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Agricultural Price Transmission Across Space and Commodities During Price Bubbles AgEcon
Esposti, Roberto; Listorti, Giulia.
This paper analyses the horizontal transmission of cereal price shocks both across different market places and across different commodities. The analysis is carried out using Italian and international weekly spot (cash) price data and concentrating the attention on years 2006-2010, a period of generalized exceptional exuberance and consequent rapid drop of agricultural prices. The work aims at investigating how price transmission may be affected during price bubbles. The properties of price time series are firstly explored to assess which data generation process may have eventually produced the observed patterns. Secondly, the interdependence across prices is specified and estimated adopting appropriate cointegration techniques.
Tipo: Conference Paper or Presentation Palavras-chave: Price Transmission; Price Bubbles; Time Series Properties; Cointegration; Demand and Price Analysis; Q110; C320.
Ano: 2011 URL: http://purl.umn.edu/114338
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Border Effects on Spatial Price Transmission between Fresh Tomato Markets in Ghana and Burkina-Faso: Any Case for Promoting Trans-Border Trade in West Africa? AgEcon
Amikuzuno, Joseph.
Cross-border trade in food commodities within sub-regional economic blocks in Sub-Sahara Africa (SSA) is believed to be faster, cheaper, more convenient and welfare-enhancing than overseas trade between SSA countries and the USA, EU and the BRIC countries. The difficulty of commodity arbitrage across international borders SSA is however a fundamental constraint to price transmission, market integration and the realisation of the welfare-enhancing role of cross-border trade in Africa. This study examines the impact of border and distance on price transmission between tomato markets in Ghana and Burkina-Faso. The analysis applies a regime-switching vector error correction model to estimate semi-weekly, wholesale prices of tomato in four tomato markets in...
Tipo: Conference Paper or Presentation Palavras-chave: Price Transmission; Border; Tomato; Ghana; Burkina-Faso; Agribusiness; C32; Q11; Q13; Q17; Q18.
Ano: 2011 URL: http://purl.umn.edu/115519
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Border Effects on Spatial Price Transmission between Fresh Tomato Markets in Ghana and Burkina-Faso: Any Case for Promoting Trans-border Trade in West Africa? AgEcon
Amikuzuno, Joseph.
Cross-border trade in food commodities within sub-regional economic blocks in Sub-Sahara Africa (SSA) is believed to be faster, cheaper, more convenient and welfare-enhancing than trade between SSA countries and the USA or EU. The difficulty of commodity arbitrage across borders in SSA is however a fundamental impediment to price transmission, market integration and the realisation of the welfare-enhancing role of cross-border trade. This study examines the impact of border and distance on price transmission between tomato in Ghana and Burkina-Faso. The analysis applies a linear and a regime-switching vector error correction model to estimate wholesale prices of tomato in four tomato markets in Ghana and a producer market in Burkina-Faso. The estimated...
Tipo: Conference Paper or Presentation Palavras-chave: Price Transmission; Border; Tomato; Ghana; Burkina-Faso; International Relations/Trade; C32; Q11; Q13; Q17; Q18.
Ano: 2011 URL: http://purl.umn.edu/108943
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Econometric Analysis of Milk Value Chain AgEcon
Matulova, Katerina; Bubakova, Petra; Skubna, Ondrej; Taussigova, Tereza.
This article deals with the basic analysis of price transmission in the milk agri-food chain. The analysis is aimed at deriving the fundamental relationships between milk prices at the individual levels of the chosen vertical. The results are then validated with the use of statistical hypotheses testing. From the derived single equation models, it is clear that there is a strong difference in the leverage of individual factors influencing the price at different levels of the milk value chain. The results were elaborated within the research intention IVZ MSM 6046070906
Tipo: Journal Article Palavras-chave: Agri-food Chain; Milk; Price Transmission; Statistical Test; Demand and Price Analysis; Financial Economics; Research Methods/ Statistical Methods; GA; IN.
Ano: 2010 URL: http://purl.umn.edu/99222
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Inflationary Effect of Oil-Price Shocks in an Imperfect Market: A Partial Transmission Input-output Analysis AgEcon
Wu, Libo; Li, Jing; Zhang, ZhongXiang.
This paper aims to examine the impacts of oil-price shocks on China’s price levels. To that end, we develop a partial transmission input-output model that captures the uniqueness of the Chinese market. We hypothesize and simulate price control, market factors and technology substitution - the three main factors that restrict the functioning of a price pass-through mechanism during oil-price shocks. Using the models of both China and the U.S., we separate the impact of price control from those of other factors leading to China’s price stickiness under oil-price shocks. The results show a sharp contrast between China and the U.S., with price control in China significantly preventing oil-price shocks from spreading into its domestic inflation, especially in...
Tipo: Working or Discussion Paper Palavras-chave: Oil-price Shocks; Price Transmission; Price Control; Input-output Analysis; Inflation; Industrial Structure; China; The United States; Resource /Energy Economics and Policy; Q43; Q41; Q48; O13; O53; P22; E31.
Ano: 2011 URL: http://purl.umn.edu/102507
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Price Transmission Along the Canadian Beef Supply Chain and the Impact of BSE AgEcon
Saha, Bishnu; Mitura, Verna.
This study investigates the dynamics of price transmission between the Canadian beef markets along the supply chain and the impact of bovine spongiform encephalopathy (BSE) on prices. Retail price models are estimated for the provinces accounting for the major share of national demand, while farm price models are estimated for the beef cattle producing provinces. A model for the processing level is also estimated with national industrial prices of beef and provincial farm prices of beef cattle. The results indicate that retail beef prices in the major consuming provinces adjust either faster or at a greater magnitude to increases in industrial prices than to decreases. Furthermore, industrial prices adjust faster and at a greater magnitude in response to...
Tipo: Working or Discussion Paper Palavras-chave: Price Transmission; Beef Prices; BSE; Agricultural and Food Policy; Demand and Price Analysis.
Ano: 2008 URL: http://purl.umn.edu/54823
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Price Transmission in the German Sugar Market AgEcon
Nolte, Stephan; Natanelov, Valeri; Buysse, Jeroen; van Huylenbroeck, Guido.
The German sugar market is governed by the European Union’s common market organization (CMO). In 2006, the CMO was subject to its first major reform. Among others, the administered price for sugar was reduced by 36%. We use a data set with monthly prices for sugar and sugar containing products to perform a cointegration analysis. Results show that the reduction of the institutional price has led to a reduction of wholesale prices and of retail prices for table sugar. Prices for sugar containing products are barely integrated with the sugar price, though. Some are found to be integrated with the CPI for food and soft drinks. In none of the cases where linear cointegration could not be detected, threshold cointegration could be found.
Tipo: Presentation Palavras-chave: Sugar; EU’s Common Agricultural Policy; Price Transmission; Co-integration; Demand and Price Analysis; Marketing.
Ano: 2012 URL: http://purl.umn.edu/124351
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Spatial Integration and Asymmetric Price Transmission in Selected Iranian Chicken Markets AgEcon
Falsafian, Azadeh; Moghaddasi, Reza.
This study evaluates pattern of price adjustments in selected spatially separated chicken markets in Iran using weekly price data from 1998:17 to 2006:41 including 441 observations in total. The results of Tsay’s test suggest that threshold behavior characterize spatial price linkages among the selected markets that imply on using the threshold models. We use the multi-dimensional (two and three regime) threshold cointegration of TAR and M-TAR models. Our results confirm the different speed of adjustment in response to positive and negative shocks in every case. We also utilize impulse response function to investigate dynamic patterns of adjustments in response to shocks.
Tipo: Conference Paper or Presentation Palavras-chave: Spatial Integration; Price Transmission; Threshold Autoregression; Chicken; International Relations/Trade; Marketing.
Ano: 2008 URL: http://purl.umn.edu/44163
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The Impact of Coffee Price Changes on Rural Households in Uganda AgEcon
Bussolo, Maurizio; Godart, Olivier; Lay, Jann; Thiele, Rainer.
Based on household survey data, this paper investigates the impact on coffee and non-coffee households of the pronounced coffee price fluctuations in Uganda during the 1990s. As expected, the price boom of the early 1990s was associated with substantial poverty reduction for coffee farmers. More strikingly, their poverty incidence continued to go down when prices fell again. This may be explained by a combination of factors: first, coffee production increased after 1995, probably as a delayed response to improved price incentives; second, there is evidence of consumption smoothing among specialized coffee farmers; and third, coffee farmers diversified into alternative crops. Non-coffee farmers seem to have benefited from the income generated through the...
Tipo: Conference Paper or Presentation Palavras-chave: Coffee Price Changes; Price Transmission; Rural Households; Poverty Analysis; Uganda; Consumer/Household Economics; Demand and Price Analysis.
Ano: 2006 URL: http://purl.umn.edu/25345
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Transmisión de los precios internacionales del café y su relación con los precios que reciben los productores de la Sierra Norte de Puebla. Colegio de Postgraduados
Benítez García, Erika.
La presente investigación analizó las características de los productores de café, la comercialización y la relación que existe entre los precios internacionales del café, los precios que reciben los productores del aromático. Para la caracterización se utilizó una muestra de 103 unidades de producción de café, obtenidas mediante muestreo aleatorio simple, con entrevistas cara a cara. Los datos se analizaron con pruebas de diferencia de medias y chi cuadrada, en tanto que para la estimación de la integración de precios se utilizó el análisis de cointegración. La teoría del precio único (LOP) explica la integración de los mercados, en este caso, la convergencia de los precios del café entre México y Estados unidos. Los resultados indican que los precios...
Palavras-chave: Cointegración; Comercialización; Transmisión de Precios; Estratificación de Unidades de Producción; Cointegration; Marketing of Coffee; Price Transmission; Stratification of Production Units; Estrategias para el Desarrollo Agrícola Regional; EDAR; Maestría.
Ano: 2014 URL: http://hdl.handle.net/10521/2228
Registros recuperados: 10
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