Hong, C. and Li, J. and Lin, Y. (2012) The Sensitivity of the Agribusiness Production Costs and Price Level to Change in the Prices of Crude Oil- Evidence from a Small Open Economy. Middle Eastern Finance and Economics (16). pp. 81-89.
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Abstract
In the present study, we developed an industry-related price model to investigate the impacts of increases in crude oil prices on the production costs and the price levels of the agricultural industry in Taiwan. Compared with the industrial sector, the price indices of the agricultural sector suffered a relatively lower impact from increases in oil prices. These effects resulted from the subsidy and acquisition policies implemented by the government with regard to the agricultural industry, and brought that Taiwan had long been overproducing agricultural products. Since the price level of agricultural products was low, farmers and distributors absorbed most of the increased costs.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Industry-related Price Model, Production Cost, Producer Price Index, Corporate Goods Price Index, Consumer Price Index |
| Author Affiliation: | Department of Finance, Chaoyang University of Technology |
| Subjects: | Social Sciences Agribusiness |
| Divisions: | General |
| Depositing User: | Mr. SanatKumar Behera |
| Date Deposited: | 14 Sep 2012 05:47 |
| Last Modified: | 14 Sep 2012 05:48 |
| Official URL: | http://www.middleeasterneconomicsandfinance.com/IS... |
| URI: | http://eprints.icrisat.ac.in/id/eprint/7870 |
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