Oil and Food Prices Co-integration Nexus for Indonesia:A Non-linear Autoregressive Distributed Lag Analysis

Rizgar Abdlkarim Abdlaziz; Khalid Abdul Rahim; Peter Adamu

Article Details

Oil and Food Prices Co-integration Nexus for Indonesia:A Non-linear Autoregressive Distributed Lag Analysis

Authors:

Rizgar Abdlkarim Abdlaziz | Khalid Abdul Rahim | Peter Adamu

Publisher:

İlhan ÖZTÜRK

Journal:

International Journal of Energy Economics and Policy 2016 Vol.6 Issue 1, pp.82-87

Document Type:

Article

Publication Date:

2/2016

Document Language:

Turkish

Document ID (Org No.):

2000816366

Frequency:

Bimonthly

eISSN:

2146-4553

Abstract:

 

This paper examines the relationship between the prices of oil and food price for Indonesia using Nonlinear Autoregressive distributed lag (NARDL) method. The bound test for co-integration for the NARDL model shows the evidence of co-integration between food price, growth rate of GDP and oil price. The estimated NARDL for the oil price in domestic currency provides strong evidence of long and short run co-integration between food and oil price when the latter increases while the relations for oil price reduction is not present and insignificant. The estimators of positive change in oil price model measured in US Dollar are significant in our study.

Article Details

Oil and Food Prices Co-integration Nexus for Indonesia:A Non-linear Autoregressive Distributed Lag Analysis

Authors: Rizgar Abdlkarim Abdlaziz | Khalid Abdul Rahim | Peter Adamu

Publisher: İlhan ÖZTÜRK

Journal: International Journal of Energy Economics and Policy 2016 Vol.6 Issue 1, pp.82-87

Document Type: Article

Publication Date: 2/2016

Document Language: Turkish

Document ID (Org No.): 2000816366

Frequency: Bimonthly

eISSN: 2146-4553

Issues

Authors:

Rizgar Abdlkarim Abdlaziz | Khalid Abdul Rahim | Peter Adamu

Publisher:

İlhan ÖZTÜRK

Journal:

International Journal of Energy Economics and Policy 2016 Vol.6 Issue 1, pp.82-87

Document Type:

Article

Publication Date:

2/2016

Document Language:

Turkish

Document ID (Org No.):

2000816366

Frequency:

Bimonthly

eISSN:

2146-4553