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Causes of the 2000s Food Price Surge: New Evidence fromStructural VAR
In 2001 began a rise in the prices of food commodities not seen since the 1970s. Some observers attribute the increase in part to food commodity spec- ulation. This hypothesis is examined by disentangling the impact of specu- lation on grain prices from that of fundamental supply and demand force...
שמור ב:
| הוצא לאור ב: | MAGKS - Joint Discussion Paper Series in Economics (Band 31-2016) |
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| מחבר ראשי: | |
| פורמט: | Artikel |
| שפה: | אנגלית |
| יצא לאור: |
Philipps-Universität Marburg
2016
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| נושאים: | |
| גישה מקוונת: | PDF-Volltext |
| תגים: |
הוספת תג
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| סיכום: | In 2001 began a rise in the prices of food commodities not seen since the
1970s. Some observers attribute the increase in part to food commodity spec-
ulation. This hypothesis is examined by disentangling the impact of specu-
lation on grain prices from that of fundamental supply and demand forces.
Even though results point to a generally stabilising in uence of speculation on prices, speculation is shown to have pushed prices further up during crisis years. The analysis is based on a structural vector autoregressive model identified by sign and zero restrictions. The model is estimated for global corn,
wheat and rice markets. |
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| תיאור פיזי: | 26 Seiten |
| ISSN: | 1867-3678 |
| DOI: | 10.17192/es2024.0484 |