Arbeitspapier
Asymmetric Price Transmission in Indonesia's Wheat Flour Market
Data indicate that its domestic price in Indonesia has been increasing regardless of movements in the international price of wheat. A test for asymmetric price transmission from international wheat to domestic wheat flour markets is conducted using an error correction model and find the presence of asymmetric price transmission. The upward adjustment in the domestic price of wheat flour is much faster than its adjustment downward when it deviates from long-run equilibrium. Our results are robust to use of disaggregated data as well as to inclusion of additional of control variables such as prices of other inputs. We argue that asymmetric transmission occurs due to market concentration of wheat flour milling. We offer some policy suggestions for correcting these.
- Sprache
-
Englisch
- Erschienen in
-
Series: ADB Economics Working Paper Series ; No. 394
- Klassifikation
-
Wirtschaft
Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
Production, Pricing, and Market Structure; Size Distribution of Firms
Agriculture: Aggregate Supply and Demand Analysis; Prices
Agricultural Markets and Marketing; Cooperatives; Agribusiness
Agriculture in International Trade
- Thema
-
spatial integration
asymmetric price transmission
monopolistic competition
commodity prices
agricultural market
wheat flour
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Varela, Gonzalo J.
Taniguchi, Kiyoshi
- Ereignis
-
Veröffentlichung
- (wer)
-
Asian Development Bank (ADB)
- (wo)
-
Manila
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Varela, Gonzalo J.
- Taniguchi, Kiyoshi
- Asian Development Bank (ADB)
Entstanden
- 2014
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