Does Agriculture Responds Asymmetrically to Oil Price Change

Li Hong Wang; Bao Guo Wang; Gui Feng Liu; Zhi Hong Tian

doi:10.4028/www.scientific.net/AMR.347-353.10

Paper Titles

Preface and Committees

Estimating Pore Pressure in HPHT Wells in Yinggehai Basin, China Based on Hierarchical Eaton's Method
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Does Agriculture Responds Asymmetrically to Oil Price Change
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Based on Artificial Neural Network Modeling of White Birch Natural Forest at Daqing Mountain in Inner Mongolia
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Analysis of the Electromagnetic Characteristics and Study on Measuring the Hysteresis Torque Experiment for the Yarn Tensioner
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Data Acquisition and Remote Transmission System for Solar Chimney Power Generation Testing Apparatus
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Emipirical Evidence of Causality between Electricity and Economy
p.32

Research on Toxicity Character of Cathode Ray Tubes Using Modified Dynamic Toxicity Characteristic Leaching Procedure
p.36

Effect of Top-Layer Thickness on Residual Stresses of Plasma-Spraying Sm₂Zr₂O₇/YSZ Thermal Barrier Coatings
p.40

HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 347-353Does Agriculture Responds Asymmetrically to Oil...

Does Agriculture Responds Asymmetrically to Oil Price Change

Abstract:

This paper analyzes the impact of the rise and decline of the oil prices on the agricultural diesel prices, and interviews the reasons and effects. The results show that the rise of the oil price is the major factor that impacts on diesel price change, that is to say, the price of diesel oil price goes up with the rise of oil price, however, it does not fall with the decline of oil price in short term. Possible explanations for these results are offered. The most important one is that the monopoly market structure of agricultural diesel and oil is the main reason why the agricultural diesel price responds asymmetrically to oil price change. And it gives some advice to find out a way to cope with the inconsistency between agricultural production and the oil price.

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Periodical:

Advanced Materials Research (Volumes 347-353)

Pages:

10-15

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.347-353.10

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Online since:

October 2011

Authors:

Li Hong Wang, Bao Guo Wang, Gui Feng Liu, Zhi Hong Tian

Keywords:

Agriculture, Asymmetric Price Response, EVCM Model, Oil Price

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