Price and volatility transmissions between oil and selected agricultural commodities
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F22%3A91328" target="_blank" >RIV/60460709:41110/22:91328 - isvavai.cz</a>
Výsledek na webu
<a href="https://ap.pef.czu.cz/en/r-12193-conference-proceedings" target="_blank" >https://ap.pef.czu.cz/en/r-12193-conference-proceedings</a>
DOI - Digital Object Identifier
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Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Price and volatility transmissions between oil and selected agricultural commodities
Popis výsledku v původním jazyce
Prices for food products and energy resources are interrelated currently. Unfortunately global oil market players such as the Russian Federation, Saudi Arabia and Canada can manipulate prices for oil and consequently global prices for food products. The aim of this paper is to analyze impact of crude oil price on the main agricultural products. The authors made high level review meaningly in order to obtain global view of the problem. In this paper, monthly data for oil, wheat, soybeans and rice for almost 40 years was analyzed to find interrelationship between them. Data was taken from World bank in constant prices in UDS. It allows avoiding impact of inflation. Johansen cointegration test was chosen for VECM model with long-run cointegration. The model initiated impulse response analysis and short run prognosis. The results revealed that dependence of wheat and soybeans from oil price did really exist. However, the opposite dependence of oil from rice price exists too.
Název v anglickém jazyce
Price and volatility transmissions between oil and selected agricultural commodities
Popis výsledku anglicky
Prices for food products and energy resources are interrelated currently. Unfortunately global oil market players such as the Russian Federation, Saudi Arabia and Canada can manipulate prices for oil and consequently global prices for food products. The aim of this paper is to analyze impact of crude oil price on the main agricultural products. The authors made high level review meaningly in order to obtain global view of the problem. In this paper, monthly data for oil, wheat, soybeans and rice for almost 40 years was analyzed to find interrelationship between them. Data was taken from World bank in constant prices in UDS. It allows avoiding impact of inflation. Johansen cointegration test was chosen for VECM model with long-run cointegration. The model initiated impulse response analysis and short run prognosis. The results revealed that dependence of wheat and soybeans from oil price did really exist. However, the opposite dependence of oil from rice price exists too.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
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OECD FORD obor
50202 - Applied Economics, Econometrics
Návaznosti výsledku
Projekt
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Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2022
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
PROCEEDINGS of the 31th International Scientific Conference
ISBN
978-80-213-3211-9
ISSN
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e-ISSN
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Počet stran výsledku
12
Strana od-do
101-112
Název nakladatele
Neuveden
Místo vydání
Czech University of Life Sciences Prague
Místo konání akce
Czech University of Life Sciences Prague
Datum konání akce
15. 9. 2022
Typ akce podle státní příslušnosti
WRD - Celosvětová akce
Kód UT WoS článku
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