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The causal relationship between crude oil price, exchange rate and rice price
- Source :
- Scopus-Elsevier, International Journal of Energy Economics and Policy, Vol 8, Iss 1, Pp 90-94 (2018)
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Abstract
- This study aims to examine the causal relationship between crude oil price, IDR/EUR exchange rate, and rice price by using monthly data from January 2000 to September 2017. The result of data analysis using VAR model shows that there is no long-term relationship between crude oil price, IDR/EUR exchange rate, and the price of rice. The relationhip that happens is only in short-term one. Granger causality test result shows that the direction of relationship is from crude oil price and IDR/EUR exchange rate to rice price. The relationship between crude oil price and rice price is positive, while the relationship between IDR/EUR exchange rate and rice price is positive before the third month. However, this relationship turns into negative after the third month. Keywords: Crude oil price, exchange rate, rice price, VAR model.JEL Classifications: C58, G150, Q13, Q430
Details
- Database :
- OpenAIRE
- Journal :
- Scopus-Elsevier, International Journal of Energy Economics and Policy, Vol 8, Iss 1, Pp 90-94 (2018)
- Accession number :
- edsair.dedup.wf.001..09cfeeaff3b6d4e0018db3f106581032