Article ID Journal Published Year Pages File Type
10487319 Energy Policy 2011 4 Pages PDF
Abstract
►We investigate the co-movement of food prices and the macroeconomic index. ►The crude oil price has indirect effect on the world GDP via its impacts on food production index. ►The food production index is the source of causation for CPI and GDP is affected by CPI. ►The results confirm an indirect effect among oil price, food price principal component.
Keywords
Related Topics
Physical Sciences and Engineering Energy Energy Engineering and Power Technology
Preview
Assessing the effect of oil price on world food prices: Application of principal component analysis
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