INVESTIGATING THE RELATIONS BETWEEN COFFEE PRICES AND THE GROWTH OF SELECTED COFFEE EXPORTING COUNTRIES

dc.contributor.authorKuloğlu, Eşref
dc.contributor.authorAkar, Nuri Çağrı
dc.date.accessioned2024-10-04T19:05:27Z
dc.date.available2024-10-04T19:05:27Z
dc.date.issued2024
dc.departmentBayburt Üniversitesien_US
dc.description.abstractCoffee, one of the most important commodities traded in the world, is mainly grown in Latin America and Africa under certain altitudes and climatic conditions. In this study, causality relationships between world coffee prices and GDPs of four coffee producer countries, two from Latin America (Brazil and Colombia) and two from Africa (Kenya and Ethiopia), were tested. Using the series from 1981-2021, the relationships were investigated empirically with Engle-Granger cointegration analysis, error correction model, and Toda-Yamamoto causality methods. According to the analysis, while unidirectional causality between GDP and world coffee price was found for Brazil, Colombia, and Kenya, there was no causality for Ethiopia. As a result of the Engle-Granger cointegration analysis, which tests the long-term relationship, a significant relationship has been found between GDP and coffee prices for all selected countries. According to the results of the error correction model results model that tests the short-term relationship, the relationship between GDP and world coffee price is obtained for Brazil and Colombia. However, such a relationship could not be found in Kenya and Ethiopia.en_US
dc.identifier.doi10.53092/duiibfd.1399142
dc.identifier.endpage281en_US
dc.identifier.issn1309-4602
dc.identifier.issn2587-0106
dc.identifier.issue27en_US
dc.identifier.startpage268en_US
dc.identifier.trdizinid1239911en_US
dc.identifier.urihttps://doi.org/10.53092/duiibfd.1399142
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1239911
dc.identifier.urihttp://hdl.handle.net/20.500.12403/4428
dc.identifier.volume14en_US
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isoenen_US
dc.relation.ispartofDicle Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisien_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectCoffee Pricesen_US
dc.subjectToda-Yamamoto Causalityen_US
dc.subjectEngle-Granger Co-integrationen_US
dc.subjectError Correction Modelen_US
dc.titleINVESTIGATING THE RELATIONS BETWEEN COFFEE PRICES AND THE GROWTH OF SELECTED COFFEE EXPORTING COUNTRIESen_US
dc.typeArticleen_US

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