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The technical conversion factor (TCF) is a survey-based estimate of the percentage of carcass weight obtained per unit of live weight. Practitioners and researchers have used it to predict the corresponding price ratio. We use both in-sample regressions and out-of-sample forecasting analysis to...
Persistent link: https://www.econbiz.de/10012900259
This paper analyzes the distribution (marketing) channel behavior and pricing method of commodities that mostly contribute to inflation in Batam, those are chicken meat, spinach, red chili pepper, string bean, large frog (kangkung), mackerel (selar), and tuna fish (tongkol). The objectives of...
Persistent link: https://www.econbiz.de/10012938385
The purpose of this paper is to present a measure of relative price variability (RPV) among 53 agricultural products and to explore the relationships between RPV, aggregate inflation rate, and changes in economic activity for the period 1962-1997. We also estimate the effects of expected and...
Persistent link: https://www.econbiz.de/10012770806
COVID-19 induced lock down has disrupted the food markets and commodity prices in India. This paper uses evidence from the official statistics on daily wholesale and retail prices (n=284) for major commodities by adopting interrupted timeseries analysis (ITSA). The results revealed that prices...
Persistent link: https://www.econbiz.de/10012824785
Using a vector autoregression that allows for time-varying parameters and stochastic volatility, we show that U.S. core inflation became 75 percent less responsive to shocks in food prices since the late 1970s. The decline in the pass-through of food price shocks to inflation is a result of a...
Persistent link: https://www.econbiz.de/10012867843
Using the correlations of VAR forecast errors at different horizons, this paper analyses the dynamics of co-movements between crude oil and food prices. For each food price considered, the VAR model is estimated on two subsample periods: a pre-commodity boom (1990M1-2006M12) and a post-boom...
Persistent link: https://www.econbiz.de/10013004354
Climate anomalies affect agricultural production in different parts of the world and can impact price behavior of internationally traded commodities. This research examines the effect of a particular climate phenomenon, El Nino Southern Oscillation (ENSO), on wheat prices from the major...
Persistent link: https://www.econbiz.de/10013006084
Using time-varying BVARs, we find that oil price increases caused by oil supply shocks did not affect food commodity prices before the start of the millennium, but had positive spillover effects in more recent periods. Likewise, shortfalls in global food commodity supply--resulting from bad...
Persistent link: https://www.econbiz.de/10012861447
India is experiencing high rate of economic growth in the last two decades but the growth has been coupled with high rate of food price inflation. The growth has been very uneven across sectors with agriculture remaining very sluggish. The increase in per capita income has significantly...
Persistent link: https://www.econbiz.de/10013021674
The dramatic global food price upsurges of 2007/2008 and the resurgence of 2010/2011 have kept the welfare effects of food price shocks at the epicentre of policy discussions worldwide. Studies have found heterogeneous impacts, but empirically little is known in Nigeria. The key objectives of...
Persistent link: https://www.econbiz.de/10012922644