RELATIONSHIP AMONG ENERGY, BIOENERGY, AND AGRICULTURAL COMMODITY PRICES: RE-CONSIDERING STRUCTURAL CHANGES
This study investigates the relationships among the prices of gasoline, ethanol, and agricultural products that include soybeans and corn. By increasing production of ethanol using corn, concerns about emerging new relationship between agricultural products price and energy price increased. The r...
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| Format: | Article |
| Language: | English |
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International Journal of Food and Agricultural Economics
2018-07-01
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| Series: | International Journal of Food and Agricultural Economics |
| Subjects: | |
| Online Access: | http://www.foodandagriculturejournal.com/Vol5.No3.pp1.pdf |
| _version_ | 1828025075500056576 |
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| author | Mehdi Nemati |
| author_facet | Mehdi Nemati |
| author_sort | Mehdi Nemati |
| collection | DOAJ |
| description | This study investigates the relationships among the prices of gasoline, ethanol, and
agricultural products that include soybeans and corn. By increasing production of ethanol
using corn, concerns about emerging new relationship between agricultural products price
and energy price increased. The result indicates that, without considering structural breaks,
there is no long-run relationship between energy and agricultural products prices. However,
after consideration of structural breaks not only, long-run relationship between energy and
agricultural products exist, but also this relationship intensified during last decade. Also,
energy price can be transmitted to agricultural products prices from the indirect and direct
channel. |
| first_indexed | 2024-04-10T12:55:34Z |
| format | Article |
| id | doaj.art-fc9e52dd10cf4eb3b4058f3949c98bc8 |
| institution | Directory Open Access Journal |
| issn | 2147-8988 |
| language | English |
| last_indexed | 2024-04-10T12:55:34Z |
| publishDate | 2018-07-01 |
| publisher | International Journal of Food and Agricultural Economics |
| record_format | Article |
| series | International Journal of Food and Agricultural Economics |
| spelling | doaj.art-fc9e52dd10cf4eb3b4058f3949c98bc82023-02-15T16:13:34ZengInternational Journal of Food and Agricultural EconomicsInternational Journal of Food and Agricultural Economics2147-89882018-07-015318RELATIONSHIP AMONG ENERGY, BIOENERGY, AND AGRICULTURAL COMMODITY PRICES: RE-CONSIDERING STRUCTURAL CHANGESMehdi Nemati0University of Kentucky, USAThis study investigates the relationships among the prices of gasoline, ethanol, and agricultural products that include soybeans and corn. By increasing production of ethanol using corn, concerns about emerging new relationship between agricultural products price and energy price increased. The result indicates that, without considering structural breaks, there is no long-run relationship between energy and agricultural products prices. However, after consideration of structural breaks not only, long-run relationship between energy and agricultural products exist, but also this relationship intensified during last decade. Also, energy price can be transmitted to agricultural products prices from the indirect and direct channel.http://www.foodandagriculturejournal.com/Vol5.No3.pp1.pdfAgricultural commoditiesEthanolStructural changesVECM models |
| spellingShingle | Mehdi Nemati RELATIONSHIP AMONG ENERGY, BIOENERGY, AND AGRICULTURAL COMMODITY PRICES: RE-CONSIDERING STRUCTURAL CHANGES International Journal of Food and Agricultural Economics Agricultural commodities Ethanol Structural changes VECM models |
| title | RELATIONSHIP AMONG ENERGY, BIOENERGY, AND AGRICULTURAL COMMODITY PRICES: RE-CONSIDERING STRUCTURAL CHANGES |
| title_full | RELATIONSHIP AMONG ENERGY, BIOENERGY, AND AGRICULTURAL COMMODITY PRICES: RE-CONSIDERING STRUCTURAL CHANGES |
| title_fullStr | RELATIONSHIP AMONG ENERGY, BIOENERGY, AND AGRICULTURAL COMMODITY PRICES: RE-CONSIDERING STRUCTURAL CHANGES |
| title_full_unstemmed | RELATIONSHIP AMONG ENERGY, BIOENERGY, AND AGRICULTURAL COMMODITY PRICES: RE-CONSIDERING STRUCTURAL CHANGES |
| title_short | RELATIONSHIP AMONG ENERGY, BIOENERGY, AND AGRICULTURAL COMMODITY PRICES: RE-CONSIDERING STRUCTURAL CHANGES |
| title_sort | relationship among energy bioenergy and agricultural commodity prices re considering structural changes |
| topic | Agricultural commodities Ethanol Structural changes VECM models |
| url | http://www.foodandagriculturejournal.com/Vol5.No3.pp1.pdf |
| work_keys_str_mv | AT mehdinemati relationshipamongenergybioenergyandagriculturalcommoditypricesreconsideringstructuralchanges |