Analyzing Factors Affecting U.S. Food Price Inflation.
| dc.creator | Baek, Jungho | |
| dc.creator | Koo, Won W. | |
| dc.date | 2017-04-01T17:01:18Z | |
| dc.date.accessioned | 2026-07-09T04:55:21Z | |
| dc.description | Since the summer of 2007, U.S. food price has increased dramatically. Given public anxiety over fast-rising food prices in recent years, this paper attempts to analyze the effects of market factors ─ prices of energy and agricultural commodities and exchange rate ─ on U.S. food prices using a co-integration analysis. Results show that the agricultural commodity price and exchange rate play key roles in determining the short- and long-run movement of U.S. food prices. It is also found that in recent years, the energy price has been a significant factor affecting U.S. food prices in the long-run, but has little effect in the short-run. This implies the strong long-run linkage between energy and agricultural markets has emerged through production of commodity-based ethanol in the recent years. | |
| dc.identifier | doi:10.22004/ag.econ.54248 | |
| dc.identifier | https://ageconsearch.umn.edu/record/54248/files/AgReport653-FactorsAffectingUSFoodPrices_9_15_2009%2097.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/54248 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/556662 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/54248 | |
| dc.title | Analyzing Factors Affecting U.S. Food Price Inflation. | |
| dc.type | Text |