Perceptions of Transportation Services and Food Indexes in the US: An Investigation of Dynamic Connectedness

Abstract

This paper provides an empirical evaluation of and connectedness between transportation measures and measures related to the food industry as a pioneering study. This study uses monthly time-series data for the research exercise, including the United States from January 2000 until October 2021. The results might indicate that the connectedness between transportation and food measures is significant and worthy. In this work, it is going to be evaluated that the determination of the linkage between transportation measures and food measures, and the nature of connectedness parameters may have an important policy implication for policymakers, actors in the transportation and food sectors. The strong tendency to show a significant relationship running between variables and spillover should indicate the potentially important role of transportation in stimulating the food industry and vice versa.

Keywords

• food industry
• transportation mobility
• price indices
• connectedness
• gıda endüstrisi
• ulaşım hareketliliği
• fiyat endeksleri
• bağlantılılık