Causality between food prices and other goods prices: Evidence from the EU member-states
The purpose of this paper was to investigate and measure the causation between food consumer price index and all-other-items consumer price index in 14 European Union member-states, using monthly data covering the period from 1985:12 to 1998:12. For this purpose a four stages approach was employed: Firstly, the non-stationarity of the data involved was investigated using the Augmented Dickey-Fuller tests. Secondly, causation was investigated using the Granger causality tests. Thirdly, the long-run equilibrium relationship between the two variables involved was estimated employing the Johansen cointegration approach. Fourthly, the short-term disequilibrium relationship between these two variables was estimated employing the Error-Correction-Models methodology. The findings of the paper generally support the hypothesis that for the vast majority of the EU member-states there exist a unidirectional Granger causality from all-other-items consumer prices to food consumer prices.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-1072, June.
When requesting a correction, please mention this item's handle: RePEc:ags:aergaa:26463. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.