Price Dynamics of Domestic and International Wheat Markets: A Vector Error Correction Mechanism (VECM) Approach
نویسندگان
چکیده
منابع مشابه
Survey of Money- Output Causality: Case Study of Iran, Based on Vector Error Correction Model (VECM)
This study investigated the dynamic relationship between money, prices and output in a multivariate structure of casualty analysis in Iran for the two period of 1969 to 2012 (entire period) and 1989 to 2012 (sub-period). This statistical framework has been projected for situations where causal links may have changed over the sample period. Results of a three-variable Vector Error Correction Mod...
متن کاملThe Relationship between Education and Health: Vector Error Correction Model (VECM)
Background & objectives: Despite the importance and impact of health and education on economic growth in countries, the causal relationship between education and health is important to policymaking. This study aimed to investigate the causality relationship between education and health in the short and long runs using the Vector Error Correction Model (VECM) in Iran. Method: This was an analyt...
متن کاملSTLS / US - VECM 6 . 1 : A Vector Error - Correction Forecasting Model of the US Economy
Any research or policy analysis exercise in economics must be consistent with the timeseries properties of observed macroeconomic data. This paper discusses in detail the specification of a six-variable vector error-correction forecasting model. We test for cointegration among those variables: the CPI, the implicit price deflator for GDP, real money balances (M1), the federal funds rate, the yi...
متن کاملTransmission of International Prices of Corn to Iranian Domestic Markets
Market volatility remains one of the most important research fields in agricultural economics.Interestingly, price transmission mechanism seems to be symmetric in sectors that are likely to be of high political power.This paper analyzes the price transmission effects from international markets to domestic markets for corn in Iran. For this purpose, we estimate the elasticity of substitution bet...
متن کاملsurvey of money- output causality: case study of iran, based on vector error correction model (vecm)
this study investigated the dynamic relationship between money, prices and output in a multivariate structure of casualty analysis in iran for the two period of 1969 to 2012 (entire period) and 1989 to 2012 (sub-period). this statistical framework has been projected for situations where causal links may have changed over the sample period. results of a three-variable vector error correction mod...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Asian Journal of Agricultural Extension, Economics & Sociology
سال: 2021
ISSN: 2320-7027
DOI: 10.9734/ajaees/2021/v39i330541