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Energy and Food Security: Linkages through Price Volatility

机译：能源与粮食安全：通过价格波动建立联系

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This study examines the linkages between energy price and food prices over the period 2000-2016 by using a Panel-VAR model in the case of eight Asian economies. Our results confirm that energy price (oil price) has a significant impact on food prices. According to the results of impulse response functions, agricultural food prices respond positively to any shock from oil prices. Our results show that there is a linkage between energy and food security through price volatility. Since inflation in oil price is harmful for food security, it would be necessary to diversify the energy consumption in this sector, from too much reliance on fossil fuels to an optimal combination of renewable and nonrenewable energy resources that will be in favor of not only the energy security by also the food security. In addition, the paper found that the impact of biofuel prices on food prices is statistically significant but explains less than 2% of the food price variance. However, by increasing the demand for biofuel, there should be more concern about the global increase in agricultural commodities prices and endangering food security, especially in vulnerable economies.
机译：这项研究通过使用Panel-VAR模型研究了八个亚洲经济体在2000-2016年期间的能源价格和食品价格之间的联系。我们的结果证实，能源价格（石油价格）对食品价格有重大影响。根据冲激响应函数的结果，农产品价格对石油价格的任何冲击都具有积极的反应。我们的结果表明，通过价格波动，能源与粮食安全之间存在联系。由于油价上涨对粮食安全有害，因此有必要使该部门的能源消耗多样化，从对化石燃料的过度依赖到可再生能源和不可再生能源的最佳组合，这不仅有利于能源。能源安全也取决于粮食安全。此外，该论文发现生物燃料价格对食品价格的影响在统计上是显着的，但解释了不到2％的食品价格差异。但是，通过增加对生物燃料的需求，应该更加关注全球农产品价格上涨和危及粮食安全的问题，特别是在脆弱的经济体中。

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