Do supply chain pressures affect consumer prices in major economies? New evidence from time-varying causality analysis
<p>This study explores the dynamic causality between the consumer price index and supply chain pressure index in two large economies. Despite extensive research into the role of supply chains at the firm level, the literature on their impact on time-varying inflation and macroeconomic stabilit...
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2024
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| _version_ | 1864513540023386112 |
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| author | Zouhair Mrabet (17863070) |
| author2 | Mouyad Alsamara (17823668) Karim Mimouni (17823671) Abdulkareem Awwad (22224985) |
| author2_role | author author author |
| author_facet | Zouhair Mrabet (17863070) Mouyad Alsamara (17823668) Karim Mimouni (17823671) Abdulkareem Awwad (22224985) |
| author_role | author |
| dc.creator.none.fl_str_mv | Zouhair Mrabet (17863070) Mouyad Alsamara (17823668) Karim Mimouni (17823671) Abdulkareem Awwad (22224985) |
| dc.date.none.fl_str_mv | 2024-12-04T12:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1016/j.econmod.2024.106914 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Do_supply_chain_pressures_affect_consumer_prices_in_major_economies_New_evidence_from_time-varying_causality_analysis/30094903 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Commerce, management, tourism and services Transportation, logistics and supply chains Economics Applied economics Econometrics Inflation Supply chain disruptions Dynamic causality Crises |
| dc.title.none.fl_str_mv | Do supply chain pressures affect consumer prices in major economies? New evidence from time-varying causality analysis |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p>This study explores the dynamic causality between the consumer price index and supply chain pressure index in two large economies. Despite extensive research into the role of supply chains at the firm level, the literature on their impact on time-varying inflation and macroeconomic stability is scarce. Using data from the United States and the European Union from January 2000 to December 2021, we employ novel time-varying causality techniques to examine the evolving relationships among inflation, supply chains, real gross domestic product, interest rates, and oil prices. Our findings show that supply chains have a significant dynamic relationship with consumer prices, particularly during economic crises like the 2008 global financial crisis and the COVID-19 pandemic. Robustness tests including impulse response functions and the autoregressive distributed lag model confirm this causality. These results are critical for policymakers, emphasizing the importance of supply chains in controlling inflation and achieving global economic resilience and stability.</p><h2>Other Information</h2> <p> Published in: Economic Modelling<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.econmod.2024.106914" target="_blank">https://dx.doi.org/10.1016/j.econmod.2024.106914</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_55554e8b86d90541f427277111bad5df |
| identifier_str_mv | 10.1016/j.econmod.2024.106914 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/30094903 |
| publishDate | 2024 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Do supply chain pressures affect consumer prices in major economies? New evidence from time-varying causality analysisZouhair Mrabet (17863070)Mouyad Alsamara (17823668)Karim Mimouni (17823671)Abdulkareem Awwad (22224985)Commerce, management, tourism and servicesTransportation, logistics and supply chainsEconomicsApplied economicsEconometricsInflationSupply chain disruptionsDynamic causalityCrises<p>This study explores the dynamic causality between the consumer price index and supply chain pressure index in two large economies. Despite extensive research into the role of supply chains at the firm level, the literature on their impact on time-varying inflation and macroeconomic stability is scarce. Using data from the United States and the European Union from January 2000 to December 2021, we employ novel time-varying causality techniques to examine the evolving relationships among inflation, supply chains, real gross domestic product, interest rates, and oil prices. Our findings show that supply chains have a significant dynamic relationship with consumer prices, particularly during economic crises like the 2008 global financial crisis and the COVID-19 pandemic. Robustness tests including impulse response functions and the autoregressive distributed lag model confirm this causality. These results are critical for policymakers, emphasizing the importance of supply chains in controlling inflation and achieving global economic resilience and stability.</p><h2>Other Information</h2> <p> Published in: Economic Modelling<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.econmod.2024.106914" target="_blank">https://dx.doi.org/10.1016/j.econmod.2024.106914</a></p>2024-12-04T12:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1016/j.econmod.2024.106914https://figshare.com/articles/journal_contribution/Do_supply_chain_pressures_affect_consumer_prices_in_major_economies_New_evidence_from_time-varying_causality_analysis/30094903CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/300949032024-12-04T12:00:00Z |
| spellingShingle | Do supply chain pressures affect consumer prices in major economies? New evidence from time-varying causality analysis Zouhair Mrabet (17863070) Commerce, management, tourism and services Transportation, logistics and supply chains Economics Applied economics Econometrics Inflation Supply chain disruptions Dynamic causality Crises |
| status_str | publishedVersion |
| title | Do supply chain pressures affect consumer prices in major economies? New evidence from time-varying causality analysis |
| title_full | Do supply chain pressures affect consumer prices in major economies? New evidence from time-varying causality analysis |
| title_fullStr | Do supply chain pressures affect consumer prices in major economies? New evidence from time-varying causality analysis |
| title_full_unstemmed | Do supply chain pressures affect consumer prices in major economies? New evidence from time-varying causality analysis |
| title_short | Do supply chain pressures affect consumer prices in major economies? New evidence from time-varying causality analysis |
| title_sort | Do supply chain pressures affect consumer prices in major economies? New evidence from time-varying causality analysis |
| topic | Commerce, management, tourism and services Transportation, logistics and supply chains Economics Applied economics Econometrics Inflation Supply chain disruptions Dynamic causality Crises |