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294618

The relationship between fluctuations in oil prices and global food commodity prices: an analytical and econometric study

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Last updated: 29 Dec 2024

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Abstract

The current research is concerned with studying the relationship between fluctuations in oil prices and global food commodity prices, by presenting the related concepts and factors affecting oil prices and food commodity prices. And analysis of the relationship between the two variables, as well as monitoring and analysis of the evolution of oil prices and global food commodity prices. And measuring the relationship between the two variables using Granger causality and the Autoregressive Vector model (VAR). The research found a one-way causal relationship in which oil price fluctuations affect the fluctuations of global food commodity prices. And there is a significant positive impact of the global financial crisis on the increase in oil price fluctuations. And a positive moral impact of the Corona crisis on the increase in the price fluctuations of food commodities. Therefore, economic policy makers and international investors must monitor changes that may occur in oil prices due to their impact on global food commodity prices. International investors can also take advantage of this when they decide to restructure their financial portfolios.

DOI

10.21608/bjhs.2022.294618

Keywords

Fluctuations in Oil Prices, Fluctuations in Global Food Prices, Granger causality, Autoregressive Vector Model (VAR)

Authors

First Name

ماجد

Last Name

مسعد أبو اليزيد عز الدين

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Affiliation

مُدرس مساعد بقسم الاقتصاد - كلية التجارة- جامـــعــــة بـــــنـــهــــا

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First Name

حسـني

Last Name

حسـن مهــران

MiddleName

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Affiliation

أستاذ الاقتصاد - كليــة التجــارة - جامعــة بنهــا

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City

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Orcid

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First Name

محمـد

Last Name

سعيد بسيوني

MiddleName

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Affiliation

أستاذ الاقتصاد - كليــة التجــارة - جامعــة بنهــا

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Orcid

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First Name

محمد

Last Name

إبراهيم عواد

MiddleName

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Affiliation

مُــــدرس الاقتصــــاد - كليـــة التجـــارة - جامعـــة بنهـــا

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Volume

1

Article Issue

1

Related Issue

36405

Issue Date

2022-09-01

Receive Date

2022-04-09

Publish Date

2022-09-01

Page Start

247

Page End

278

Print ISSN

2537-0170

Online ISSN

2537-0189

Link

https://bjhs.journals.ekb.eg/article_294618.html

Detail API

https://bjhs.journals.ekb.eg/service?article_code=294618

Order

294,618

Type

Original Article

Type Code

2,462

Publication Type

Journal

Publication Title

مجلة بنها للعلوم الإنسانية

Publication Link

https://bjhs.journals.ekb.eg/

MainTitle

The relationship between fluctuations in oil prices and global food commodity prices: an analytical and econometric study

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Article

Created At

29 Dec 2024