Measuring food sovereignty of sunflower oil in Egypt (Toda-Yamamoto causality test) | ||
| Fayoum Journal of Agricultural Research and Development | ||
| Volume 38, Issue 4, November 2024, Pages 592-601 PDF (661.26 K) | ||
| Document Type: Research articles. | ||
| DOI: 10.21608/fjard.2024.306790.1059 | ||
| Authors | ||
| Samar Thabet; Sherin Sherif; Nashwa Eltatawy; Mai M. Morsi* | ||
| Economics and Agribusiness Department, Faculty of Agriculture, Alexandria, Alexandria University | ||
| Abstract | ||
| The research attempts to answer the following question: “Can food sovereignty from sunflower oil be achieved in Egypt in the long term?” Or “Is it possible to achieve a long-term balanced relationship between the quantity of sunflower oil production and its price in Egypt?” The research relied on the use of the Toda-Yamamoto methodology to estimate long-term causality between the quantity of sunflower oil production as a dependent variable and the real wholesale price of sunflower oil, As an independent variable. the research found a two-way causal relationship between the wholesale price of sunflower oil in logarithmic form as a dependent variable (LNRP) and the quantity of sunflower oil production in logarithmic form as an independent variable (LNPRO) in the long run. It has also been shown that the short-term imbalances between the two variables are decreasing. By about 72% annually, which means reaching a state of equilibrium in the long term within approximately a year and a half. | ||
| Keywords | ||
| Toda-Yamamoto; Food sovereignty; Sunflower oil; Time series analysis | ||
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