Russia-Ukraine War and Food Prices in Low-and Middle-income Countries

Solomon Gbaka and Victor Ijirshar (ijirsharvictor@gmail.com)

Energy RESEARCH LETTERS, 2024, vol. 5, issue 2, 1-6

Abstract: This study examines the impact of the Russia-Ukraine war on food prices in 12 low-and middle-income countries (L&MICs) using Mean Group and Pooled Mean Group techniques on monthly data from January 2021 to April 2023. The study confirms the long run positive and significant impact and the short run negative and insignificant influence of the war. It thus recommends economic diversification by L&MICs to substitute the imported food products from the war zone.

Keywords: Russia-Ukraine war; Food prices; Low and middle-income countries (search for similar items in EconPapers)
JEL-codes: F1 F14 O50 (search for similar items in EconPapers)
Date: 2024
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