메뉴 건너뛰기




Volumn 29, Issue 80, 2014, Pages 691-747

Do oil price increases cause higher food prices?

Author keywords

[No Author keywords available]

Indexed keywords


EID: 84911494184     PISSN: 02664658     EISSN: 14680327     Source Type: Journal    
DOI: 10.1111/1468-0327.12039     Document Type: Article
Times cited : (171)

References (53)
  • 1
    • 84964072483 scopus 로고    scopus 로고
    • Biofuels, binding constraints, and agricultural commodity price volatility
    • J.-P. Chavas, D. Hummels and B. D. Wright (eds.), National Bureau of Economic Research Conference Report, University of Chicago Press, Chicago.
    • Abbott, P. (2013). 'Biofuels, binding constraints, and agricultural commodity price volatility', in J.-P. Chavas, D. Hummels and B. D. Wright (eds.), The Economics of Food Price Volatility, National Bureau of Economic Research Conference Report, University of Chicago Press, Chicago.
    • (2013) The Economics of Food Price Volatility
    • Abbott, P.1
  • 2
    • 84904472658 scopus 로고    scopus 로고
    • Food price spikes, price insulation, and poverty
    • J.-P. Chavas, D. Hummels and B.D. Wright (eds.), National Bureau of Economic Research Conference Report, University of Chicago Press, Chicago.
    • Anderson, K., M. Ivanic and W. Martin (2013). 'Food price spikes, price insulation, and poverty', in J.-P. Chavas, D. Hummels and B.D. Wright (eds.), The Economics of Food Price Volatility, National Bureau of Economic Research Conference Report, University of Chicago Press, Chicago.
    • (2013) The Economics of Food Price Volatility
    • Anderson, K.1    Ivanic, M.2    Martin, W.3
  • 3
    • 84899955893 scopus 로고    scopus 로고
    • A ban on one is a boon for the other: strict gasoline content rules and implicit ethanol blending mandates
    • Anderson, S. T. and A. Elzinga (2014). 'A ban on one is a boon for the other: strict gasoline content rules and implicit ethanol blending mandates', Journal of Environmental Economics and Management, 67, 258-73.
    • (2014) Journal of Environmental Economics and Management , vol.67 , pp. 258-273
    • Anderson, S.T.1    Elzinga, A.2
  • 4
    • 84894236710 scopus 로고    scopus 로고
    • Do oil prices drive food prices? The tale of a structural break
    • Avalos, F. (2014). 'Do oil prices drive food prices? The tale of a structural break', Journal of International Money and Finance, 42, 253-71.
    • (2014) Journal of International Money and Finance , vol.42 , pp. 253-271
    • Avalos, F.1
  • 5
    • 84890512491 scopus 로고    scopus 로고
    • Ethanol without subsidies: an oxymoron or the new reality?
    • Babcock, B. A. (2013). 'Ethanol without subsidies: an oxymoron or the new reality?' American Journal of Agricultural Economics, 95, 1317-34.
    • (2013) American Journal of Agricultural Economics , vol.95 , pp. 1317-1334
    • Babcock, B.A.1
  • 7
    • 84911496521 scopus 로고    scopus 로고
    • 'The financialization of food? mimeo, Bank of Canada.
    • Bruno, V. G., B. Büyüksahin and M. A. Robe (2013). 'The financialization of food? mimeo, Bank of Canada.
    • (2013)
    • Bruno, V.G.1    Büyüksahin, B.2    Robe, M.A.3
  • 8
    • 84911466284 scopus 로고    scopus 로고
    • 'Commodity storage and the market effects of biofuel policies', mimeo, University of California Davis.
    • Carter, C., G. Rausser and A. Smith (2013). 'Commodity storage and the market effects of biofuel policies', mimeo, University of California Davis.
    • (2013)
    • Carter, C.1    Rausser, G.2    Smith, A.3
  • 9
    • 84924358173 scopus 로고    scopus 로고
    • Introduction
    • J.-P. Chavas, D. Hummels and B.D. Wright (eds.), National Bureau of Economic Research Conference Report, University of Chicago Press, Chicago.
    • Chavas, J.-P., D. Hummels and B.D. Wright (2013). 'Introduction', in J.-P. Chavas, D. Hummels and B.D. Wright (eds.), The Economics of Food Price Volatility, National Bureau of Economic Research Conference Report, University of Chicago Press, Chicago.
    • (2013) The Economics of Food Price Volatility
    • Chavas, J.-P.1    Hummels, D.2    Wright, B.D.3
  • 10
    • 84911466283 scopus 로고    scopus 로고
    • Food prices mirror oil prices: the Crude Oil-FAO Food Price Index Price correlation
    • 14 May.
    • Dancy, J. (2012). 'Food prices mirror oil prices: the Crude Oil-FAO Food Price Index Price correlation', Financial Sense, 14 May.
    • (2012) Financial Sense
    • Dancy, J.1
  • 11
    • 70349226731 scopus 로고    scopus 로고
    • How sensitive are consumer expenditures to retail energy prices?
    • Edelstein, P. and L. Kilian (2009). 'How sensitive are consumer expenditures to retail energy prices?' Journal of Monetary Economics, 56, 766-79.
    • (2009) Journal of Monetary Economics , vol.56 , pp. 766-779
    • Edelstein, P.1    Kilian, L.2
  • 12
    • 0000084990 scopus 로고    scopus 로고
    • On the robustness of cointegration methods when regressors almost have unit roots
    • Elliott, G. (1998). 'On the robustness of cointegration methods when regressors almost have unit roots', Econometrica, 66, 149-58.
    • (1998) Econometrica , vol.66 , pp. 149-158
    • Elliott, G.1
  • 13
    • 84886083902 scopus 로고    scopus 로고
    • The role of speculation in oil markets: what have we learned so far?
    • Fattouh, B., L. Kilian and L. Mahadeva (2013). 'The role of speculation in oil markets: what have we learned so far?' Energy Journal, 34, 7-33.
    • (2013) Energy Journal , vol.34 , pp. 7-33
    • Fattouh, B.1    Kilian, L.2    Mahadeva, L.3
  • 14
    • 84911475924 scopus 로고    scopus 로고
    • 'Food prices and the multiplier effect of export policy', mimeo, World Trade Organization.
    • Giordani, P. E., N. Rocha and M. Ruta (2012). 'Food prices and the multiplier effect of export policy', mimeo, World Trade Organization.
    • (2012)
    • Giordani, P.E.1    Rocha, N.2    Ruta, M.3
  • 15
    • 4344611743 scopus 로고    scopus 로고
    • Bootstrapping autoregressions in the presence of conditional heteroskedasticity of unknown form
    • Goncalves, S. and L. Kilian (2004). 'Bootstrapping autoregressions in the presence of conditional heteroskedasticity of unknown form', Journal of Econometrics, 123, 89-120.
    • (2004) Journal of Econometrics , vol.123 , pp. 89-120
    • Goncalves, S.1    Kilian, L.2
  • 16
  • 18
    • 84865403477 scopus 로고    scopus 로고
    • Farm acreage shocks and crop prices: an SVAR approach to understanding the impacts of biofuels
    • Hausman, C., M. Auffhammer and P. Berck (2012). 'Farm acreage shocks and crop prices: an SVAR approach to understanding the impacts of biofuels', Environmental and Resource Economics, 53, 117-36.
    • (2012) Environmental and Resource Economics , vol.53 , pp. 117-136
    • Hausman, C.1    Auffhammer, M.2    Berck, P.3
  • 19
    • 79960550190 scopus 로고    scopus 로고
    • Poverty effects of higher food prices: a global perspective
    • Hoyos, R. E. de and D. Medvedev (2011). 'Poverty effects of higher food prices: a global perspective', Review of Development Economics, 15, 387-402.
    • (2011) Review of Development Economics , vol.15 , pp. 387-402
    • Hoyos de, R.E.1    Medvedev, D.2
  • 20
    • 84911466282 scopus 로고    scopus 로고
    • Food price rises pushing millions into extreme poverty, World Bank warns
    • 14 April.
    • Inman, P. (2011). 'Food price rises pushing millions into extreme poverty, World Bank warns', The Guardian, 14 April.
    • (2011) The Guardian
    • Inman, P.1
  • 21
    • 0036216391 scopus 로고    scopus 로고
    • Bootstrapping autoregressive processes with possible unit roots
    • Inoue, A. and L. Kilian (2002). 'Bootstrapping autoregressive processes with possible unit roots', Econometrica, 70, 377-391.
    • (2002) Econometrica , vol.70 , pp. 377-391
    • Inoue, A.1    Kilian, L.2
  • 22
    • 80053524611 scopus 로고    scopus 로고
    • Price Volatility in Food and Agricultural Markets: Policy Responses.
    • Policy report including contributions by FAO, IFAD, IMF, OECD, UNCTAD, WFP, World Bank, WTO, IFPRI, and UMHTF.
    • Interagency Report to the G20 (2011). Price Volatility in Food and Agricultural Markets: Policy Responses. Policy report including contributions by FAO, IFAD, IMF, OECD, UNCTAD, WFP, World Bank, WTO, IFPRI, and UMHTF.
    • (2011)
  • 23
    • 57549108833 scopus 로고    scopus 로고
    • Implications of higher global food prices for poverty in low-income countries
    • Ivanic, M. and W. Martin (2008). 'Implications of higher global food prices for poverty in low-income countries', Agricultural Economics, 39, 405-416.
    • (2008) Agricultural Economics , vol.39 , pp. 405-416
    • Ivanic, M.1    Martin, W.2
  • 24
    • 84894263341 scopus 로고    scopus 로고
    • Implications of domestic price insulation for global food price behavior
    • Ivanic, M. and W. Martin (2014). 'Implications of domestic price insulation for global food price behavior', Journal of International Money and Finance, 42, 272-288.
    • (2014) Journal of International Money and Finance , vol.42 , pp. 272-288
    • Ivanic, M.1    Martin, W.2
  • 25
    • 84867141415 scopus 로고    scopus 로고
    • Estimating the short-run poverty impacts of the 2010-11 surge in food prices
    • Ivanic, M., W. Martin and H. Zaman (2012). 'Estimating the short-run poverty impacts of the 2010-11 surge in food prices', World Development, 40, 2302-17.
    • (2012) World Development , vol.40 , pp. 2302-2317
    • Ivanic, M.1    Martin, W.2    Zaman, H.3
  • 26
    • 84911486324 scopus 로고    scopus 로고
    • 'Deconstructing wheat price spikes: a model of supply and demand, financial speculation, and commodity price comovement', USDA Economic Research Report 165.
    • Janzen, J. P., C. A. Carter, A. D. Smith and M. K. Adjemian (2014). 'Deconstructing wheat price spikes: a model of supply and demand, financial speculation, and commodity price comovement', USDA Economic Research Report 165.
    • (2014)
    • Janzen, J.P.1    Carter, C.A.2    Smith, A.D.3    Adjemian, M.K.4
  • 27
    • 40549111870 scopus 로고    scopus 로고
    • Exogenous oil supply shocks: how big are they and how much do they matter for the US economy?
    • Kilian, L. (2008a). 'Exogenous oil supply shocks: how big are they and how much do they matter for the US economy?' Review of Economics and Statistics, 90, 216-240.
    • (2008) Review of Economics and Statistics , vol.90 , pp. 216-240
    • Kilian, L.1
  • 28
    • 58149328520 scopus 로고    scopus 로고
    • The economic effects of energy price shocks
    • Kilian, L. (2008b). 'The economic effects of energy price shocks', Journal of Economic Literature, 46, 871-909.
    • (2008) Journal of Economic Literature , vol.46 , pp. 871-909
    • Kilian, L.1
  • 29
    • 64149131955 scopus 로고    scopus 로고
    • Not all oil price shocks are alike: disentangling demand and supply shocks in the crude oil market
    • Kilian, L. (2009). 'Not all oil price shocks are alike: disentangling demand and supply shocks in the crude oil market', American Economic Review, 99, 1053-1069.
    • (2009) American Economic Review , vol.99 , pp. 1053-1069
    • Kilian, L.1
  • 30
    • 79551588357 scopus 로고    scopus 로고
    • Explaining fluctuations in US gasoline prices: a joint model of the global crude oil market and the US retail gasoline market
    • Kilian, L. (2010). 'Explaining fluctuations in US gasoline prices: a joint model of the global crude oil market and the US retail gasoline market', Energy Journal, 31, 8-104.
    • (2010) Energy Journal , vol.31 , pp. 8-104
    • Kilian, L.1
  • 31
    • 84877892152 scopus 로고    scopus 로고
    • Did unexpectedly strong economic growth cause the oil price shock of 2003-2008?
    • Kilian, L. and B. Hicks (2013). 'Did unexpectedly strong economic growth cause the oil price shock of 2003-2008?' Journal of Forecasting, 32, 385-394.
    • (2013) Journal of Forecasting , vol.32 , pp. 385-394
    • Kilian, L.1    Hicks, B.2
  • 32
    • 84875960842 scopus 로고    scopus 로고
    • The role of inventories and speculative trading in the global market for crude oil
    • Kilian, L. and D. P. Murphy (2014). 'The role of inventories and speculative trading in the global market for crude oil', Journal of Applied Econometrics, 29, 454-478.
    • (2014) Journal of Applied Econometrics , vol.29 , pp. 454-478
    • Kilian, L.1    Murphy, D.P.2
  • 33
    • 84894282118 scopus 로고    scopus 로고
    • Quantifying the speculative component in the real price of oil: the role of global oil inventories
    • Kilian, L. and T. K. Lee (2014). 'Quantifying the speculative component in the real price of oil: the role of global oil inventories', Journal of International Money and Finance, 42, 71-87.
    • (2014) Journal of International Money and Finance , vol.42 , pp. 71-87
    • Kilian, L.1    Lee, T.K.2
  • 34
    • 79957515397 scopus 로고    scopus 로고
    • Do energy prices respond to US macroeconomic news? A test of the hypothesis of predetermined energy prices
    • Kilian, L. and C. Vega (2011). 'Do energy prices respond to US macroeconomic news? A test of the hypothesis of predetermined energy prices', Review of Economics and Statistics, 93(2), 660-71.
    • (2011) Review of Economics and Statistics , vol.93 , Issue.2 , pp. 660-671
    • Kilian, L.1    Vega, C.2
  • 35
    • 84855976079 scopus 로고    scopus 로고
    • Are the responses of the US economy asymmetric in energy price increases and decreases?
    • Kilian, L. and R. J. Vigfusson (2011). 'Are the responses of the US economy asymmetric in energy price increases and decreases?' Quantitative Economics, 2, 419-453.
    • (2011) Quantitative Economics , vol.2 , pp. 419-453
    • Kilian, L.1    Vigfusson, R.J.2
  • 36
    • 74549118451 scopus 로고    scopus 로고
    • How much and how quick? Pass through of commodity and input cost changes to retail food prices
    • Leibtag, E. (2009). 'How much and how quick? Pass through of commodity and input cost changes to retail food prices', American Journal of Agricultural Economics, 91, 1462-1467.
    • (2009) American Journal of Agricultural Economics , vol.91 , pp. 1462-1467
    • Leibtag, E.1
  • 37
    • 84867733437 scopus 로고    scopus 로고
    • How market efficiency and the theory of storage link corn and ethanol markets
    • Mallory, M., S. Irwin and D. Hayes (2012). 'How market efficiency and the theory of storage link corn and ethanol markets', Energy Economics, 34, 2157-2166.
    • (2012) Energy Economics , vol.34 , pp. 2157-2166
    • Mallory, M.1    Irwin, S.2    Hayes, D.3
  • 38
    • 80053176721 scopus 로고    scopus 로고
    • Export restrictions and price insulation during commodity price booms
    • Martin, W. and K. Anderson (2012). 'Export restrictions and price insulation during commodity price booms', American Journal of Agricultural Economics, 94, 422-427.
    • (2012) American Journal of Agricultural Economics , vol.94 , pp. 422-427
    • Martin, W.1    Anderson, K.2
  • 39
    • 80755138376 scopus 로고    scopus 로고
    • Assessing the impact of US ethanol on fossil fuel markets: a structural VAR approach
    • McPhail, L. L. (2011). 'Assessing the impact of US ethanol on fossil fuel markets: a structural VAR approach', Energy Economics, 117, 7-1185.
    • (2011) Energy Economics , vol.117 , pp. 7-1185
    • McPhail, L.L.1
  • 41
    • 84885978900 scopus 로고    scopus 로고
    • Identifying supply and demand elasticities of agricultural commodities: implications for the US ethanol mandate
    • Roberts, M. J. and W. Schlenker (2013). 'Identifying supply and demand elasticities of agricultural commodities: implications for the US ethanol mandate', American Economic Review, 103, 2265-95.
    • (2013) American Economic Review , vol.103 , pp. 2265-2295
    • Roberts, M.J.1    Schlenker, W.2
  • 42
    • 84911466281 scopus 로고    scopus 로고
    • 'How retail beef and bread prices respond to changes in ingredient and input costs', USDA Economic Research Report No. 112.
    • Roeger, E. and E. Leibtag (2011). 'How retail beef and bread prices respond to changes in ingredient and input costs', USDA Economic Research Report No. 112.
    • (2011)
    • Roeger, E.1    Leibtag, E.2
  • 43
    • 84911475923 scopus 로고    scopus 로고
    • Biofuels and grain prices: impacts and policy responses', Testimony for the US Senate Committee on Homeland Security and Governmental Affairs, 7 May.
    • Rosegrant, M. W. (2008). 'Biofuels and grain prices: impacts and policy responses', Testimony for the US Senate Committee on Homeland Security and Governmental Affairs, 7 May.
    • (2008)
    • Rosegrant, M.W.1
  • 44
    • 84911486323 scopus 로고    scopus 로고
    • 'Impacts of higher energy prices on agriculture and rural economies', Economic Research Report No. 123, US Department of Agriculture.
    • Sands, R. and P. Westcott (2011). 'Impacts of higher energy prices on agriculture and rural economies', Economic Research Report No. 123, US Department of Agriculture.
    • (2011)
    • Sands, R.1    Westcott, P.2
  • 45
    • 84875660446 scopus 로고    scopus 로고
    • Biofuel-related price transmission literature: a review
    • Serra, T. and D. Zilberman (2013). 'Biofuel-related price transmission literature: a review', Energy Economics, 37, 141-151.
    • (2013) Energy Economics , vol.37 , pp. 141-151
    • Serra, T.1    Zilberman, D.2
  • 46
    • 0000745315 scopus 로고
    • Inference in linear time series models with some unit roots
    • Sims, C. A., J. H. Stock and M. W. Watson (1990). 'Inference in linear time series models with some unit roots', Econometrica, 58, 113-144.
    • (1990) Econometrica , vol.58 , pp. 113-144
    • Sims, C.A.1    Stock, J.H.2    Watson, M.W.3
  • 47
    • 78149431423 scopus 로고    scopus 로고
    • The integration of energy and agricultural markets
    • Tyner, W. E. (2010). 'The integration of energy and agricultural markets', Agricultural Economics, 41, 193-201.
    • (2010) Agricultural Economics , vol.41 , pp. 193-201
    • Tyner, W.E.1
  • 48
    • 84871559629 scopus 로고    scopus 로고
    • On oil price shocks: the role of storage
    • Unalmis, D., I. Unalmis and D. F. Unsal (2012). 'On oil price shocks: the role of storage', IMF Economic Review, 60(4), 505-532.
    • (2012) IMF Economic Review , vol.60 , Issue.4 , pp. 505-532
    • Unalmis, D.1    Unalmis, I.2    Unsal, D.F.3
  • 49
    • 84911475922 scopus 로고    scopus 로고
    • World Agricultural Supply and Demand Estimates Report, available at:
    • USDA (2014). World Agricultural Supply and Demand Estimates Report, available at: http://www.usda.gov/oce/commodity/wasde/, May.
    • (2014)
  • 50
    • 84883614175 scopus 로고    scopus 로고
    • From oil to consumer energy prices: how much asymmetry along the way?
    • Venditti, F. (2013). 'From oil to consumer energy prices: how much asymmetry along the way?', Energy Economics, 40, 468-73.
    • (2013) Energy Economics , vol.40 , pp. 468-473
    • Venditti, F.1
  • 51
    • 84911496519 scopus 로고    scopus 로고
    • Oil prices affect the cost of food in many ways
    • 3 March.
    • Westhoff, P. (2012). 'Oil prices affect the cost of food in many ways', Columbia Daily Tribune, 3 March.
    • (2012) Columbia Daily Tribune
    • Westhoff, P.1
  • 52
    • 84981209643 scopus 로고    scopus 로고
    • Fears over food price inflation
    • 23 May.
    • Wiggins, J. (2007). 'Fears over food price inflation', Financial Times, 23 May.
    • (2007) Financial Times
    • Wiggins, J.1
  • 53
    • 84894568777 scopus 로고    scopus 로고
    • Global biofuels: key to the puzzle of grain market behavior
    • Wright, B. (2014). 'Global biofuels: key to the puzzle of grain market behavior', Journal of Economic Perspectives, 28, 73-98.
    • (2014) Journal of Economic Perspectives , vol.28 , pp. 73-98
    • Wright, B.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.