Volatility and Transmission of Shallot Commodity Prices in Indonesia

Autor:	Kholifatin Artika, Muhammad Firdaus, Tony Irawan
Rok vydání:	2019
Předmět:	010302 applied physics 0103 physical sciences 0202 electrical engineering electronic engineering information engineering Economics 020201 artificial intelligence & image processing 02 engineering and technology Monetary economics Volatility (finance) 01 natural sciences
Zdroj:	International Journal of Scientific Research in Science, Engineering and Technology. :50-61
ISSN:	2394-4099 2395-1990
DOI:	10.32628/ijsrset19657
Popis:	The shallot commodity has been becoming a strategic issue for the government nowadays because this commodity has contributed to inflation. The price volatility of shallots causes high price disparities between producers and consumers. This situation gives is detrimental more to farmers and consumers than to traders because it provides more opportunities for traders to manipulate information on price, so that price transmission becomes asymmetric. This paper discusses the price transmission of shallots between three players: farmers, wholesalers and retailers. This study used daily data from January 1st 2017 to December 31st 2017 which were analyzed using the ECM-EG method. The wald test results show that shallots commodities showed a price asymmetry in the short term in each marketing chain, namely between producers to wholesalers, wholesalers to retail and retail to producers. Whereas in the long run, the price asymmetry only exist on the wholesale-retail linkage. Meanwhile the transmission of long-term prices between producers to wholesalers, retail to producers in the long-term is symmetrical.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::c274c3c92cdb84ec67dc10e1f9589ce5 https://doi.org/10.32628/ijsrset19657 Zobrazit plný text záznamu