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PROCESS OF GLOBAL SHOCKS TRANSMISSION TO DOMESTIC FOOD PRICE LEVEL: CASE OF BANGLADESH

机译:全球冲击向国内食品价格水平的传播过程:孟加拉国的案例

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The world experienced in dramatic price surge of food commodities since mid of 2007 to 2008. It was claimed that the crisis were being mainly for backdrop of global shocks in food and energy price. But how the shocks come to domestic market from external sources is a researchable phenomenon. Surprisingly few attempts have been made to systematically analysis of shock transmission from international to domestic market. The study analyzed the effect of global commodity market factors and domestic exchange rate development on domestic food price in Bangladesh. A bi-variants co-integration approach was applied for the analysis of shock transmission. Finally an error correction model was developed. The overall magnitudes of the pass through suggest that only 46 per cent of the total world shock pass-through in domestic economy.
机译:自2007年中至2008年,世界粮食商品价格出现了大幅上涨。据称,这场危机主要是全球粮食和能源价格震荡的背景。但是,冲击如何从外部来源进入国内市场是一个可研究的现象。令人惊讶的是,很少有人尝试系统地分析从国际市场到国内市场的冲击传递。该研究分析了全球商品市场因素和国内汇率发展对孟加拉国国内食品价格的影响。采用双变量协整方法分析冲击传递。最后,开发了一个纠错模型。传递的总体幅度表明,国内经济中仅46%的世界冲击传递通过。

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