文章基本信息

标题：The Impact of Oil Prices on the Food Inflation in Kazakhstan
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作者：Sabit Baimaganbetov ; Dinmukhamed Kelesbayev ; Gulzhan Baibosynova 等
期刊名称：International Journal of Energy Economics and Policy
电子版ISSN：2146-4553
出版年度：2021
卷号：11
期号：3
页码：73-79
DOI：10.32479/ijeep.10844
出版社：EconJournals
其他摘要：This paper assesses empirically the effects of real oil price shocks on the food inflation in Kazakhstan for the monthly period 2004-2019 by using a VAR model. Standard unit root tests do not yield reliable results in the presence of breaks. In this regard, Zivot-Andrews (1992) has been tested with the help of unit root test. Food prices have been proven to be I(1) according to the Zivot-Andrews (1992) test, while I(0) is according to the ADF test. In subsequent steps, the causality test of the variables was performed. According to the test, there is a double-chance causality between oil prices and food prices. The short-term effect of the variables is investigated with the help of the VAR model. As a result, crude oil prices have an indirect impact on food prices.
其他关键词：Kazakhstan; Oil Prices; Food Prices; Inflation; VAR Model; Unit-Root Test