The Role of Energy on the Price Volatility of Fruits and Vegetables: Evidence from Turkey
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Tarih
2022
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Firenze Univ Press
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
In agricultural economics, fluctuations in food prices and the factors affecting these fluctuations have always been an important research topic. From production to delivery to consumers, the supply chain of agricultural products has a dynamic structure with continuous changes. In this dynamic process, analyzing the intensive use of energy at each stage has gained more importance with its deepening effects in comparison to the past. This study will empirically explore the volatility spillovers between energy price index and fruit-vegetables price index in the period of 2007-2020 in Turkey using the Kanas and Diebold-Yilmaz approaches. According to the results obtained from the Kanas approach in the study, it has been observed that there is a statistically significant volatility spillover from the energy price index to the vegetable price index, whereas there is no statistically significant volatility spillover to the fruit price index. This finding was supported by the results obtained from the Diebold-Yilmaz approach showing that there is a volatility spillover of 13.52% to the vegetable price index and 0.86% to the fruit price index from the energy price index.
Açıklama
Anahtar Kelimeler
volatility spillover, energy, agricultural prices, EGARCH, agricultural markets
Kaynak
Bio-Based and Applied Economics
WoS Q Değeri
Q2
Scopus Q Değeri
Q2
Cilt
11
Sayı
1
