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A global VAR model for the analysis of wheat export prices

Listed author(s):
  • Gutierrez, Luciano
  • Piras, Francesco
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    Food commodity price fluctuations have an important impact on poverty and food insecurity across the world. Conventional models have not provided a complete picture of recent price spikes in agricultural commodity markets, while there is an urgent need for appropriate policy responses. Perhaps new approaches are needed in order to better understand international spill-overs, the feedback between the real and the financial sectors and also the link between food and energy prices. In this article we present the results from a new worldwide dynamic model that provides the short and long-run impulse responses of the international wheat price to various real and financial shocks.

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    File URL: http://purl.umn.edu/182723
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    Paper provided by European Association of Agricultural Economists in its series 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia with number 182723.

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    Date of creation: Aug 2014
    Handle: RePEc:ags:eaae14:182723
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