期刊名称:International Journal of Energy Economics and Policy
电子版ISSN:2146-4553
出版年度:2018
卷号:8
期号:1
页码:90-94
语种:English
出版社:EconJournals
摘要:This study aims to examine the causal relationship between crude oil price, IDR/EUR exchange rate, and rice price by using monthly data from January 2000 to September 2017. The result of data analysis using VAR model shows that there is no long-term relationship between crude oil price, IDR/EUR exchange rate, and the price of rice. The relationhip that happens is only in short-term one. Granger causality test result shows that the direction of relationship is from crude oil price and IDR/EUR exchange rate to rice price. The relationship between crude oil price and rice price is positive, while the relationship between IDR/EUR exchange rate and rice price is positive before the third month. However, this relationship turns into negative after the third month.
关键词:Crude oil price; exchange rate; rice price; VAR model.