Spatial market integration and price transmission in major potato markets of Panjab, Pakistan

Autor:	Sultan Ali Adil, Sarfraz Hassan, Muhammad Khalid Bashir, Tanvir Khaliq Shami
Rok vydání:	2020
Předmět:	Competition (economics) Error correction model Market integration Multidisciplinary Economic interventionism Law of one price Collusion Economics Pairwise comparison Agricultural economics Asymmetric price transmission
Zdroj:	Indian Journal of Science and Technology. 13:2328-2335
ISSN:	0974-5645 0974-6846
Popis:	Background/ Objectives: This study investigated market integration and asymmetric price transmission in the potato markets for the seven major Potato markets, i.e., Okara, Faisalabad, Sargodha, Lahore, Gujranwala, Multan, and Rawalpindi in the province of Punjab, Pakistan. Methods/Statistical analysis: The study estimated the data by using the Johansen Co-integration (JJ) technique, vector error correction model, and Vector autoregressive (VAR) model. Findings: The empirical results show as major Potato markets are integrated, i.e., there exist the law of one price. These findings also supported the results of the Granger causality analysis. The results of pairwise granger casualty show the direction of price transmission between the selected Potato markets in Punjab, Pakistan. Application: These results suggest for market integration and competition rather than collusion in Potato markets in Punjab, Pakistan, and provide little justification for government intervention designed to improve competitiveness or to enhance market efficiency. Keywords: Market integration; Potato; Co-integration; Causality
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::da975fe4fac7cd7ecb68535a0f5f59b5 https://doi.org/10.17485/ijst/v13i23.411 Zobrazit plný text záznamu