Data/hora: 08/06/2024 10:00:25

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | Price Transmission and Adjustment in the Ethiopian Coffee Market
Autores: | Alemu,   Zerihun Gudeta; Worako,   Tadesse Kumma.
Data: | 2009-06-15
Ano: | 2009
Palavras-chave: | Coffee; Ethiopia; Threshold vector error correction models; Nonlinearity; Demand and Price Analysis.
Resumo: | This study focused on the interrelationships among producer, auction and world prices. In so doing, it criticized previous studies and extended technique developed by Hansen (1999) to handle inferential biases occurring as a result of specification errors. The following results were found: unidirectional transmission of shocks from the world price to the auction price and then to the producer price; asymmetries in price transmissions and adjustments in the auction market; weak interrelationship between producer and world prices causing producer price to be less responsive to changes in the world prices. In general, results imply that coffee growers’ benefit little from positive changes in the world price compared with participants in the auction markets. This is true given the presence of information asymmetry in the coffee value chain characterized by increasing level of market concentration.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês
Identificador: | http://purl.umn.edu/51085

Relação:

International Association of Agricultural Economists&gt;2009 Conference, August 16-22, 2009, Beijing, China

Contributed Paper

570

Formato: | 16