Modeling the relationship between the oil price and global food prices
作者： Sheng-Tung Chen , Hsiao-I Kuo , Chi-Chung Chen
DOI: 10.1016/J.APENERGY.2010.02.020
关键词:
摘要: Abstract The growth of corn-based ethanol production and soybean-based bio-diesel following the increase in oil prices have significantly affect world agricultural grain productions its prices. main purpose this paper is to investigate relationships between crude price global for corn, soybean, wheat. empirical results show that change each influenced by changes other during period extending from 3rd week 2005 20th 2008 which implies commodities are competing with derived demand bio-fuels using soybean or corn produce higher these recent years. subsidy policies relation bio-fuel industries some nations engaging should be considered avoid consequences resulting high
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