Market integration of selected cotton markets in Haryana

Autor:	R. S. Geetha, V. Mahesh, R. K. Grover
Rok vydání:	2019
Předmět:	Market integration Product (business) Granger causality Commodity Economics Unit root General Agricultural and Biological Sciences Augmented Dickey–Fuller test Domestic market Agricultural economics Supply and demand
Zdroj:	Agricultural Science Digest - A Research Journal. 38
ISSN:	0976-0547 0253-150X
Popis:	The present study aimed to paper the co-integration among the selected cotton markets in Haryana. The monthly data on prices of cotton were collected for the period from 2005-06 to 2016-17. The advanced econometric tools like ADF test, Johansen co-integration test and Granger Causality test were used to study market integration. The price series of commodity namely cotton in selected markets showed the consequences of unit root and were stationary at first difference. The long run equilibrium relationship among the selected markets indicated that these were integrated with each other. This implies that prices in domestic markets of Haryana move together in response to changes in the demand and supply and cost of a product. Granger Causality test resulted Dabwali market as lead cotton market because it influenced the prices of most of selected cotton markets.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::44363abe41801d95115540cd33155b3d https://doi.org/10.18805/ag.d-4846 Zobrazit plný text záznamu