Görüntüleme
70
İndirme
30
This study aims at analyzing the effects of global oil price shocks on food price volatility in Turkey. GARCH models are used to analyze monthly data of the said variables covering a period of 1995-2000. The results show that the global oil prices significantly effect the volatility of the food prices in Turkey. Moreover, the oil price shocks have delayed effect on the food price volatility. This may be a result of agricultural products’ low elasticity of supply and taxes on oil prices. Furthermore, the delayed effect of the oil price shocks provide opportunity for policy makers and market participants to take necessary measures to reduce its impact.
This study aims to analyze the effects of global oil price shocks on food price volatility in Turkey. GARCH models are used to analyze monthly data of the said variables covering a period of 1995-2000. The results show that the global oil prices significantly affect the volatility of the food prices in Turkey. Moreover, the oil price shocks have delayed effect on the food price volatility. This may be a result of agricultural products' low elasticity of supply and taxes on oil prices. Furthermore, the delayed effect of the oil price shocks provide the opportunity for policy makers and market participants to take the necessary measures to reduce its impact.
Makale Detay 
Benzer Makaleler
Dergi Bilgisi
Eseri Dinleyin
Alıntı Yap
Bu Sayfayı Yazdırın
Paylaş
Mendeley