EconPapers    
Economics at your fingertips  
 

Food, energy and environment: Is bioenergy the missing link?

Pavel Ciaian and d'Artis Kancs

Food Policy, 2011, vol. 36, issue 5, 571-580

Abstract: We study price linkages between the food, energy and bioenergy markets. A vertically integrated multi-input, multi-output market model allows us to derive testable hypothesis, which we test by applying time-series analytical mechanisms to nine major traded food commodity prices along with one weighted average world crude oil price. The data consists of 939 weekly observations from January 1993 to December 2010. The empirical findings confirm the theoretical hypothesis that the prices for crude oil and food commodities are interdependent: a USD 1/barrel increase in oil prices and food commodity prices increase by between USD 0.09/tonne and USD 1.65/tonne.

Keywords: Food; Bioenergy; Crude; oil; Prices; Renewable; fuels; Cointegration (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (31) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0306919211000856
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Food, Energy and Environment: is Bioenergy the missing link? (2011) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jfpoli:v:36:y:2011:i:5:p:571-580

Access Statistics for this article

Food Policy is currently edited by J. Kydd

More articles in Food Policy from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-07-16
Handle: RePEc:eee:jfpoli:v:36:y:2011:i:5:p:571-580