TITLE

TRANSMISSION EFFECT OF INTERNATIONAL RICE PRICE VOLATILITY ON CHINA MARKET

AUTHOR(S)
PRAMANIK, Majid; Lu QIAN
PUB. DATE
August 2013
SOURCE
Metalurgia International;2013 Special Issue Nr.8, Vol. 18, p134
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This paper aimed to make an empirical understanding on relationship between domestic and international rice markets on price volatility and their transmission effect by using error correction model and vector autoregressive model. The study carried out by using monthly data from February 2006 to March 2011. The results showed that the long term fluctuation of domestic rice price is mostly caused by inflation. In the short term, the variability of world rice price is the Granger cause of domestic rice fluctuation. When domestic rice price departs from equilibrium price by suffering some distraction then it will converge towards equilibrium state by an opposite force. World rice price affects domestic rice price through foreign trade and futures way has a more prominent transmission effect to domestic rice price.
ACCESSION #
88180397

 

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