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Russia-Ukraine War and Food Prices in Low-and Middle-income Countries

Author

Listed:
  • Solomon Gbaka
  • Victor U. Ijirshar

    (Department of Economics, Benue State University Makurdi, Nigeria)

Abstract

This study examines the impact of the Russia-Ukraine war on food prices in 12 low-and middle-income countries (L&MICs) using Mean Group and Pooled Mean Group techniques on monthly data from January 2021 to April 2023. The study confirms the long run positive and significant impact and the short run negative and insignificant influence of the war. It thus recommends economic diversification by L&MICs to substitute the imported food products from the war zone.

Suggested Citation

  • Solomon Gbaka & Victor U. Ijirshar, 2024. "Russia-Ukraine War and Food Prices in Low-and Middle-income Countries," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 5(2), pages 1-6.
    • Handle: RePEc:ayb:jrnerl:105
    DOI: 2024/07/10
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • F1 - International Economics - - Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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