• Title/Summary/Keyword: 곡물

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Changes in Factors Affecting International Grain Prices (국제곡물가격에 영향을 미치는 요인의 변화)

  • Choi, Sunkyu;Jung, Heonyong
    • The Journal of the Convergence on Culture Technology
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    • v.5 no.2
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    • pp.183-188
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    • 2019

  • This study analyzed the effects of short-term interest rates, exchange rates and international oil prices on international grain prices using the EGARCH-GED model. The yield before one month of the international grain prices itself was found to have a significant effect on international grain prices for most periods. During the entire analysis period, none of the economic variables appeared to have a significant effect on international grain prices, whereas during the exchange fall period, only oil prices were shown to have a significant effect on international grain prices. In addition, during the pre-crisis period, interest rates, exchange rates and oil prices did not all have a significant effect, but during the post-crisis period only oil prices had a significant effect on international grain prices. It turns out that the factors affecting international grain prices are changing with the passage of time.

  • https://doi.org/10.17703/JCCT.2019.5.2.183 인용 PDF KSCI HTML