Detecting threshold effects in price transmission
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 regio...
| Autores principales: | , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2021
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/142635 |
| _version_ | 1855530275573858304 |
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| author | Traoré, Fousseini Diop, Insa |
| author_browse | Diop, Insa Traoré, Fousseini |
| author_facet | Traoré, Fousseini Diop, Insa |
| author_sort | Traoré, Fousseini |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | 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 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. |
| format | Artículo preliminar |
| id | CGSpace142635 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1426352025-11-06T06:44:01Z Detecting threshold effects in price transmission Traoré, Fousseini Diop, Insa models agriculture markets econometric models prices agricultural markets 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 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. 2021-10-21 2024-05-22T12:10:47Z 2024-05-22T12:10:47Z Working Paper https://hdl.handle.net/10568/142635 en Open Access application/pdf International Food Policy Research Institute Traore, Fousseini; and Diop, Insa. 2021. Detecting threshold effects in price transmission. AGRODEP Technical 22. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/142635 |
| spellingShingle | models agriculture markets econometric models prices agricultural markets Traoré, Fousseini Diop, Insa Detecting threshold effects in price transmission |
| title | Detecting threshold effects in price transmission |
| title_full | Detecting threshold effects in price transmission |
| title_fullStr | Detecting threshold effects in price transmission |
| title_full_unstemmed | Detecting threshold effects in price transmission |
| title_short | Detecting threshold effects in price transmission |
| title_sort | detecting threshold effects in price transmission |
| topic | models agriculture markets econometric models prices agricultural markets |
| url | https://hdl.handle.net/10568/142635 |
| work_keys_str_mv | AT traorefousseini detectingthresholdeffectsinpricetransmission AT diopinsa detectingthresholdeffectsinpricetransmission |