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Global food price pass-through in Sri Lanka: A causality analysis

Food prices have been increasing sharply since 2003 in Sri Lanka as well as in the world.In the globalized world, the transmission of global food price increases to domestic market determines the decision of economic agents and policy makers of a domestic economy.Thus, this study examines how intern...

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Main Authors: Sivarajasingham, Selliah, Applanaidu, Shri Dewi, Hassan, Sallahuddin
Format: Conference or Workshop Item
Language:English
Published: 2015
Subjects:
HC Economic History and Conditions
Online Access:http://repo.uum.edu.my/17048/1/15.pdf
http://repo.uum.edu.my/17048/
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spelling my.uum.repo.170482016-05-30T07:25:21Z http://repo.uum.edu.my/17048/ Global food price pass-through in Sri Lanka: A causality analysis Sivarajasingham, Selliah Applanaidu, Shri Dewi Hassan, Sallahuddin HC Economic History and Conditions Food prices have been increasing sharply since 2003 in Sri Lanka as well as in the world.In the globalized world, the transmission of global food price increases to domestic market determines the decision of economic agents and policy makers of a domestic economy.Thus, this study examines how international food price increases affects domestic inflation dynamic process in Sri Lanka. To assess this purpose, the study uses the VAR Granger causality/Block Exogeneity Wald Tests. The empirical statistical results are derived by using parametric and non-parametric econometric techniques.The data span for this study is from 2003M1 to 2013M12.Granger causality reveals unidirectional causal relationship running from global food price to domestic prices and the past changes of global food price help to explain current changes of domestic prices over and above the study period in Sri Lanka.Therefore, Sri Lankan government needs to develop a safety net program for the poor and a longer term poverty reduction strategy.The results of this study have various policy implications for monetary policy, food and agricultural policy and trade policy for Sri Lanka. 2015-11-04 Conference or Workshop Item PeerReviewed application/pdf en http://repo.uum.edu.my/17048/1/15.pdf Sivarajasingham, Selliah and Applanaidu, Shri Dewi and Hassan, Sallahuddin (2015) Global food price pass-through in Sri Lanka: A causality analysis. In: 4th ASEAN Consortium on Department of Economics Conference (ACDEC) 2015, 04-05 November 2015, Student Accomodation Centre (SAC), UUM.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HC Economic History and Conditions
spellingShingle HC Economic History and Conditions
Sivarajasingham, Selliah
Applanaidu, Shri Dewi
Hassan, Sallahuddin
Global food price pass-through in Sri Lanka: A causality analysis
description Food prices have been increasing sharply since 2003 in Sri Lanka as well as in the world.In the globalized world, the transmission of global food price increases to domestic market determines the decision of economic agents and policy makers of a domestic economy.Thus, this study examines how international food price increases affects domestic inflation dynamic process in Sri Lanka. To assess this purpose, the study uses the VAR Granger causality/Block Exogeneity Wald Tests. The empirical statistical results are derived by using parametric and non-parametric econometric techniques.The data span for this study is from 2003M1 to 2013M12.Granger causality reveals unidirectional causal relationship running from global food price to domestic prices and the past changes of global food price help to explain current changes of domestic prices over and above the study period in Sri Lanka.Therefore, Sri Lankan government needs to develop a safety net program for the poor and a longer term poverty reduction strategy.The results of this study have various policy implications for monetary policy, food and agricultural policy and trade policy for Sri Lanka.
format Conference or Workshop Item
author Sivarajasingham, Selliah
Applanaidu, Shri Dewi
Hassan, Sallahuddin
author_facet Sivarajasingham, Selliah
Applanaidu, Shri Dewi
Hassan, Sallahuddin
author_sort Sivarajasingham, Selliah
title Global food price pass-through in Sri Lanka: A causality analysis
title_short Global food price pass-through in Sri Lanka: A causality analysis
title_full Global food price pass-through in Sri Lanka: A causality analysis
title_fullStr Global food price pass-through in Sri Lanka: A causality analysis
title_full_unstemmed Global food price pass-through in Sri Lanka: A causality analysis
title_sort global food price pass-through in sri lanka: a causality analysis
publishDate 2015
url http://repo.uum.edu.my/17048/1/15.pdf
http://repo.uum.edu.my/17048/
_version_ 1644282124665094144
score 13.211869

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