Analyzing the Philippines inter-regional market integration for rice

• Main Author: Rufino, Cesar C.
• Format: text
• Published: Animo Repository 2011
• Subjects: Rice—Philippines—Marketing; Marketing channels > Philippines; Agricultural and Resource Economics; Economics
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/582
• Institution: De La Salle University

This study examines the existence of the spatial market integration of the different pairs of regional rice markets in the Philippines. By employing modern time series econometric techniques, it uncovered compelling pieces of evidence of strong steady state linkages of the various pair wise combinations of regional markets, with only an insignificant few segregated routes. The main conclusion that was drawn from various inference procedures undertaken in the study is that, despite the geographic segregation of the regional rice markets, and the presence of fragmented and often inefficient distribution system, price signals and other market information are being transmitted efficiently across the markets, thus negating the potential occurrences of unexploited arbitrage opportunities. © EuroJournals Publishing, Inc. 2011.