Causal impact price transmission of the rice markets in Thailand
This paper analyses the causal impact price transmission among four different market levels of Thai rice over the period of 2001 to 2009. A co-integration analysis reveals that a long-run equilibrium relationship exists among farm gate, wholesale, retail, and export prices. Furthermore, significant...
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2017
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th-cmuir.6653943832-428222017-09-28T06:40:09Z Causal impact price transmission of the rice markets in Thailand Chulaphan W. Jatuporn C. Chen S. Jierwiriyapant P. This paper analyses the causal impact price transmission among four different market levels of Thai rice over the period of 2001 to 2009. A co-integration analysis reveals that a long-run equilibrium relationship exists among farm gate, wholesale, retail, and export prices. Furthermore, significant upstream and downstream causal relationships are identified based on Granger causality test. These results together with the Wald (X 2 ) coefficient test confirm that changes in farm gate prices provided the largest effect to export and wholesale prices, respectively. Consequently, exports are at a disadvantage when producer-oriented policies are launched. 2017-09-28T06:40:09Z 2017-09-28T06:40:09Z 2012-06-12 Conference Proceeding 2-s2.0-84861956079 10.2316/P.2012.769-051 https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84861956079&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/42822 |
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Chiang Mai University |
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Thailand |
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| description |
This paper analyses the causal impact price transmission among four different market levels of Thai rice over the period of 2001 to 2009. A co-integration analysis reveals that a long-run equilibrium relationship exists among farm gate, wholesale, retail, and export prices. Furthermore, significant upstream and downstream causal relationships are identified based on Granger causality test. These results together with the Wald (X 2 ) coefficient test confirm that changes in farm gate prices provided the largest effect to export and wholesale prices, respectively. Consequently, exports are at a disadvantage when producer-oriented policies are launched. |
| format |
Conference Proceeding |
| author |
Chulaphan W. Jatuporn C. Chen S. Jierwiriyapant P. |
| spellingShingle |
Chulaphan W. Jatuporn C. Chen S. Jierwiriyapant P. Causal impact price transmission of the rice markets in Thailand |
| author_facet |
Chulaphan W. Jatuporn C. Chen S. Jierwiriyapant P. |
| author_sort |
Chulaphan W. |
| title |
Causal impact price transmission of the rice markets in Thailand |
| title_short |
Causal impact price transmission of the rice markets in Thailand |
| title_full |
Causal impact price transmission of the rice markets in Thailand |
| title_fullStr |
Causal impact price transmission of the rice markets in Thailand |
| title_full_unstemmed |
Causal impact price transmission of the rice markets in Thailand |
| title_sort |
causal impact price transmission of the rice markets in thailand |
| publishDate |
2017 |
| url |
https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84861956079&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/42822 |
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1681422262401499136 |