Relationship between oil and food Prices in developing oil-exporting countries (2001-2013)
xii,99p
Tallennettuna:
| Päätekijä: | |
|---|---|
| Aineistotyyppi: | Opinnäyte |
| Kieli: | englanti |
| Julkaistu: |
Economics,Obafemi Awolowo University
2023
|
| Aiheet: | |
| Linkit: | https://ir.oauife.edu.ng/123456789/5307 |
| Tagit: |
Lisää tagi
Ei tageja, Lisää ensimmäinen tagi!
|
| _version_ | 1810764576087605249 |
|---|---|
| author | Hassan, Adewale Samuel |
| author_facet | Hassan, Adewale Samuel |
| author_sort | Hassan, Adewale Samuel |
| collection | DSpace |
| description | xii,99p |
| format | Thesis |
| id | oai:ir.oauife.edu.ng:123456789-5307 |
| institution | My University |
| language | English |
| publishDate | 2023 |
| publisher | Economics,Obafemi Awolowo University |
| record_format | dspace |
| spelling | oai:ir.oauife.edu.ng:123456789-53072023-05-13T18:12:28Z Relationship between oil and food Prices in developing oil-exporting countries (2001-2013) Hassan, Adewale Samuel Oil-exploring Oil price Food prices Oil xii,99p The study analysed the trend of oil and food prices in developing oil-exporting countries. It also examined the short-run and long-run effects of oil price on food prices in these countries; and investigated the direction of causality between oil price and food prices in the countries. These were with a view to providing information on the relationship between oil and food prices in developing oil-exporting countries during the study period. Secondary data covering the period between 2001 and 2013 were employed in the analysis. Annual data on food prices were sourced from the Food and Agricultural Organisation (FAO) Statistical Databases. Data on crude oil price were sourced from the US Energy Information Administration (EIA); while data on inflation rate, urban population and trade openness were sourced from World Development Indicator (WDI), 2014. Graphs, Panel Autoregressive Distributed Lag (ARDL) bound test and Granger causality test were used for the analysis of data. The results indicated that oil price fluctuated throughout the study period, while food prices exhibited an upward trend throughout. The results also showed that in the long-run, oil price had a significant positive effect on food prices (t=12.59, p<0.05); while in the short-run, oil price had a positive, but insignificant relationship with food prices (t=0.54, p>0.05). Furthermore, the results revealed the existence of a unidirectional causal relationship between oil and food prices, with causality flowing from oil price to food prices (F=6.86, p<0.05). The study concluded that oil price had a positive long-run effect on food prices in developing oil-exporting countries during the period of study. 2023-05-13T16:39:42Z 2023-05-13T16:39:42Z 2016 Thesis Hassan,A.S (2016). Relationship between oil and food Prices in developing oil-exporting countries (2001-2013).Obafemi Awolowo University https://ir.oauife.edu.ng/123456789/5307 en application/pdf Economics,Obafemi Awolowo University |
| spellingShingle | Oil-exploring Oil price Food prices Oil Hassan, Adewale Samuel Relationship between oil and food Prices in developing oil-exporting countries (2001-2013) |
| title | Relationship between oil and food Prices in developing oil-exporting countries (2001-2013) |
| title_full | Relationship between oil and food Prices in developing oil-exporting countries (2001-2013) |
| title_fullStr | Relationship between oil and food Prices in developing oil-exporting countries (2001-2013) |
| title_full_unstemmed | Relationship between oil and food Prices in developing oil-exporting countries (2001-2013) |
| title_short | Relationship between oil and food Prices in developing oil-exporting countries (2001-2013) |
| title_sort | relationship between oil and food prices in developing oil exporting countries 2001 2013 |
| topic | Oil-exploring Oil price Food prices Oil |
| url | https://ir.oauife.edu.ng/123456789/5307 |
| work_keys_str_mv | AT hassanadewalesamuel relationshipbetweenoilandfoodpricesindevelopingoilexportingcountries20012013 |