Work

The Impact of Energy Price Fluctuations on Grain Circulation Efficiency in the Context of Geopolitical Conflicts: An Empirical Test Based on Double Machine Learning

Year: 2026

Type: article

Abstract: Geopolitical conflicts continue to disrupt global energy supply chains, causing sharp changes in energy prices. These changes reshape the cost structure and efficiency levels of grain circulation. Based on panel data from 30 Chinese provinces covering 2011–2022, this study constructs a proxy for grain circulation efficiency using a resource misallocation framework and counterfactual decomposition. We employ panel threshold regression and double machine learning methods to systematically examine the nonlinear impact of energy price levels on grain circulation efficiency and to reveal regional differences. The findings are as follows: (1) Energy price levels exhibit a significant single-threshold effect. When energy prices remain within a low range, rising prices exert a positive technology push effect; beyond the threshold, a cost-squeeze suppression dominates. (2) The eastern region shows the highest tolerance for price increases, whereas the western region has the lowest tolerance, with the central region falling in between. (3) Double machine learning feature importance analysis reveals that research and experimental development investment and economic development are the dominant factors affecting agricultural product circulation efficiency in the eastern region; water consumption and capital stock are the key factors in the central region; and energy prices, foreign trade dependence, and infrastructure are the most sensitive factors in the western region. This study provides empirical evidence for designing differentiated regional circulation policies and enhancing the resilience of the grain circulation system.

Source: Energies

DOI: 10.3390/en19112573

Authors: Huimin Ma, Fangming Xie, Ziye Li, Yuqing Wang, Jingyi Zhou

Institution: Xuzhou University of Technology

Language: English

Topic: Economics of Agriculture and Food Markets

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Zero hunger, Affordable and clean energy, Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $3,137