scholarly journals SPATIAL PRICE TRANSMISSION AND ASYMMETRIC ADJUSTMENT: THE CASE OF LOCAL AND IMPORTED RICE IN TOGO

2020 ◽  
Vol 96 (1) ◽  
pp. 71
Author(s):  
Tomgouani Lanie
Keyword(s):  
Price Transmission ◽  
Asymmetric Adjustment ◽  
Spatial Price

scholarly journals The Turkish wheat market: spatial price transmission and the impact of transaction costs

Agribusiness ◽  
2010 ◽  
Vol 27 (2) ◽  
pp. 147-161 ◽  
Author(s):  
Stephan Brosig ◽  
Thomas Glauben ◽  
Linde Götz ◽  
Enno-Burghard Weitzel ◽  
Ahmet Bayaner
Keyword(s):  
Transaction Costs ◽  
Price Transmission ◽  
Wheat Market ◽  
Spatial Price ◽  
The Impact

Market Integration and Spatial Price Transmission in Niger Grain Markets

2014 ◽  
Vol 26 (2) ◽  
pp. 264-273 ◽  
Author(s):  
Seydou Zakari ◽  
Liu Ying ◽  
Baohui Song
Keyword(s):  
Market Integration ◽  
Price Transmission ◽  
Grain Markets ◽  
Spatial Price

scholarly journals Price Transmission, Threshold Behavior, and Asymmetric Adjustment in the U.S. Pork Sector

2000 ◽  
Vol 32 (3) ◽  
pp. 543-553 ◽  
Author(s):  
Barry K. Goodwin ◽  
Daniel C. Harper
Keyword(s):  
Structural Changes ◽  
Marketing Channels ◽  
Price Transmission ◽  
Price Adjustment ◽  
Threshold Behavior ◽  
Asymmetric Adjustment ◽  
Price Shocks ◽  
Retail Markets ◽  
The Us ◽  
Pork Sector

AbstractThe US pork sector has experienced many significant structural changes in recent years. Such changes may have influenced price dynamics and transmission of shocks through marketing channels. We investigate linkages among farm, wholesale, and retail markets using weekly price data for the period covering 1987 through 1998. Our analysis uses a threshold cointegration model that permits asymmetric adjustment to positive and negative price shocks. Our results reveal important asymmetries. Our results are consistent with existing literature which has determined that price adjustment patterns are unidirectional and that information tends to flow from farm, to wholesale, to retail markets.

scholarly journals Asymmetric Price Transmission of World Prices to Kenyan Tea Market

2020 ◽  
Author(s):  
Vincent Ngeno
Keyword(s):  
Price Transmission ◽  
Asymmetric Adjustment ◽  
Close Link ◽  
Empirical Results ◽  
Current Period ◽  
Long Run ◽  
Asymmetric Price Transmission ◽  
The World ◽  
Domestic Prices ◽  
Short Run

Abstract The use of asymmetrical threshold cointegration test is adopted in this study to investigate whether any significant relationship or asymmetric adjustment exists in transmission of prices between the world tea market and domestic prices in Kenya. The empirical results obtained are as follows. First, we verify a close link between the Kenya’s tea price and its international counterparts under the current period of market liberalization. Second, empirical results demonstrate that in both long run and short run, the price transmission between world tea market and Kenyan domestic market are nonlinear and asymmetric, suggesting long run and short run dynamic inefficiencies and presence of transaction costs.JEL classification: C32, Q13, Q17

scholarly journals The role of fuel prices in spatial price transmission between horticultural markets: empirical analysis from a developing country

2021 ◽  
Vol 53 (2) ◽  
pp. 193-203
Author(s):  
Rodrigo Andres Valdes Salazar
Keyword(s):  
Major Effect ◽  
Price Transmission ◽  
Fuel Price ◽  
Fuel Prices ◽  
Transmission Parameters ◽  
Short Run ◽  
Spatial Price ◽  
Equilibrium Relationships ◽  
Marketing Costs ◽  
Market Distance

This article aims to analyze how fuel prices impact spatial price transmission between two Chilean horticultural wholesale markets. We implement a regime-dependent VECM where price transmission parameters depend on dynamics imposed by a stationary exogenous variable (fuel price). We identified two price transmission regimes characterized by different equilibrium relationships and short-run adjustment processes. This implies that fuel prices affect price transmission elasticities and intermarket adjustment speeds. Our results show increasing marketing costs as farm to market distance grows. This impact depends on each product’s attributes. Highlights This article analyzes the effect of fuel prices on the price transmission mechanism between the most relevant Chilean horticultural wholesale markets. A regime-dependent Vector Error Correction Model where price transmission parameters depend on fuel price was implemented. Clear evidence of the role played by fuel prices for in horizontal price transmission between the wholesale markets considered in this study was found. This situation supports the idea that regardless of quantities traded in regional markets, the major effect of price adjustment is a result of the high demand, distances and market concentration of a central market. This impact depends on each product’s attributes.

The Effect of ICT-Based Market Information Services on the Performance of Agricultural Markets

2013 ◽  
pp. 59-71
Author(s):  
Irene S. Egyir ◽  
Ramatu M. Al-Hassan ◽  
James K. Abakah
Keyword(s):  
Autoregressive Model ◽  
Marked Reduction ◽  
Information Services ◽  
Price Transmission ◽  
Transport Infrastructure ◽  
Transactions Costs ◽  
Market Information ◽  
Threshold Autoregressive ◽  
Threshold Autoregressive Model ◽  
Spatial Price

This study is concerned with how markets of agricultural commodities have responded to the improved ICT-based market information services in Ghana since 2005. The data employed are monthly prices wholesale from 2001-2010, covering four markets in the Northern and Greater Accra regions. The data was used to estimate a threshold autoregressive model to measure the level of spatial price integration between the four markets, and focusing on maize. In addition, data on market structure and conduct was collected from 486 marketers to explain performance indicators. The study finds that, the speed of price transmission in maize markets increased by 6 percent after 2005, however there has not been marked reduction in transactions costs. Despite increased use of the mobile phone, market-based exchanges still rely heavily on visual inspection. The implication is that more should be done to improve transport infrastructure and to ensure enforcement of standardization rules.

scholarly journals Price transmission and asymmetric adjustment in the Spanish dairy sector

2003 ◽  
Vol 35 (18) ◽  
pp. 1889-1899 ◽  
Author(s):  
Teresa Serra ◽  
Barry K. Goodwin
Keyword(s):  
Price Transmission ◽  
Asymmetric Adjustment
Sign in / Sign up

Export Citation Format

Share Document