or asymmetrical economic modeling (Almalki et al, 2022;Kirikkaleli & Darbaz, 2021;Olayungbo, 2021). This last point may be the most important.…”

Section: Problem Statementmentioning

confidence: 99%

“…The study by Almalki et al (2022) used structural vector autoregressive (S-VAR) and nonlinear autoregressive distributed lags (NARDL) models to capture both short-and long-run asymmetries between these variables to examine the effects of structural oil shocks on the food prices in Saudi Arabia between 1986 and 2020. These structural oil shocks include the index of industrial production, global oil production, and spot crude oil prices.…”

Section: Literature Reviewmentioning

confidence: 99%

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Oil Price Shochs'S Asymmetric Responses on Food Inflation in Middle East and North Africa Countries in the time of Ukraine-Russia Crisis

2024

Futurity Economics&Law

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The war between Russia and Ukraine began on February 24, 2022, and it has lasted for more than a year. The world economy has been negatively influenced by the war and the series of events that followed it in a number of ways, including the stock market, and trade. The energy market and food prices have seen a significant decline. This empirical study examined the unequal effects of oil price shocks on food inflation in MENA countries during the Russian aggression using a Panel Asymmetric Granger Causality Test and a Non-linear Panel Autoregressive Distributed Lag Model. Empirical evidence demonstrated the asymmetry between the inflation of food and oil, with the majority of the effects of oil price shocks being positive on food inflation. The empirical data supporting the short- and long-term asymmetries in food and oil prices was revealed, with the majority of the evidence pointing to the beneficial impacts of oil price shocks on food inflation. Additionally, the estimations indicated that the food prices rose in both eras (after the war between Russia and Ukraine and when the complete sample was chosen) in response to increases in the price of oil.

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Section: Problem Statementmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%