Linkages between natural gas, fertiliser and cereal prices: A note

IF 3.4 2区 经济学 Q1 AGRICULTURAL ECONOMICS & POLICY Journal of Agricultural Economics Pub Date : 2023-02-15 DOI:10.1111/1477-9552.12532
Puneet Vatsa, Dragan Miljkovic, Jungho Baek
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引用次数: 1

Abstract

We use structural vector autoregressions to analyse the dynamic effects of shocks to natural gas and nitrogenous fertiliser prices on three major cereal crops: maize, rice and wheat. We find that the response of cereal prices to natural gas and fertiliser price shocks has been relatively small, instantaneous and transitory. These findings suggest that crop prices may change rapidly in response to energy and fertiliser prices, even when there are no shifts in the underlying fundamentals in crop markets. Furthermore, because the effects of the shocks dissipate rather quickly, short-term measures to address swings in food prices may suffice.

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天然气、化肥和谷物价格之间的联系:注释
我们使用结构向量自回归分析了天然气和氮肥价格冲击对三种主要谷物作物(玉米、水稻和小麦)的动态影响。我们发现,谷物价格对天然气和化肥价格冲击的反应相对较小,是瞬时和短暂的。这些发现表明,农作物价格可能会随着能源和化肥价格的变化而迅速变化,即使在农作物市场的基本要素没有发生变化的情况下也是如此。此外,由于冲击的影响消散得相当快,应对食品价格波动的短期措施可能就足够了。
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来源期刊
Journal of Agricultural Economics
Journal of Agricultural Economics 管理科学-农业经济与政策
CiteScore
7.90
自引率
2.90%
发文量
48
审稿时长
>24 weeks
期刊介绍: Published on behalf of the Agricultural Economics Society, the Journal of Agricultural Economics is a leading international professional journal, providing a forum for research into agricultural economics and related disciplines such as statistics, marketing, business management, politics, history and sociology, and their application to issues in the agricultural, food, and related industries; rural communities, and the environment. Each issue of the JAE contains articles, notes and book reviews as well as information relating to the Agricultural Economics Society. Published 3 times a year, it is received by members and institutional subscribers in 69 countries. With contributions from leading international scholars, the JAE is a leading citation for agricultural economics and policy. Published articles either deal with new developments in research and methods of analysis, or apply existing methods and techniques to new problems and situations which are of general interest to the Journal’s international readership.
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