Underlying Trends and International Price Transmission of Agricultural Commodities

Arbeitspapier

This paper examines the extent to which increases in international food prices during the past few years have been transmitted to domestic prices in selected Asian developing countries. In analyzing the historical data, evidence on price transmission for important food commodities such as rice, wheat, and edible oil have been considered. The price transmission elasticity has been estimated using regression models coupled with recent econometric techniques such as unit root tests and error correction models with threshold adjustment. Finally, the paper draws some policy implications from the empirical results. This study provides the numerical estimates on the empirical relationship between international prices and domestic prices. The analysis uses commodity-specific monthly data rather than annual data during a period of substantial policy reforms in order to understand both long-run and short-run relationships between world and domestic prices.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ADB Economics Working Paper Series ; No. 257

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes ; Agriculture: Aggregate Supply and Demand Analysis; Prices
• Thema: Global commodity crises ; International food prices ; Domestic food prices ; Price transmission ; Commodity price trends ; Agricultural commodities ; Agrarpreis ; International ; Lebensmittelpreis ; Reis ; Speisefett ; Weizen ; Welt

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Ghoshray, Atanu
• Ereignis: Veröffentlichung
• (wer): Asian Development Bank (ADB)
• (wo): Manila
• (wann): 2011

Weitere Informationen

• Handle: http://hdl.handle.net/10419/109389
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ