ANALYSIS OF THE GLOBAL FOOD CRISIS IN INTERNATIONAL MARKETS BY THE ASYMMETRIC TVP-VAR METHOD

Oznur Tasdoken; Hakan Kahyaoglu

ANALYSIS OF THE GLOBAL FOOD CRISIS IN INTERNATIONAL MARKETS BY THE ASYMMETRIC TVP-VAR METHOD

Abstract

It is the expenditure on consumption that constitutes the basic share of the expenditures of the households that supply labor as a factor of production in an economy. These expenditures have an indirect effect on the input costs of the companies that demand labor as a production factor. The change in food prices determines both the relative price structure of the economy and the inflationary trend in the economy for the future, depending on the changes in labor and goods markets. For this reason, households that make the consumption decisions of companies as a producer decision unit in the economy are highly sensitive to changes in food commodity prices. A continuous and permanent change in food commodity prices has a direct impact on consumption expenditures and investment decisions. This effect causes supply shocks that may arise as a result of food and commodity prices to turn into demand shocks at the same time. From this point of view, this study investigates the distribution of volatility in global commodity prices, food commodity prices, Baltic dry indices, and crude oil prices, which are the indicators of price trends of basic inputs in international markets. Thus, the mechanism of spillover of a possible supply shock is revealed at the international level under the restrictions of the asymmetric TVP-VAR approach.

Keywords

Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Authors

Oznur Tasdoken ^* This is me
0000-0001-7381-4361
Türkiye

Hakan Kahyaoglu This is me
0000-0002-6031-7494
Türkiye

Publication Date

February 28, 2023

Submission Date

January 13, 2023

Acceptance Date

February 13, 2023

Published in Issue

Year 2023 Volume: 5 Number: 1

IZ

https://izlik.org/JA25NS66UK

Cite

RIS / Bibtex

APA

Tasdoken, O., & Kahyaoglu, H. (2023). ANALYSIS OF THE GLOBAL FOOD CRISIS IN INTERNATIONAL MARKETS BY THE ASYMMETRIC TVP-VAR METHOD. Eurasian Research Journal, 5(1), 59-71. https://izlik.org/JA25NS66UK

AMA

1.Tasdoken O, Kahyaoglu H. ANALYSIS OF THE GLOBAL FOOD CRISIS IN INTERNATIONAL MARKETS BY THE ASYMMETRIC TVP-VAR METHOD. ERJ. 2023;5(1):59-71. https://izlik.org/JA25NS66UK

Chicago

Tasdoken, Oznur, and Hakan Kahyaoglu. 2023. “ANALYSIS OF THE GLOBAL FOOD CRISIS IN INTERNATIONAL MARKETS BY THE ASYMMETRIC TVP-VAR METHOD”. Eurasian Research Journal 5 (1): 59-71. https://izlik.org/JA25NS66UK.

EndNote

Tasdoken O, Kahyaoglu H (February 1, 2023) ANALYSIS OF THE GLOBAL FOOD CRISIS IN INTERNATIONAL MARKETS BY THE ASYMMETRIC TVP-VAR METHOD. Eurasian Research Journal 5 1 59–71.

IEEE

[1]O. Tasdoken and H. Kahyaoglu, “ANALYSIS OF THE GLOBAL FOOD CRISIS IN INTERNATIONAL MARKETS BY THE ASYMMETRIC TVP-VAR METHOD”, ERJ, vol. 5, no. 1, pp. 59–71, Feb. 2023, [Online]. Available: https://izlik.org/JA25NS66UK

ISNAD

Tasdoken, Oznur - Kahyaoglu, Hakan. “ANALYSIS OF THE GLOBAL FOOD CRISIS IN INTERNATIONAL MARKETS BY THE ASYMMETRIC TVP-VAR METHOD”. Eurasian Research Journal 5/1 (February 1, 2023): 59-71. https://izlik.org/JA25NS66UK.

JAMA

1.Tasdoken O, Kahyaoglu H. ANALYSIS OF THE GLOBAL FOOD CRISIS IN INTERNATIONAL MARKETS BY THE ASYMMETRIC TVP-VAR METHOD. ERJ. 2023;5:59–71.

MLA

Tasdoken, Oznur, and Hakan Kahyaoglu. “ANALYSIS OF THE GLOBAL FOOD CRISIS IN INTERNATIONAL MARKETS BY THE ASYMMETRIC TVP-VAR METHOD”. Eurasian Research Journal, vol. 5, no. 1, Feb. 2023, pp. 59-71, https://izlik.org/JA25NS66UK.

Vancouver

1.Oznur Tasdoken, Hakan Kahyaoglu. ANALYSIS OF THE GLOBAL FOOD CRISIS IN INTERNATIONAL MARKETS BY THE ASYMMETRIC TVP-VAR METHOD. ERJ [Internet]. 2023 Feb. 1;5(1):59-71. Available from: https://izlik.org/JA25NS66UK