On the analysis of food and oil markets in Nigeria: What prices tell us from asymmetric and partial structural change modeling?
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In this paper, using data spanning from January 2000 to September 2019, we applied asymmetric and partial structural change models to examine the impact of oil price on food prices in Nigeria. Results from the asymmetric model showed that positive margins in crude oil price reduce the price of food, while negative margins co-move with food price in the long-run. The story is different in the short-run, where both positive and negative changes in oil price exert positive effects on food price.
Nội dung trích xuất từ tài liệu:
On the analysis of food and oil markets in Nigeria: What prices tell us from asymmetric and partial structural change modeling?
Nội dung trích xuất từ tài liệu:
On the analysis of food and oil markets in Nigeria: What prices tell us from asymmetric and partial structural change modeling?
Tìm kiếm theo từ khóa liên quan:
Food price Oil price Partial structural change model Partial structural change modeling Oil markets in Nigeria Oil price exert positiveGợi ý tài liệu liên quan:
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