|
|
|
|
|
| Power, Gabriel J.; Vedenov, Dmitry V.. |
| Commodity and energy prices have exhibited an unprecedented increase between October 2006 and July 2008, only to fall sharply during the last months of 2008. Many explanations have been offered to this phenomenon, including steadily increasing demand from China and India, large mandated increases in ethanol production, droughts in some key agricultural producer countries, production plateaus in some major oil-producing countries, refinery capacity limits, demand pressure from the derivatives market owing to the diversification properties of commodities, etc. Clearly, agricultural input, output, and energy products are closely related economically. In addition to biofuels, the connection points include nitrogen-based solution liquid fertilizers, fossil... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Commodity prices; Commodity bull cycle; Energy prices; Granger-causality; Graph theory; Structural VAR.; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Demand and Price Analysis; Financial Economics; Research Methods/ Statistical Methods. |
| Ano: 2009 |
URL: http://purl.umn.edu/49538 |
| |
|
| |
|
| |
|
| |
|
|
| Wixson, Sarah E.; Katchova, Ani L.. |
| Recent increases in the price of crude oil have led to a rise in the prominence of corn-based ethanol as an alternative source of energy. As a result linkages have been established between commodity and energy prices. The aim of this study is to determine if soybeans, corn, wheat, oil, and ethanol adjust their prices asymmetrically depending on whether their actual price is over or under-predicted with respect to one another. This study’s goal of determining if asymmetric price relationships exist is accomplished by using monthly time series price data incorporated into a distributed lag error correction model distinguishing between positive and negative price difference and positive and negative values of the error correction terms. The primary results... |
| Tipo: Presentation |
Palavras-chave: Commodity prices; Energy prices; Price asymmetry; Risk and Uncertainty; Q13. |
| Ano: 2012 |
URL: http://purl.umn.edu/122553 |
| |
|
|
| Reed, Albert J.; Hanson, Kenneth; Elitzak, Howard; Schluter, Gerald E.. |
| USDA's Economic Research Service (ERS) uses different economic models to estimate the impact of higher input prices on consumer food prices. The present study compares three ERS models. In the first two models, neither consumers nor food producers respond to market prices. We refer to these two models as short-run models. In the third model, both consumers and food producers respond to changing prices, and we refer to this model as a long-run model. Given published parameter estimates, we simulate the impact of a higher energy price on consumer food prices, and our empirical findings are consistent with our understanding of market responses. In the short run, we find that the full effect of an increase in the price of energy is fully (or nearly fully)... |
| Tipo: Report |
Palavras-chave: Price-spread model; Input-output model; Variable-proportions model; Food prices; Energy prices; Input prices; Demand and Price Analysis. |
| Ano: 1997 |
URL: http://purl.umn.edu/33574 |
| |
|
|
| Tokgoz, Simla. |
| The objective of this study is to analyze the impact of crude oil prices on the EU-27 agricultural sector in an era when the biofuels sector is expanding because of the policy initiatives taken by the EU Commission and member states. To this end, first a baseline is set up for the EU-27 ethanol, grain, and dried distillers grains markets. In the next step, two different scenarios are run. The first scenario incorporates a $10- per-barrel increase in the EU-27 crude oil price with the ethanol import tariffs in place. The second scenario incorporates the same shock with the ethanol import tariffs removed. In the first scenario, higher crude oil prices increase ethanol consumption, production, and therefore grain prices. In the second scenario, the impact of... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Ethanol; Energy prices; Trade liberalisation; Resource /Energy Economics and Policy. |
| Ano: 2008 |
URL: http://purl.umn.edu/44241 |
| |
|
|
|
