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Linkage between World and Domestic Prices of Rice under the regime of Agricultural Trade Liberalization in Bangladesh AgEcon
Alam, Mohammad Jahangir; Buysse, Jeroen; McKenzie, Andrew M.; Wailes, Eric J.; Van Huylenbroeck, Guido.
The paper examines the relationship between the world market and domestic market prices of rice for Bangladesh in the regime of agricultural trade liberalization. The long run price relationship information is an important piece of information for the policy makers in formulating domestic polices and negotiating trade policies at the international level. The monthly data used for this study are taken from different sources, the Food outlook, FAO and Global Information and Early Warning System, FAO and the Bangladesh Bank for the period June 1998 to July 2007. Both Engle-Granger bi-variate and Johansen multivariate cointegration tests were used for the results sensitivity. We sequentially proceed to estimate the standard error correction model. The results...
Tipo: Conference Paper or Presentation Palavras-chave: Market integration; Domestic price; World price; Error correction model; Marketing.
Ano: 2010 URL: http://purl.umn.edu/58878
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