The Impact of Oil Prices on the Food Inflation in Kazakhstan

Baimaganbetov, Sabit; Kelesbayev, Dinmukhamed; Baibosynova, Gulzhan; Yermankulova, Rima; Dandayeva, Botagoz

doi:10.32479/ijeep.10844

Cited by 2 publications

(2 citation statements)

References 11 publications

(22 reference statements)

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“…As a result, it can detect hidden linkages that are not detectable using the asymmetric causality test. (Baimaganbetov et al, 2021), their lookup, makes use of monthto-month facts from 2004 to 2019 and produces a lookup that the motive of the lookup effects is to analyze the influence of oil charges on meals costs. They determined that the price of crude oil had an oblique impact on the amount of food.…”

Section: Literature Reviewmentioning

confidence: 99%

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Crude Oil Prices and Currency Exchange Rates’ Impact on the Indonesian Energy Stock Market during the Covid-19 Pandemic

Alexandri

Sari

Sumadinata

2022

IJEEP

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This study examines the effect of oil prices and currency exchange rates on the Indonesian Energy Stock Market, which was listed on the Indonesian Stock Exchange from 2020 to 2022. The purpose of this study is to select samples from the entire population. This study employed the ADF and Zivot-Andrews (1992) unit root test analyses. To begin, causality between the variables was established. The data suggested that alternate fees, closing price, and trade rat are causally related. The VAR method was used to investigate the short-term effects of the variables At the same time, oil prices have a beneficial effect on closing costs, trading prices experience closing post costs and Currency Exchange Rate prices During the Covid-19 Pandemic.

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Section: Literature Reviewmentioning

confidence: 99%

“…While some studies have explored the effect of oil taxes on inventory markets in rich (Hammoudeh and Aleisa, 2004); (Basher and Sadorsky, 2006), others have researched them in developing countries (Abraham, 2016); (Chang et al, 2013); (Degiannakis et al, 2017); (Baimaganbetov et al, 2021); (Wang et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

Crude Oil Prices and Currency Exchange Rates’ Impact on the Indonesian Energy Stock Market during the Covid-19 Pandemic

Alexandri

Sari

Sumadinata

2022

IJEEP

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Does global crude oil price transmit an asymmetric shock on food inflation? Evidence from south and southeast Asian economies

Mishra,

Dash,

Padhan

2024

JADEE

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PurposeThis pragmatic investigation examines the dynamic nexus between crude oil prices and food inflation from South and Southeast Asian perspectives.Design/methodology/approachThis study investigates the asymmetric effects of global crude oil prices on food inflation using a nonlinear autoregressive distributed lag (ARDL) model with monthly data covering the period from May 2012 to April 2022.FindingsThe empirical evidence reveals that international crude oil has a substantial impact on food prices in the majority of countries. Additionally, the relevant outcome documents that the asymmetric effect of global crude oil on food inflation applies to Sri Lanka and Vietnam, while in the other countries, it is symmetric.Research limitations/implicationsConsidering the optimistic outcomes, this empirical investigation is certain to have important shortcomings. Initially, the conclusions drawn from the above findings were based only on detailed assessments of the aforementioned variables' data over a 10-year period. The current scholarly analysis investigates the existence of an asymmetric impact of crude oil on food inflation, limited to six Asian countries. On the other hand, considering a greater number of Asian economies could enhance the analysis’s robustness and precision.Originality/valueThe current research aims to contribute to the existing literature on food inflation and global oil prices in the following ways: First, this study investigates the nexus between global crude oil and food inflation in a novel way, considering the nonlinear relationship between the variables. To figure out the nonlinear relationship or uneven effect of the global oil shock on food prices, we use the nonlinear ARDL model. Secondly, as food inflation is one of the major issues for the South and Southeast Asian economies, this empirical investigation broadens the analysis by incorporating a perspective from South and Southeast Asia, an area largely overlooked by previous researchers. Finally, we are very optimistic about the phenomenal contribution of current analysis to comprehending the conception of oil and food price dynamics from a broader perspective to achieve the Sustainable Development Goal (SDG), which aims for a sustainable resolution to end hunger in all its forms by 2030 and to accomplish food security, especially in emerging economies.

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The Impact of Oil Prices on the Food Inflation in Kazakhstan

Cited by 2 publications

References 11 publications

Crude Oil Prices and Currency Exchange Rates’ Impact on the Indonesian Energy Stock Market during the Covid-19 Pandemic

Crude Oil Prices and Currency Exchange Rates’ Impact on the Indonesian Energy Stock Market during the Covid-19 Pandemic

Does global crude oil price transmit an asymmetric shock on food inflation? Evidence from south and southeast Asian economies

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