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Cointegration Analysis of Rural Wheat Markets in Northern Bangladesh

Mohammad Ismail Hossain|Eleni Papadopoulou|Mst. Esmat Ara Begum
정석물류통상연구원 (Jungseok Research Institute of International Logistics and Trade)|2011.12|Journal of International Logistics and Trade|제9권 제2호|pp. 77-97|DOI 10.24006/jilt.2011.9.2.004

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참고문헌

키워드

Price cointegration

초록

This paper examines the cointegration of wheat market prices in Northern Bangladesh. Results are based on weekly wholesale price data on wheat collected from the Department of Agricultural Marketing (DAM) in eight markets in the Rangpur division of Northern Bangladesh. The data has 208 observations for wheat in each of the eight markets ranging over a period of January 2006 to December 2009. Johansen’s cointegration test reveals that most of the wholesale markets of wheat in the Rangpur division are co-integrated which indicates that price signals and information are transmitted smoothly across the markets. The discovery of the market integration appears to be quite significant for the success of price policy and market liberalization programs which are being undertaken in Bangladesh.

Abstract

This paper examines the cointegration of wheat market prices in Northern Bangladesh. Results are based on weekly wholesale price data on wheat collected from the Department of Agricultural Marketing (DAM) in eight markets in the Rangpur division of Northern Bangladesh. The data has 208 observations for wheat in each of the eight markets ranging over a period of January 2006 to December 2009. Johansen’s cointegration test reveals that most of the wholesale markets of wheat in the Rangpur division are co-integrated which indicates that price signals and information are transmitted smoothly across the markets. The discovery of the market integration appears to be quite significant for the success of price policy and market liberalization programs which are being undertaken in Bangladesh.

참고문헌 (37)

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관련 논문AI추천

AGRICULTURAL POLICY REFORMS AND SPATIAL INTEGRATION OF FOOD GRAIN MARKETS IN INDIAMADHUSUDAN GHOSH경제연구소 · Journal of Economic Development2011 · 제36권 제2호SECTORAL CO-INTEGRATION AND THE ROLE OF AGRICULTURE IN BANGLADESHAnastasiosSemos, Eleni Papadopoulou, Mohammad Ismail Hossain정석물류통상연구원 · Journal of International Logistics and Trade2012 · 제10권 제3호Farmers and private traders response to rice markets liberalization in BangladeshMohammad Ismail Hossain, Wim Verbeke정석물류통상연구원 · Journal of International Logistics and Trade2008 · 제6권 제1호Price Transmission Channels of Energy and Exchange Rate on Food Sector: A Disaggregated Approach based on Stage of Process구원회, 권대흠재단법인 에너지경제연구원 · 에너지경제연구2013 · 제12권 제1호An Asymmetric Price Transmission Analysis in the U.S. Pork Market Using Threshold Co-integration Analysis윤종열, Scott Brown한국농촌경제연구원 · 농촌경제2018 · 제41권 제4호THE EFFECTS OF COMPETITION ON U.S. WHEAT MARKET SHARES IN EAST ASIA진현정경제연구소 · Journal of Economic Development2010 · 제35권 제2호

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