Skip Navigation

This Article
Right arrow Full Text (PDF)
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by BRORSEN, B. W.
Right arrow Articles by GRANT, W. R.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

© 1984 Oxford University Press and the Foundation for the European Review of Agricultural Economics

research-article

Dynamic relationships of rice import prices in Europe*

B. WADE BRORSEN1, JEAN-PAUL CHAVAS2 and WARREN R. GRANT3

1Department of Agricultural Economics, Purdue University U.S.A.
2Department of Agricultural Economics, University of Wisconsin U.S.A.
3National Economics Division, Economic Research Service, United States Department of Agriculture

Received December 1, 1983;

Summary

Dynamic relationships among weekly prices at Rotterdam, Netherlands, of rice imported into Europe from the United States, Thailand, and Argentina are analysed. A theoretical model of price determination is developed to explain the hypothesised direction of dynamic influences. Causality tests among price series are performed. Dynamics of price relationships are then analysed using dynamic multipliers. Argentinian and United States prices move together. These two prices respond quickly (one to two weeks) to changes in Thai prices. Thai prices react slowly (10 to 20 weeks) to changes in Argentinian and United States prices. All prices are inefficient in processing information reflected in their own past prices and in the other price series. The analysis indicates that the degree of inefficiency is low.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?




Disclaimer:
Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.