Crude oil price and food price volatility: A conceptual analysis
1 National Biotechnology Development Agency, Umaru Yar’adua Express Way Lugbe Abuja -FCT PMB 5118 Wuse Abuja.
2 Department of Agricultural Economics, Federal University of Agriculture, Makurdi, PMB 2373 Makurdi, Benue State, Nigeria.
Review
International Journal of Scientific Research Updates, 2022, 04(01), 108–115.
Article DOI: 10.53430/ijsru.2022.4.1.0067
Publication history:
Received on 19 June 2022; revised on 29 July 2022; accepted on 31 July 2022
Abstract:
In this paper we explain the volatility of food prices, the sources and consequences of volatility. We develop a conceptual model linking oil price and food price volatility. We also attempt to assess previous empirical studies and identify any gaps in the literature that will serve as guide for future empirical studies.
Keywords:
Oil price; Food price; Volatility; Conceptual Analysis
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