| Autor: |
G Kotreshwar, Jyothi Shiva Kumar Nm |
| Rok vydání: |
2017 |
| Předmět: |
|
| Zdroj: |
Asian Journal of Research in Business Economics and Management. 7:72-85 |
| ISSN: |
2249-7307 |
| DOI: |
10.5958/2249-7307.2017.00041.x |
| Popis: |
Price volatility is the feature of commodity market, which has been proved so, irrespective of the commodities' spot and futures trading activities and ban periods in India. This study investigates the relationship between maize spot and futures market prices and analyses the nature of price discovery process in India's maize futures market. The research methodology involves the application of unit root test to find out the stationarity of data set and the application of co-integration and granger-causality test in order to analyse the long run and short run relationship respectively between maize futures and spot market prices. Further, in order to identify and quantify the impact of long term association, VECM-Vector Error Correction Model is applied. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
|
