Download or read book Detecting threshold effects in price transmission written by Traore, Fousseini and published by Intl Food Policy Res Inst. This book was released on 2021-10-29 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The analysis of price transmission plays a key role in understanding markets integration. This helps identify the nature of the relationship between geographically distant markets and cross-commodity price transmission, as well as the impact of liberalization policies and the identification of regions exposed to systemic shocks. This technical note contributes to the debate between symmetric and asymmetric price transmission and proposes to present the traditional and new approaches for detecting threshold effects in price transmission while focusing on their advantages and limitations. There is no one-size-fits-all method to detect threshold effects in price transmission. Experts need to select a combination of elements (context of study, the economy under consideration, data availability…) to justify the relevancy of their choice. Beyond the presentation of the methods for detecting thresholds in price transmission, we perform an application in the case of the rice market in Senegal. The results support the evidence of an asymmetric price transmission between world and domestic prices in the short-run and a symmetric transmission in the long-run.
Download or read book Threshold Effects in Price Transmission written by Kelvin Balcombe and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent studies into price transmission have recognized the important role played by transport and transaction costs. Threshold models are one approach to accommodate such costs. We develop a generalized Threshold Error Correction Model to test for the presence and form of threshold behavior in price transmission that is symmetric around equilibrium. We use monthly wheat, maize, and soya prices from the United States, Argentina, and Brazil to demonstrate this model. Classical estimation of these generalized models can present challenges but Bayesian techniques avoid many of these problems. Evidence for thresholds is found in three of the five commodity price pairs investigated.
Download or read book Threshold Effects in Price Transmission written by Kelvin G. Balcombe and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent studies into price transmission have recognized the important role played by transport and transaction costs. Threshold models are one approach to accommodate such costs. We develop a generalized Threshold Error Correction Model to test for the presence and form of threshold behavior in price transmission that is symmetric around equilibrium. We use monthly wheat, maize, and soya prices from the United States, Argentina, and Brazil to demonstrate this model. Classical estimation of these generalized models can present challenges but Bayesian techniques avoid many of these problems. Evidence for thresholds is found in three of the five commodity price pairs investigated.
Download or read book A dynamic spatial model of agricultural price transmission written by Goundan, Anatole and published by Intl Food Policy Res Inst. This book was released on 2016-06-09 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spatial interactions are essential drivers of price transmission mechanisms and may significantly affect any food’s policy outcomes. However, spatial aspects seem to be generally overlooked when analyzing price transmission. This paper attempts to fill this gap by highlighting the usefulness of spatial interaction and models for market integration analysis. A spatial dynamic panel datamodel is presented and applied to Niger’s millet market. Empirical results show that (1) the millet market is partly integrated, (2) locally traded commodities (millet and sorghum) are linked by a cross-commodity price transmission, (3) most imported cereals prices, which for Niger is maize and rice, did not affect the millet market, and (4) no cross-regions price transmissionoccurred for the millet market.
Download or read book Price Transmission Analysis in the Italian Feed Industry written by Federico Antonioli and published by . This book was released on 2018 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than half of total production costs for dairy producers is represented by feed, whose price level strongly depends on maize price patterns. However, the literature paid no attention to this vertical price transmission dynamics. This paper tries to fill the gap by investigating the interrelationship between Italian maize and feed prices, proposing a novel two-regime threshold-cointegration model where regimes are triggered by an observable transition variable. The latter accounts for both fundamental and non-fundamental drivers that recent literature found to be potential triggers influencing the transmission process. Empirical results suggest that the impact of non-fundamentals, especially financialization and energy price, is quite weak, whereas market fundamentals still play a significant role in shaping the price transmission dynamics. Furthermore, the cointegration relationship is found to be non-continuous, with several interruptions.
Download or read book The Transmission of Exchange Rate Changes to Agricultural Prices written by William Liefert and published by DIANE Publishing. This book was released on 2009 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Movements in exchange rates can change the prices of goods faced by producers and consumers and thereby affect incentives to produce, consume, and trade goods. Exchange rate changes, however, might not be completely transmitted (passed through) to domestic prices. Price and exchange rate transmission for ag. products is low in most developing economies, partly because of trade policies but also because of inadequate infrastructure and other market deficiencies. During the last 20 years, developed and developing countries have moved away from support policies that impede price and exchange rate transmission toward trade policies that allow transmission, such as tariffs. However, market deficiencies remain as a cause of incomplete transmission. Illus.
Download or read book Agricultural Markets Instability written by Alberto Garrido and published by Routledge. This book was released on 2016-01-08 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the financial and food price crises of 2007, market instability has been a topic of major concern to agricultural economists and policy professionals. This volume provides an overview of the key issues surrounding food prices volatility, focusing primarily on drivers, long-term implications of volatility and its impacts on food chains and consumers. The book explores which factors and drivers are volatility-increasing and which others are price level-increasing, and whether these two distinctive effects can be identified and measured. It considers the extent to which increasing instability affects agents in the value chain, as well as the actual impacts on the most vulnerable households in the EU and in selected developing countries. It also analyses which policies are more effective to avert and mitigate the effects of instability. Developed from the work of the European-based ULYSSES project, the book synthesises the most recent literature on the topic and presents the views of practitioners, businesses, NGOs and farmers' organizations. It draws policy responses and recommendations for policy makers at both European and on international levels.
Download or read book Non Linear Price Transmission Between Gasoline Prices and Crude Oil Prices written by Tigran Poghosyan and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses the adjustment of gasoline prices in response to shocks in crude oil prices. We show that the nature of the dynamic relationship between crude oil and gasoline prices changes in February 1999. For the pre-February 1999 and the post-February 1999 sample we estimate a Threshold Vector Error-Correction Model for US gasoline prices and crude oil prices. We find evidence for a threshold effect after February 1999. The results indicate that firms adjust prices only if the deviations from the long-term equilibrium between the price of crude oil and gasoline is large enough. However, it is not the crude oil price that adjusts but the price of gasoline. Unlike the pre-February 1999 period, short-run changes in both prices tend to reinforce each other driving up the price of crude oil and gasoline.
Download or read book Threshold Effects in Intraday Trading Volume written by Lynn Phillips Kugele and published by . This book was released on 1998 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Intelligent Environments 2021 written by M. Luštrek and published by IOS Press. This book was released on 2021-07 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intelligent environments (IE) combine physical spaces with ICT and pervasive technology to improve a user’s awareness of their surroundings, empower them to carry out tasks, enrich their experience, and enhance their ability to manage such environments. A growing community, from academia to practitioners, is working to bring intelligent environments to life. This work is driven by the innovative ideas and technological progress that are making the sensors and computing devices required for intelligent environments more affordable and energy-efficient. This book presents papers from Workshops held during the 17th International Conference on Intelligent Environments, IE2021. The conference was due to take place in Dubai, UAE, but was held as a virtual event from 21 to 24 June 2021 due to the restrictions associated with the Covid-19 pandemic. Included here are the proceedings of the 10th International Workshop on the Reliability of Intelligent Environments (WoRIE’21), the 3rd International Workshop on Intelligent Environments and Buildings (IEB’21), the 1st International Workshop on Self-Learning in Intelligent Environments (SeLIE’21), and the 1st International Workshop on Artificial Intelligence and Machine Learning for Emerging Topics (ALLEGET’21). The contributions to these workshops reflect the multi-disciplinary and transversal aspects of intelligent environments, and cover the latest research and development in intelligent environments and related areas, focusing on pushing the boundaries and contributing to the establishment of intelligent environments in the real world. Offering a state-of-the-art overview of current progress, the book will be of particular interest to all those working in the field of intelligent environments.
Download or read book Inflation Dynamics in South Africa written by Eliphas Ndou and published by Springer. This book was released on 2017-02-21 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive empirical analysis of South African inflation dynamics, using a variety of techniques including counterfactual analysis. The authors elaborate the roles in inflation of thresholds, nonlinearities and asymmetries introduced by economic conditions such as the size of exchange rate changes and volatility, GDP growth, inflation, output gap, credit growth, sovereign spreads and fiscal policy, providing new policy evidence on the impact of these. Ndou and Gumata apply techniques to determine the prevalence of updating inflation expectations, and reconsider the propagation effects of a number of inflation risk factors. Asking to what extent the evidence points to a need to enforce price stability and the anchoring of inflation expectation, the book fills existing gaps in South African Policy, and maintains a clear argument that price stability is consistent with the 3 to 6 per cent inflation target range, and that threshold application should form an important aspect of policy analysis in periods of macroeconomic uncertainty. As such, the book serves as an excellent reference text for academic and policy discussions alike.
Download or read book Supermarkets and the Meat Supply Chain The Economic Impact of Food Retail on Farmers Processors and Consumers written by OECD and published by OECD Publishing. This book was released on 2006-09-21 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the economic impacts of increasing retailer concentration on consumers, processors and farmers.
Download or read book Achieving Price Financial and Macro Economic Stability in South Africa written by Nombulelo Gumata and published by Springer Nature. This book was released on 2021-05-27 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the macro-financial effects of central bank balance sheets, macro-prudential tools, and financial regulation in South Africa. How employment can be maximised while keeping inflation low and stable is examined in relation to the structural changes required to alter the composition of South African bank balance sheets. Quantitative methods and approaches are utilised to highlight the impact of suggested policies. This book aims to outline strategies and policy interventions that can help achieve the National Development Plan in South Africa. It will be of interest to researchers and policymakers working within development economics, African economics, development finance, and financial policy.
Download or read book Food Price Volatility and Its Implications for Food Security and Policy written by Matthias Kalkuhl and published by Springer. This book was released on 2016-04-12 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides fresh insights into concepts, methods and new research findings on the causes of excessive food price volatility. It also discusses the implications for food security and policy responses to mitigate excessive volatility. The approaches applied by the contributors range from on-the-ground surveys, to panel econometrics and innovative high-frequency time series analysis as well as computational economics methods. It offers policy analysts and decision-makers guidance on dealing with extreme volatility.
Download or read book Spatial market integration of food markets during a shock Evidence from food markets in Nigeria written by Amare, Mulubrhan and published by Intl Food Policy Res Inst. This book was released on 2023-11-08 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses comprehensive and long time series monthly food price data and a panel dyadic regression framework to evaluate the impact of the COVID-19 pandemic and associated policy responses on spatial market integration across a diverse set of food items in Nigeria. The empirical results reveal several important insights. First, we show that a significant slowdown in the speed of adjustment and price transmission occurred during the pandemic. For some food items, the speed of adjustment and, by implication, spatial market integration weakened by two- to-threefold after the pandemic outbreak. The effect was specially pronounced for perishable food items. Second, lockdown measures and the spread of the pandemic triggered additional dispersion in market prices across markets. For example, lockdown measures were associated with a 5–10 percent reduction in the speed of readjustment toward long-term equilibrium. Third, additional underlying attributes of markets, including lack of access to digital infrastructure and distance between markets, exacerbated impacts associated with the pandemic. For instance, access to Internet service reduced the slowdown in the speed of adjustment caused by the pandemic, but longer distances between market pairs induced greater slowdown in the speed of price transmission. Our findings offer important insights for revitalizing the efficiency of food markets affected by the pandemic. The heterogenous impacts of the pandemic across value chains and markets reinforce the need to properly target post-pandemic recovery interventions and investments. Finally, we offer some insights to reduce the vulnerability of food and market systems to disruptions in future pandemics or similar phenomena that inhibit food marketing and trade.
Download or read book Econometric Methods for Analyzing Economic Development written by Schaeffer, Peter V. and published by IGI Global. This book was released on 2013-07-31 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring and understanding the analysis of economic development is essential as global economies continue to experience extreme fluctuation. Econometrics brings together statistical methods for practical content and economic relations. Econometric Methods for Analyzing Economic Development is a comprehensive collection that focuses on various regions and their economies at a pivotal time when the majority of nations are struggling with stabilizing their economies. Outlining areas such as employment rates, utilization of natural resources, and regional impacts, this collection of research is an excellent tool for scholars, academics, and professionals looking to expand their knowledge on todays turbulent and changing economy.
Download or read book British Bulletin of Publications on Latin America the Caribbean Portugal and Spain written by and published by . This book was released on 2008 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
