Market Integration and Price Transmission: A Case Study of Sugar Markets in India

被引：0

作者：

Sharma, Komal ^{[1
]}

Kumar, Virender ^{[1
]}

Gupta, Manoj ^{[1
]}

Devi, Nisha ^{[2
]}

Sharma, Aanchal ^{[3
]}

机构：

[1] CSKHPKV, Coll Agr, Extens Educ & Rural Sociol, Dept Agr Econ, Palampur 176062, Himachal Prades, India

[2] Dr YS Parmar UHF Nauni, Coll Forestry, Dept Social Sci, Solan 173230, Himachal Prades, India

[3] Panjab Univ, Dr APJ Abdul Kalam Comp Ctr, Chandigarh 160014, India

来源：

INDIAN JOURNAL OF ECONOMICS AND DEVELOPMENT | 2023年 / 19卷 / 03期

关键词：

Co-integration; Granger causality; instability; variance decomposition; TIME-SERIES; COINTEGRATION;

D O I：

10.35716/IJED-22454

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The current study analyzed the transmission and spatial integration of sugar prices in different markets (Nagpur, Agra, Bengaluru, Chennai, and Rajkot) from July 2010 to June 2020. The Cuddy Della-Valle index indicated that prices in all the selected markets were relatively stable, and the seasonality index revealed that farmers were receiving prices higher than the average in the majority of markets during this period. Johansen's cointegration test demonstrated that markets were well integrated in the long run. Bengaluru market was found as a key market, and there was a consistent price transmission pathway from the Bengaluru market to Nagpur and subsequently to Agra. Therefore, the study suggested that a more integrated market enabled better allocation of resources and increases overall efficiency in the agricultural sector.

引用

页码：566 / 573

页数：8

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