The Effect of Fuel Prices on Food Prices in Kenya

Simple item page
dc.contributor.authorNgare, Lucy W.
dc.contributor.authorDerek, Okova W.
dc.date.accessioned2023-07-25T10:01:05Z
dc.date.available2023-07-25T10:01:05Z
dc.date.issued2020
dc.descriptionArticleen_US
dc.description.abstractHigh food prices are one of the major risks facing households from developing countries. Food prices have attracted renewed interest among policy experts in identifying appropriate policy instruments to counter the effect of price vulnerability. This paper evaluates the effect of fuel prices on food prices by testing for Granger causality and cointegration applied to diesel, maize, beans, cabbage, and potatoes price data for the period 2010-2018. The results revealed a unidirectional Granger causality running from diesel prices to cabbage and potatoes prices but there was no causal relationship with maize and beans prices. The findings suggest that there is a long-run price relationship between perishable foods and fuel prices with an increase in the price of diesel resulting in a significant increase in the price of cabbages and potatoes. The study recommends a policy of cushioning an increase in food prices by introducing a tax relief once the fuel price hits a certain level.en_US
dc.identifier.citationNgare, L. W., & Derek, O. W. (2021). The effect of fuel prices on food prices in Kenya. International Journal of Energy Economics and Policy, 11(4), 127-131.en_US
dc.identifier.govdochttps://doi.org/10.32479/ijeep.10600
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/26395
dc.language.isoenen_US
dc.publisherEconJournalsen_US
dc.subjectFood Pricesen_US
dc.subjectFuel pricesen_US
dc.subjectCointegrationen_US
dc.subjectGranger Causalityen_US
dc.titleThe Effect of Fuel Prices on Food Prices in Kenyaen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
The Effect of Fuel Prices on Food Prices in Kenya.pdf
Size:
559.68 KB
Format:
Adobe Portable Document Format
Description:
Full text Article
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
RP-Department of Agricultural Economics