The nonlinear relation between biofuels and food prices
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| Format: | Artículo científico |
| Sprache: | en |
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Universidad Nacional Autónoma de México
2017
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| _version_ | 1876452993375666176 |
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| author | Salvador Cruz Aké |
| author_facet | Salvador Cruz Aké |
| contents | The nonlinear relation between biofuels and food prices Salvador Cruz Aké Economía y Finanzas energy prices agricultural foods phase synchronization Dynamic Conditional Correlation This paper analyzes the relationship between the production of agricultural foods (cereals and vegetable oils) and the production of energy by using food. The observed increase in economic activities that use energy has had an impulse in the energy industry with higher prices. These prices make profitable the biofuel production, and this encourage the use of cereals for biofuel production, affecting the whole food chain. This research demonstrates that the agricultural foods and energy production system has been in place at least since 2000 and that it remains active or latent depending on the price of energetics. The paper also shows that the temperature variations do not lead the system to an adjustment. To do, this research uses the econometric technique of Dynamic Conditional Correlation, and a new tool, phase synchronization. The use of the latter avoid making assumptions on the distribution or stability of the involved variables. 2017 artículo científico 0185-1667 https://www.redalyc.org/articulo.oa?id=60155347001 en http://www.redalyc.org/revista.oa?id=601 Investigación Económica application/pdf Universidad Nacional Autónoma de México Investigación Económica (México) Num.299 Vol.LXXVI |
| format | Artículo científico |
| id | redalyc_60155347001 |
| institution | Redalyc |
| language | en |
| publishDate | 2017 |
| publisher | Universidad Nacional Autónoma de México |
| spellingShingle | The nonlinear relation between biofuels and food prices Salvador Cruz Aké Economía y Finanzas energy prices agricultural foods phase synchronization Dynamic Conditional Correlation The nonlinear relation between biofuels and food prices Salvador Cruz Aké Economía y Finanzas energy prices agricultural foods phase synchronization Dynamic Conditional Correlation This paper analyzes the relationship between the production of agricultural foods (cereals and vegetable oils) and the production of energy by using food. The observed increase in economic activities that use energy has had an impulse in the energy industry with higher prices. These prices make profitable the biofuel production, and this encourage the use of cereals for biofuel production, affecting the whole food chain. This research demonstrates that the agricultural foods and energy production system has been in place at least since 2000 and that it remains active or latent depending on the price of energetics. The paper also shows that the temperature variations do not lead the system to an adjustment. To do, this research uses the econometric technique of Dynamic Conditional Correlation, and a new tool, phase synchronization. The use of the latter avoid making assumptions on the distribution or stability of the involved variables. 2017 artículo científico 0185-1667 https://www.redalyc.org/articulo.oa?id=60155347001 en http://www.redalyc.org/revista.oa?id=601 Investigación Económica application/pdf Universidad Nacional Autónoma de México Investigación Económica (México) Num.299 Vol.LXXVI |
| title | The nonlinear relation between biofuels and food prices |
| topic | Economía y Finanzas energy prices agricultural foods phase synchronization Dynamic Conditional Correlation |
| url | https://www.redalyc.org/articulo.oa?id=60155347001 |