HETEROGENEOUS DEPENDENCE OF OIL-FOOD PRICE DYNAMICS IN AFRICA'S NET OIL-EXPORTING COUNTRIES

The determinants of food prices have attracted sizeable debates among scholars over the last three decades. However, many these studies ignore possibility that impact oil on could vary across price distribution. paper employs a quantile regression technique to ascertain whether respond potential heterogeneous crude changes in six selected African net oil-exporting countries. coefficient negative shocks panel OLS model is insignificant and positive at 5% significance level. In contrast, significantly affects for chosen analysis's empirical findings highlight diverse dependence effects various ranges prices. All coefficients are non-significant all quantiles shocks, conclusion consistent with least squares estimate results. Besides, prove affect magnitude article concludes influence variations subset Africa's this study crucial policy economic implications agents stakeholders fiscal environments. As result, must make timely decisions uncertainty market.