MACROECONOMIC VARIABLES AND RISING FOOD PRICES: EMPIRICAL EVIDENCE FROM PAKISTAN
Download| Volume 10 Issue 1 2014 | |
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| Author(s): |
Hamid Salman
Faisal Aftab
Rab Nawaz Lodhi
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| Abstract | This study examines the long and short-run impact of the macroeconomic variable on rising food commodities prices. For this paper mixed-method approach is used, quantitative time series data over the period 1991-2013 and autoregressive distributed lag (ARDL) approach to Co-integration, whereas qualitative data is collected from thematic analysis of many past types of research to determine the most and least critical consequences of food prices skies by using NVIVO 10 software technique “treemap”. The result shows energy prices and dollar prices have positive beta coefficients and having a statistically significant impact on the rising food commodities price index Moreover, the error correction model’s coefficient is with a negative sign that suggests its expected significant adjustment toward the long-term. Whereas the qualitative results identified different variables have a different magnitude of relationship with rising food prices in different situations; Exchange rate, energy prices, money supply are the most critical consequences of rising food items prices. The study, therefore, recommends that government should develop an integrated efficient, and effective energy and monetary policy with a long-term future development outline of controlling food inflation. |
| Keywords | Food Prices, Critical consequences, Developing country, ARDL, NVivo. |
| Year | 2014 |
| Volume | 10 |
| Issue | 1 |
| Type | Full Length Paper |
| Recognized by | Higher Education Commission of Pakistan, HEC | Category | "Y" | Journal Name | IBT Journal of Business Studies | Publisher Name | ILMA University | Jel Classification | - | DOI | http://dx.doi.org/10.46745/ilma.jbs.2014.10.01.05 | ISSN no (E, Electronic) | 2409-6520 | ISSN no (P, Print) | 2416-8393 | Country | Pakistan | City | Karachi | Institution Type | University | Journal Type | Open Access | Manuscript Processing | Blind Peer Reviewed | Format | Paper Link | http://ibtjbs.ilmauniversity.edu.pk/journal/jbs/10.1/5.%20Macroeconomic%20Variables%20and%20Rising%20Food%20Prices%20Empirical%20Evidence%20from%20Pakistan.pdf | Page | 66-82 |