MACROECONOMIC VARIABLES AND RISING FOOD PRICES: EMPIRICAL EVIDENCE FROM PAKISTAN

Hamid Salman (), Faisal Aftab () and Rab Nawaz Lodhi
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Hamid Salman: Institute of Professional Development Islamabad Pakistan
Faisal Aftab: Department of Research Bahria University, Islamabad Pakistan
Rab Nawaz Lodhi: Institute of Business and Management University of Engineering & technology, Lahore Pakistan

IBT Journal of Business Studies (JBS), 2014, vol. 10, issue 1, 66-81

Abstract: Purpose This study examines the long and shortrun impact of macroeconomic variable on rising food commodities prices.Methodology/Sampling For this paper mixed method approach is used, quantitative time series data over the period 19912013 and autoregressive distributed lag ARDL approach to Cointegration, whereas qualitative data is collected from thematic analysis of many past researches in order to determine the most and least critical consequences of food prices skies by using NVIVO 10 software technique tree map.Findings The result shows energy prices and dollar prices have positive beta coefficients and having statistically significant impact on rising food commodities price index Moreover, the error correction model’s coefficient is with negative sign that suggests its expected significant adjustment toward longterm.Whereas the qualitative results identified different variables have different magnitude of relationship with rising food prices in different situation Exchange rate, energy prices, money supply are the most critical consequences of rising food items prices.Practical Implications The study therefore recommends that government should develop and integrated efficient and effective energy and monetary policy with longterm future development outline of controlling food inflation.

Keywords: Food Prices; Critical consequences; Developing country; ARDL; NVivo. (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:aib:ibtjbs:v:10:y:2014:i:1:p:66-81

DOI: 10.46745/ilma.ibtjbs.2014.101.5

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