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Underlying Trends and International Price Transmission of Agricultural Commodities
| Date: | May 2011 |
| Type: | Papers and Briefs |
| Series: | Economics Working Papers |
| ISSN: | 1655-5252 (print) |
Description
This paper conducts an empirical analysis of commodity prices. The aim of this paper is twofold: to study the underlying trends for selected international agricultural commodity prices, and to test for international price transmission employing the cointegration method in the presence of asymmetric error correction. Using commodity specific monthly data, 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.
Contents
- Introduction
- Institutional Background
- Theoretical Background and Previous Research
- Econometric Methodology
- Data and Empirics
- Policy Implications
- Conclusion
- Appendix
- References
