The Role of Energy on the Price Volatility of Fruits and Vegetables: Evidence from Turkey
In agricultural economics, fluctuations in food prices and the factors affecting these fluctuations have always been an important research topic. From production to delivery to consumers, the supply chain of agricultural products has a dynamic structure with continuous changes. In this dynamic proce...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Firenze University Press
2022-07-01
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| Series: | Bio-based and Applied Economics |
| Subjects: | |
| Online Access: | https://oaj.fupress.net/index.php/bae/article/view/10896 |
| _version_ | 1818189588383924224 |
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| author | Harun Uçak Esin Yelgen Yakup Arı |
| author_facet | Harun Uçak Esin Yelgen Yakup Arı |
| author_sort | Harun Uçak |
| collection | DOAJ |
| description | In agricultural economics, fluctuations in food prices and the factors affecting these fluctuations have always been an important research topic. From production to delivery to consumers, the supply chain of agricultural products has a dynamic structure with continuous changes. In this dynamic process, analyzing the intensive use of energy at each stage has gained more importance with its deepening effects in comparison to the past. This study will empirically explore the volatility spillovers between energy price index and fruit-vegetables price index in the period of 2007-2020 in Turkey using the Kanas and Diebold-Yilmaz approaches. According to the results obtained from the Kanas approach in the study, it has been observed that there is a statistically significant volatility spillover from the energy price index to the vegetable price index, whereas there is no statistically significant volatility spillover to the fruit price index. This finding was supported by the results obtained from the Diebold-Yilmaz approach showing that there is a volatility spillover of 13.52% to the vegetable price index and 0.86% to the fruit price index from the energy price index.
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| first_indexed | 2024-12-11T23:45:12Z |
| format | Article |
| id | doaj.art-db07b0c0056948af960520c6782c2ca3 |
| institution | Directory Open Access Journal |
| issn | 2280-6180 2280-6172 |
| language | English |
| last_indexed | 2024-12-11T23:45:12Z |
| publishDate | 2022-07-01 |
| publisher | Firenze University Press |
| record_format | Article |
| series | Bio-based and Applied Economics |
| spelling | doaj.art-db07b0c0056948af960520c6782c2ca32022-12-22T00:45:38ZengFirenze University PressBio-based and Applied Economics2280-61802280-61722022-07-0111110.36253/bae-10896The Role of Energy on the Price Volatility of Fruits and Vegetables: Evidence from TurkeyHarun Uçak0Esin Yelgen1Yakup Arı2Alanya Alaaddin Keykubat UniversityAlanya Alaaddin Keykubat UniversityAlanya Alaaddin Keykubat UniversityIn agricultural economics, fluctuations in food prices and the factors affecting these fluctuations have always been an important research topic. From production to delivery to consumers, the supply chain of agricultural products has a dynamic structure with continuous changes. In this dynamic process, analyzing the intensive use of energy at each stage has gained more importance with its deepening effects in comparison to the past. This study will empirically explore the volatility spillovers between energy price index and fruit-vegetables price index in the period of 2007-2020 in Turkey using the Kanas and Diebold-Yilmaz approaches. According to the results obtained from the Kanas approach in the study, it has been observed that there is a statistically significant volatility spillover from the energy price index to the vegetable price index, whereas there is no statistically significant volatility spillover to the fruit price index. This finding was supported by the results obtained from the Diebold-Yilmaz approach showing that there is a volatility spillover of 13.52% to the vegetable price index and 0.86% to the fruit price index from the energy price index. https://oaj.fupress.net/index.php/bae/article/view/10896volatility spilloverenergyagricultural pricesEGARCHagricultural markets |
| spellingShingle | Harun Uçak Esin Yelgen Yakup Arı The Role of Energy on the Price Volatility of Fruits and Vegetables: Evidence from Turkey Bio-based and Applied Economics volatility spillover energy agricultural prices EGARCH agricultural markets |
| title | The Role of Energy on the Price Volatility of Fruits and Vegetables: Evidence from Turkey |
| title_full | The Role of Energy on the Price Volatility of Fruits and Vegetables: Evidence from Turkey |
| title_fullStr | The Role of Energy on the Price Volatility of Fruits and Vegetables: Evidence from Turkey |
| title_full_unstemmed | The Role of Energy on the Price Volatility of Fruits and Vegetables: Evidence from Turkey |
| title_short | The Role of Energy on the Price Volatility of Fruits and Vegetables: Evidence from Turkey |
| title_sort | role of energy on the price volatility of fruits and vegetables evidence from turkey |
| topic | volatility spillover energy agricultural prices EGARCH agricultural markets |
| url | https://oaj.fupress.net/index.php/bae/article/view/10896 |
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