In this paper we use the frequency domain Granger causality test of Breitung/Candelon (2006) to analyse short- and long-run causality between energy prices and prices of food commodities. We find that the oil price Granger causes all the considered food prices. However, when controlling for...

The increasing use of food commodities for biofuel production has substantial impact on prices and quantities of these and other food commodities. It is therefore likely that this trend also intensifies the competition for arable land. However, evidence for this hypothesis is generated by...

In this paper we use the frequency domain Granger causality test of Breitung/Candelon (2006) to analyse short and long-run causality between energy prices and prices of food commodities. We find that the oil price Granger causes all the considered food prices. However, when controlling for...

Despite similar levels of per capita income, education and technology, the development of labour income shares in OECD countries has displayed different patterns since 1960. The paper examines the role of demography in this regard. We first use a standard overlapping generations model to derive...

In this paper we use the frequency domain Granger causality test of Breitung/Candelon (2006) to analyse short and long-run causality between energy prices and prices of food commodities. We find that the oil price Granger causes all the considered food prices. However, when controlling for...

The increasing use of food commodities for biofuel production has substantial impact on prices and quantities of these and other food commodities. It is therefore likely that this trend also intensifies the competition for arable land. However, evidence for this hypothesis is generated by...

Das weltwirtschaftliche Expansionstempo hat sich zu Beginn des Jahres weiter verlangsamt. Insbesondere im Verarbeitenden Gewerbe, das bereits im vergangenen Jahr an Schwung verloren hatte, setzte sich die Abschwächung fort. Dabei wurde die gesamtwirtschaftliche Produktion vor allem in den...

Der weltwirtschaftliche Aufschwung hat sich im vergangenen Jahr deutlich verstärkt. In den fortgeschrittenen Volkswirtschaften wurden der private Konsum und die Exporte kräftig ausgeweitet. Die Belebung des Welthandels ging mit einer Zunahme der Nachfrage nach Rohstoffen einher. Die...

This paper analyzes the relationship between political instability and economic growth in advanced economies. Using a panel of 34 advanced economies from 1996 to 2020, we first employ a panel VAR estimated via System GMM, which allows us to explore the endogenous relationship between economic...