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Title: | Cross -Commodity Price Linkages: A Cointegration Analysis of Food Markets in Java |
Author(s): | Idris, Hedi Muhammad |
Doctoral Committee Chair(s): | Nelson, G.C. |
Department / Program: | Agricultural and Consumer Economics |
Discipline: | Agricultural and Consumer Economics |
Degree Granting Institution: | University of Illinois at Urbana-Champaign |
Degree: | Ph.D. |
Genre: | Dissertation |
Subject(s): | Economics, Agricultural |
Abstract: | Finally, this study has shown that cross-commodity price linkages do exist and it is not due to the influence of the urea price. In cointegrated markets, competitive profit-seeking activities of commodities arbitragers occur. The process of arbitrage keeps prices in different commodity markets in alignment and makes for positive price correlations among different products. For example, a supply-induced increase in the price of rice, (i.e. a rice plant disease), can lead to an increase in demand for corn and cassava and hence rises in their prices. It also induces a market intervention from the governments. In conclusion, the results from this cointegration analysis implies that government can provide a more favorable food price stabilization policy environment that promotes economic efficiency. Meanwhile, the government should also create conducive market structure for private sector initiatives. |
Issue Date: | 2002 |
Type: | Text |
Language: | English |
Description: | 118 p. Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2002. |
URI: | http://hdl.handle.net/2142/82954 |
Other Identifier(s): | (MiAaPQ)AAI3044123 |
Date Available in IDEALS: | 2015-09-25 |
Date Deposited: | 2002 |
This item appears in the following Collection(s)
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Dissertations - Agricultural and Consumer Economics
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Graduate Dissertations and Theses at Illinois
Graduate Theses and Dissertations at Illinois