Institutions and market integration: The case of coffee in the Ethiopian commodity exchange
While the Ethiopian Commodity Exchange (ECX) is widely credited to be a successful on several accounts, there has been little rigorous empirical investigation. This paper attempts to fill that gap by analyzing how ECX has influenced the international-domestic price relationships of coffee—the larges...
| Autores principales: | , , , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2015
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/149640 |
| _version_ | 1855520870553878528 |
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| author | Hernandez, Manuel A. Rashid, Shahidur Lemma, Solomon Kuma, Tadesse |
| author_browse | Hernandez, Manuel A. Kuma, Tadesse Lemma, Solomon Rashid, Shahidur |
| author_facet | Hernandez, Manuel A. Rashid, Shahidur Lemma, Solomon Kuma, Tadesse |
| author_sort | Hernandez, Manuel A. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | While the Ethiopian Commodity Exchange (ECX) is widely credited to be a successful on several accounts, there has been little rigorous empirical investigation. This paper attempts to fill that gap by analyzing how ECX has influenced the international-domestic price relationships of coffee—the largest traded commodity on its floor. We examine three aspects of price dynamics—market interdependence, volatility transmission, and structural breaks—using a spatially disaggregated prices of five coffee varieties. The results indicate that contrary to popular media stories, ECX’s success in improving coffee price relationships has been limited. The results appear to be robust under all three sets of analysis. |
| format | Artículo preliminar |
| id | CGSpace149640 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1496402025-11-06T05:47:35Z Institutions and market integration: The case of coffee in the Ethiopian commodity exchange Hernandez, Manuel A. Rashid, Shahidur Lemma, Solomon Kuma, Tadesse market economies markets coffee price volatility prices commodity markets governance While the Ethiopian Commodity Exchange (ECX) is widely credited to be a successful on several accounts, there has been little rigorous empirical investigation. This paper attempts to fill that gap by analyzing how ECX has influenced the international-domestic price relationships of coffee—the largest traded commodity on its floor. We examine three aspects of price dynamics—market interdependence, volatility transmission, and structural breaks—using a spatially disaggregated prices of five coffee varieties. The results indicate that contrary to popular media stories, ECX’s success in improving coffee price relationships has been limited. The results appear to be robust under all three sets of analysis. 2015-09-25 2024-08-01T02:49:40Z 2024-08-01T02:49:40Z Working Paper https://hdl.handle.net/10568/149640 en https://hdl.handle.net/10568/149816 https://hdl.handle.net/10568/154499 https://hdl.handle.net/10568/154833 https://hdl.handle.net/10568/153830 https://doi.org/10.2499/p15738coll2.134408 https://doi.org/10.1093/ajae/aaw101 Open Access application/pdf International Food Policy Research Institute Hernandez, Manuel A.; Rashid, Shahidur; Lemma, Solomon and Kuma, Tadesse. 2015. Institutions and market integration: The case of coffee in the Ethiopian commodity exchange. IFPRI Discussion Paper 1464. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/149640 |
| spellingShingle | market economies markets coffee price volatility prices commodity markets governance Hernandez, Manuel A. Rashid, Shahidur Lemma, Solomon Kuma, Tadesse Institutions and market integration: The case of coffee in the Ethiopian commodity exchange |
| title | Institutions and market integration: The case of coffee in the Ethiopian commodity exchange |
| title_full | Institutions and market integration: The case of coffee in the Ethiopian commodity exchange |
| title_fullStr | Institutions and market integration: The case of coffee in the Ethiopian commodity exchange |
| title_full_unstemmed | Institutions and market integration: The case of coffee in the Ethiopian commodity exchange |
| title_short | Institutions and market integration: The case of coffee in the Ethiopian commodity exchange |
| title_sort | institutions and market integration the case of coffee in the ethiopian commodity exchange |
| topic | market economies markets coffee price volatility prices commodity markets governance |
| url | https://hdl.handle.net/10568/149640 |
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