Go to main content
Formats
Format
BibTeX
MARCXML
TextMARC
MARC
DublinCore
EndNote
NLM
RefWorks
RIS

Files

Abstract

The "food vs. fuel" debate may be difficult to resolve without letting the data ’speak’. We investigate the short and long-run relationships between food and fuel prices. Our analysis spans the period 1989-2013, covering the lead-up to the 2007-08 price spike, the sharp downward movement in the aftermath, as well as the period thereafter. This provides a more complete picture of the interaction between agriculture and fuel markets. Our results indicate the existence of a long-run equilibrium relationship between the prices in these markets. A closer examination of the dynamics between ethanol and corn, soybean, and sugar prices shows that the corn-soybean linkage plays a key role in shaping the long-run relationship between food and fuel prices. Although ethanol prices Granger cause corn prices, no individual agricultural commodity Granger causes ethanol prices. However, corn and soybean as a single group has an impact on the ethanol market

Details

PDF

Statistics

from
to
Export
Download Full History