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A GLOBAL VECTOR AUTOREGRESSION MODEL FOR THE ANALYSIS OF WHEAT EXPORT PRICES.
- Source :
- American Journal of Agricultural Economics; Oct2015, Vol. 97 Issue 5, p1494-1511, 18p, 7 Charts, 5 Graphs
- Publication Year :
- 2015
-
Abstract
- Food commodity price fluctuations have an important impact on poverty and food insecurity across the world. Conventional models have not provided a complete picture of recent price spikes in agricultural commodity markets, and there is an urgent need for appropriate policy responses. Perhaps new approaches are needed to better understand international spill-overs, the feedback between the real and the financial sectors, as well as the link between food and energy prices. In this article, we present the results from a new worldwide dynamic model that provides the short and long-run impulse responses of the international wheat price to various real and financial shocks. [ABSTRACT FROM AUTHOR]
- Subjects :
- COMMERCIAL products
PRICE fluctuations
FOOD security
AGRICULTURE
DYNAMIC models
Subjects
Details
- Language :
- English
- ISSN :
- 00029092
- Volume :
- 97
- Issue :
- 5
- Database :
- Complementary Index
- Journal :
- American Journal of Agricultural Economics
- Publication Type :
- Academic Journal
- Accession number :
- 109511106
- Full Text :
- https://doi.org/10.1093/ajae/aau103