Dynamic relationships between US and Thai rice prices
No hay miniatura disponible
Fecha
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
Relationships between the United States Department of Agriculture's (USDA) estimated World Market Price, the Thai milled rice price,
US transportation-adjusted cash rough rice price, and the Chicago Rice and Cotton Exchange rough rice futures price are examined for the
1987-1991 marketing years. Specifically, a cointegration analysis is used to address the pricing and informational efficiency of the
respective markets. Testing indicates the system is described by two cointegrating vectors. The analysis preformed herein provides insight
into the pricing performance of several world rice markets.