Price Changes in the Coffee Market

  1. What influences the coffee export price to different countries annually, from 2000 to 2019?
    Coffee export price (us$/kg) is dependent variable, the potential determinants are oil price, production quantity, employment rate of Agriculture, Agriculture Value Added (% of GDP), Control of Corruption, Temperature, Rainfall and Exchange Rate (USD to VND).
    I have already run the regression as you can see in the attached excel file. Please try to interpret the data.
  2. How does changes in coffee price influence the welfare of the nation in terms of undernourishment and GDP

Sample Solution