Review Article
Commodity Food Prices: Review and Empirics
Table 4
Selection of studies supporting the Masters’ hypothesis.
| Studies | Object of investigation | Econometric approach | Time series range |
| [27] | Potential feedback loop of high food prices driven by excessive speculation | Rolling window Granger causality tests | 01/2002–02/2008 | [39] | Supply, demand, and market factors affecting food prices | OLS regression; rolling window Granger causality tests | 1/2002–06/2009 | [2] | Impacts of demand and supply shocks on commodity prices | Univariate Granger causality tests; regression analysis | 1971–2009 | [40] | Linkage between commodity markets; special focus on rice markets | Daily rolling window Granger causality tests | 31/12/1999–02/07/2008 |
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