농협공판장 사업으로 인한 도매시장 거래 활성화 효과 분석
Relationship between the Transactions and Trading Volume through the Commission Agency(Gongpanjang) of Farmers' Cooperatives in the Public Wholesale Markets
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In order to investigate the relationship between the trading volume through the commission agency of farmers’ cooperatives and the whole quantity transacted in the agricultural wholesale markets, causality tests based on panel Vector Autoregression and two-stage least square regression are employed in this paper. Estimation results indicate trading volume through commission agency of farmers’ cooperatives Granger-causes the quantity sold through private commission agency. 2SLS estimation results present the share of the quantity sold through the commission agency of farmers’ cooperative within total trading volume positively influence the whole quantity sold in the wholesale markets. These estimation results imply the commission agency of farmers’ cooperatives promotes competition and plays important role by providing expanded opportunities for farmers to sell the agricultural products to the wholesale markets.
Abstract
In order to investigate the relationship between the trading volume through the commission agency of farmers’ cooperatives and the whole quantity transacted in the agricultural wholesale markets, causality tests based on panel Vector Autoregression and two-stage least square regression are employed in this paper. Estimation results indicate trading volume through commission agency of farmers’ cooperatives Granger-causes the quantity sold through private commission agency. 2SLS estimation results present the share of the quantity sold through the commission agency of farmers’ cooperative within total trading volume positively influence the whole quantity sold in the wholesale markets. These estimation results imply the commission agency of farmers’ cooperatives promotes competition and plays important role by providing expanded opportunities for farmers to sell the agricultural products to the wholesale markets.
참고문헌 (14)
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