The Long-Run Impact of Energy Prices on World Agricultural Markets: The Role of Macro-Economic Linkages
| dc.creator | Chantret, Francois | |
| dc.creator | Gohin, Alexandre | |
| dc.date | 2017-04-01T13:54:32Z | |
| dc.date.accessioned | 2026-07-09T04:49:42Z | |
| dc.description | The world prices of food and energy products have followed similar large swings in recent years. We investigate the long run relationship between these prices using a world Computable General Equilibrium model with detailed representations of food and energy markets. Particular attention is paid to specify macro-economic linkages which have often been overlooked in recent analysis and debate. We find that the omission of these macro-economic linkages has a substantial bearing on this relationship. A positive relationship due to the cost push effect has been identified in most analysis, but we find that the introduction of the real income effect may indeed imply a negative relationship between world food and energy prices. Accordingly, it is crucial to move from a sector-focused analysis to a system wide approach when analyzing the linkages between global energy and food markets. | |
| dc.identifier | doi:10.22004/ag.econ.51560 | |
| dc.identifier | https://ageconsearch.umn.edu/record/51560/files/215ChantretGohin2009.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/51560 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/555412 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/51560 | |
| dc.title | The Long-Run Impact of Energy Prices on World Agricultural Markets: The Role of Macro-Economic Linkages | |
| dc.type | Text |