| ID | 093504 |
| Title Proper | Long-run impact of energy prices on world agricultural markets |
| Other Title Information | the role of macro-economic linkages |
| Language | ENG |
| Author | Gohin, A ; Chantret, F |
| Publication | 2010. |
| Summary / Abstract (Note) | The world prices of some 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 specifying 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. |
| `In' analytical Note | Energy Policy Vol. 38, No. 1; Jan 2010: p. 333-339 |
| Journal Source | Energy Policy Vol. 38, No. 1; Jan 2010: p. 333-339 |
| Key Words | Oil Prices ; Agricultural Prices ; Computable General Equilibrium Model |