Determinants of Market Integration and Price Transmission in Indonesia

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dc.creatorVarela, Gonzalo
dc.creatorAldaz-Carroll, Enrique
dc.creatorIacovone, Leonardo
dc.date2012-06-29T18:51:08Z
dc.date2012-06-29T18:51:08Z
dc.date2012-06
dc.date.accessioned2026-07-01T00:56:00Z
dc.descriptionThis paper investigates the determinants of price differences and market integration among Indonesian provinces, using data from retail cooking oil, rice and sugar markets during the period 1993-2007, and from wholesale maize and soybean markets during the period 1992-2006. The authors measure the degree of integration using co-integration techniques, and calculate average price differences. They use regression analysis to understand the drivers of price differences and market integration. For rice and sugar, they find wide market integration and low price differences, in the range of 5-12 percent. For maize, soybeans and cooking oil, they find less integration and higher price differences (16-22 percent). Integration across provinces is explained by the remoteness and quality of transport infrastructure of a province. Price differences across provinces respond to differences in provincial characteristics such as remoteness, transport infrastructure, output of the commodity, land productivity and income per capita.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2012/06/16396524/determinants-market-integration-price-transmission-indonesia
dc.identifierhttps://hdl.handle.net/10986/9312
dc.identifier10.1596/1813-9450-6098
dc.identifier.urihttp://hdl.handle.net/123456789/413153
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper; No. 6098
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectAGRICULTURAL ECONOMICS
dc.subjectALLOWANCE
dc.subjectARBITRAGE
dc.subjectAVERAGE PRICE
dc.subjectAVERAGE PRICES
dc.subjectCHANGES IN PRICES
dc.subjectCLIMATE
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY MARKETS
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCONSUMER PRICE
dc.subjectDATA AVAILABILITY
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING ECONOMIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDOMESTIC MARKETS
dc.subjectDOMESTIC PRICES
dc.subjectDOMESTIC PRODUCTION
dc.subjectDRIVERS
dc.subjectEFFICIENT MARKETS
dc.subjectELASTICITIES
dc.subjectGOOD TRANSPORT
dc.subjectGOVERNMENT INTERVENTION
dc.subjectINCOME
dc.subjectINFORMATION FLOWS
dc.subjectINTERNATIONAL MARKET
dc.subjectINVESTMENT CLIMATE
dc.subjectLOWER PRICE
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET INFORMATION
dc.subjectMARKET INTEGRATION
dc.subjectMARKET POTENTIAL
dc.subjectMARKET POWER
dc.subjectMARKETING
dc.subjectNATURAL RESOURCE
dc.subjectOPEN ECONOMY
dc.subjectOUTPUT
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY IMPLICATIONS
dc.subjectPOLITICAL ECONOMY
dc.subjectPRICE BEHAVIOR
dc.subjectPRICE DIFFERENTIAL
dc.subjectPRICE DIFFERENTIALS
dc.subjectPRICE DISCRIMINATION
dc.subjectPRICE MOVEMENTS
dc.subjectPRICE SERIES
dc.subjectPRICE SETTING
dc.subjectPRIVATE INVESTMENT
dc.subjectPRODUCER PRICE
dc.subjectPRODUCT QUALITY
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC WORKS
dc.subjectPURCHASING
dc.subjectPURCHASING POWER
dc.subjectQUALITY OF TRANSPORT
dc.subjectRAILWAY
dc.subjectREMOTE REGION
dc.subjectRETAIL
dc.subjectROAD
dc.subjectROAD TRANSPORT
dc.subjectROADS
dc.subjectSALES
dc.subjectSPREAD
dc.subjectSTOCKS
dc.subjectTRANSACTION COSTS
dc.subjectTRANSPORT COSTS
dc.subjectTRANSPORT INFRASTRUCTURE
dc.subjectTRANSPORTATION
dc.subjectTRANSPORTATION COST
dc.subjectTRANSPORTATION COSTS
dc.subjectVOLATILITY
dc.subjectWORLD MARKET
dc.subjectWORLD MARKETS
dc.titleDeterminants of Market Integration and Price Transmission in Indonesia

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