Economics at your fingertips  

Time-frequency causality and connectedness between oil price shocks and the world food prices

Syed Raza, Khaled Guesmi, Belaid Fateh and Nida Shah

Research in International Business and Finance, 2022, vol. 62, issue C

Abstract: The goal of this study is to examine the food and oil price nexus from January 1993 to September 2020. To have a broader aspect, we decompose oil prices into demand and supply shocks and food price index into sub-indices such as Meat, Dairy, Cereal, and sugar price indices. The findings show that the association between the food prices and indices with oil prices is bidirectional. Also, results show that the oil prices, demand, and supply shocks are the main contributors to volatility transmission compared to food prices and their sub-indices. The outcome of this study will help the agricultural sector's policymakers develop reliable and sound policy designs that will help control the influence of oil prices on food prices.

Keywords: Oil prices; Oil price demand; Oil price shock; Food prices and indices; Wavelet technique; Volatility spillovers (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
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:

DOI: 10.1016/j.ribaf.2022.101730

Access Statistics for this article

Research in International Business and Finance is currently edited by T. Lagoarde Segot

More articles in Research in International Business and Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Page updated 2023-06-04
Handle: RePEc:eee:riibaf:v:62:y:2022:i:c:s0275531922001180