Co-integration of Major Vegetable Markets in Punjab, India

2021 ◽  
Vol 66 (2) ◽  
Author(s):  
Shruti Mohapatra
Keyword(s):  
Market Integration ◽  
The State ◽  
New Delhi ◽  
Competitive Condition ◽  
Causality Test ◽  
Market Intelligence ◽  
Secondary Sources ◽  
Communication Problems ◽  
National Market ◽  
Integration Test

The present study was formulated to analyze the level of market integration in the major vegetable markets in Punjab. The study was undertaken on a macro framework based on data collected from secondary sources through employing different tests, namely Johansen co-integration test, Grangner causality test. The investigations of integration between sample markets indicated that in case of all of the vegetables the state markets are found to be well integrated among each other and also with the national market (New Delhi) with an exception in case of tomato where it was seen that there was not any integration found between Ludhiana and Jalandhar market which was due to communication problems and lack of market intelligence between those markets. Hence in order to continue the competitive condition of these markets there is need to strengthen the market intelligence and communication within markets so that a better platform could be placed for guiding the farmers in marketing their produce.

scholarly journals Co-integration of Groundnut Markets in India with Special Reference to Karnataka State

2020 ◽  
pp. 14-22
Author(s):  
Akshata Nayak ◽  
H. Lokesha ◽  
C. P. Gracy
Keyword(s):  
Market Integration ◽  
Unit Root Test ◽  
Groundnut Oil ◽  
Step Method ◽  
Causality Test ◽  
Price Series ◽  
Long Run ◽  
Oil Markets ◽  
Integration Test ◽  
The Government

Aims: Market integration is an indicator that explains how different markets are related to each other. The main aim of the paper is to examine the market integration of groundnut seed and oil markets in India.  Study Design: This paper examines the market integration in six major groundnut oil markets and four groundnut pod markets using monthly wholesale prices of groundnut. Methodology: Test for stationarity was done using Dickey Fuller Test. The Engle-Granger two-step method is used to test for co-integration between the variables. Johansen co-integration test was applied to analyse the long run equilibrium among the groundnut markets. Results: Unit root test indicated that the price series in each location are non-stationary at their levels and stationary at their first differences. The Granger causality test indicated that all the market pairs are well co-integrated, some of the markets have bidirectional relationship and some have unidirectional relationship at five per cent level of significance, which implies that the groundnut prices have an equally long run association. Conclusion: In overall, the study suggests that regional markets for groundnut in India are strongly co-integrated. Therefore, the Government can stabilize the price in one key market and rely on commercialization to produce a similar outcome in other markets. This reduces the cost of stabilization considerably.

scholarly journals PERILAKU HARGA DAN INTEGRASI PASAR HORIZONTAL BERAS DI PROPINSI BENGKULU

2014 ◽  
Vol 13 (2) ◽  
pp. 131-146
Author(s):  
Cahya Suryana ◽  
Putri Suci Asriani ◽  
Redy Badrudin
Keyword(s):  
Market Integration ◽  
Unit Root Test ◽  
Price Policy ◽  
Price Formation ◽  
Price Behavior ◽  
Causality Test ◽  
Rice Farmers ◽  
Integration Test ◽  
Rice Consumption ◽  
Market Leader

Rice is one of the strategic foods in Indonesia. According to Alimoeso (2011), approximately 95% of the Indonesian people depend on rice, poor families allocate  nearly 21.8% of its expenditure on rice. In addition,  of rice consumption estimates is  the highest Indonesian in Southeast Asia, namely, 139 kg / capita / year, of which about 120 kg consumed directly. That is why price policy is important instrument for improving the wealth of rice farmers as well as rice traders. The purpose of the study was to analyze the price behavior, (2) analyze market integration (3) to analyze market causality, and (4) determine the rice leader market in Bengkulu Province. This study used a method of analysis of price behavior, market integration, unit root test, co-integration test and analysis methods of Engle and Granger causality. The results rice price behavior in Bengkulu do not fluctuate indicating by lower value of show that coefficient variable. There is strong integration market in price formation between Bengkulu, Rejang Lebong, North Bengkulu and South Bengkulu markets. The causality test proved that the prices of the price of North Bengkulu affect the price rice Bengkulu City, Rejang Lebong and South Bengkulu, and none of the three areas that affect the price of rice in North Bengkulu, and the leader market is North Bengkulu.Keywords: price behaviour, horizontal market integration, rice, market leader

scholarly journals Global Financial Crisis and Islamic Capital Market Integration among 5-ASEAN Countries

2015 ◽  
Vol 2 (3) ◽  
pp. 207
Author(s):  
Ibnu Qizam ◽  
Abdul Qoyum ◽  
Misnen Ardiansyah
Keyword(s):  
Granger Causality ◽  
Capital Markets ◽  
Capital Market ◽  
Market Integration ◽  
Global Financial Crisis ◽  
Granger Causality Test ◽  
Causality Test ◽  
Long Run ◽  
Integration Test ◽  
Asean Countries

Islamic Capital Market is important part of Financial System in ASEAN countries especially in the context of AEC. The objective of this paper is to investigate interconnection long run equilibrium of Islamic Capital Market in ASEAN Countries. Using daily closing price for from September 2007 to October 2012, this study examine five Islamic Capital markets in ASEAN namely Indonesia, Malaysia, Philippines, Singapore and Thailand. This study examines on Integration among these Islamic Capital markets by relies a simple correlation test, Granger causality test and co-integration test using error correction model. This research documents some interesting finding. First, Using Johansen estimation technique, there is co-integration between the considered Islamic indices namely; Indonesia, Malaysia, Philippines, Singapore and Thailand. Second, Since the co-integration exists, granger causality test shows that there is three bi-directional causalities namely; between Malaysia Islamic Capital Market and Singapore Islamic Capital Market; between Thailand Islamic Capital Market and Singapore Islamic Capital Market; and between Singapore Islamic Capital Market and Philippines Islamic Capital Market. However, there is a unidirectional between Indonesia Islamic Market (MCIINA) and Malaysia Islamic Market (MCIMY), MCIINA and Philippines Islamic Market (MCIPhil), MCIINA and Thailand Islamic Market (MCITHAI), it implies that MCIINA affects MCIMY, MCIPhil, and MCIThai but not vice versa. Third, based on VECM suggest that all Islamic indexes are inter-related in the long run that can be explained due to the similarity of structure bring about by its stock as required by shariah in the process stock screening.

scholarly journals Market integration of selected cotton markets in Haryana

2019 ◽  
Vol 38 (4) ◽  
Author(s):  
V. Mahesh ◽  
R.K. Grover ◽  
R.S. Geetha
Keyword(s):  
Granger Causality ◽  
Market Integration ◽  
Granger Causality Test ◽  
Causality Test ◽  
Domestic Markets ◽  
Price Series ◽  
Long Run ◽  
Equilibrium Relationship ◽  
Integration Test ◽  
Adf Test

The present study aimed to paper the co-integration among the selected cotton markets in Haryana. The monthly data on prices of cotton were collected for the period from 2005-06 to 2016-17. The advanced econometric tools like ADF test, Johansen co-integration test and Granger Causality test were used to study market integration. The price series of commodity namely cotton in selected markets showed the consequences of unit root and were stationary at first difference. The long run equilibrium relationship among the selected markets indicated that these were integrated with each other. This implies that prices in domestic markets of Haryana move together in response to changes in the demand and supply and cost of a product. Granger Causality test resulted Dabwali market as lead cotton market because it influenced the prices of most of selected cotton markets.

scholarly journals Enhanced Welfare through Market Integration: A Study of Growth, Variation and Price Integration of Chickpea

2020 ◽  
pp. 1-15
Author(s):  
L. Wahlang ◽  
M. K. Sekhon ◽  
Sunny Kumar
Keyword(s):  
Market Integration ◽  
Uttar Pradesh ◽  
Secondary Data ◽  
Optimal Level ◽  
Online Marketing ◽  
Causality Test ◽  
Long Run ◽  
Integration Test ◽  
Short Run ◽  
The Impact

Chickpea is the most important pulse in India. The present study is based on secondary data, worked out trends in production, seasonal variation and integration among major markets of India. Advance Econometrics analysis like Granger Causality test, Johansen Co-integration test and Vector Error Correction model were employed to examine the integration of markets. The trend in area and production shows fluctuations in major producing states except in Uttar Pradesh. In all the major producing states of chickpea, contribution of area was higher in production. The production trend improves in case of Madhya Pradesh whereas decreased in Rajasthan and Uttar Pradesh. Seasonality in arrivals has impacted the monthly retail price in all the selected markets. Out of six selected markets, five markets were having a long run price relationship. However, market integration has not yet reached an optimal level because all markets were not spatially integrated with one another in all the cases. The short run results indicated that chickpea’s markets were not well integrated. This could be due to poor market intelligence and unfavorable location of the markets. The policy intervention calls for strengthening market intelligent wing in all markets along with the establishing of online marketing system through computerization and networking. Strengthening of market infrastructure including transportation and communication facilities are the need of time in order to fully integrate the market prices. Concentration of marketing during the lean seasons helps reducing the impact of seasonality.

The Analysis of the Influence of Highway Construction and Operation on Industrial Structure Adjustment in Heilongjiang Province - Co-Integration Test and Causality Test Based on Data from 1995 to 2009

2012 ◽  
Vol 424-425 ◽  
pp. 205-209
Author(s):  
Ying Jin
Keyword(s):  
Industrial Structure ◽  
Highway Construction ◽  
Test Method ◽  
Policy Recommendations ◽  
Heilongjiang Province ◽  
Causality Test ◽  
Integration Test ◽  
Structure Adjustment ◽  
Industrial Structure Adjustment ◽  
Expressway Construction

Based on data for the year in Heilongjiang Province, 1995-2009，Using co-integration and Granger causality test method to test causality between Heilongjiang Provincial Expressway Construction and industrial structure ,found that there exists co-integration relationship between the Heilongjiang Provincial Expressway Construction and operation and three industries. Finally, highway construction, relevant policy recommendations are given to adjust the industrial structure of Heilongjiang Province

Book Review: Nasir Tyabji, Forging Capitalism in Nehru’s India: Neocolonialism and the State, c. 1940–1970

2018 ◽  
Vol 55 (3) ◽  
pp. 453-456
Author(s):  
Mircea Raianu
Keyword(s):  
The State ◽  
New Delhi ◽  
Oxford University ◽  
Oxford University Press

Nasir Tyabji, Forging Capitalism in Nehru’s India: Neocolonialism and the State, c. 1940–1970, New Delhi: Oxford University Press, 2015, 172 pp.

scholarly journals The drivers of economic growth in China and India: globalization or financial development?

2017 ◽  
Vol 16 (1) ◽  
pp. 54-84 ◽  
Author(s):  
Magda Kandil ◽  
Muhammad Shahbaz ◽  
Mantu Kumar Mahalik ◽  
Duc Khuong Nguyen
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Emerging Market ◽  
Annual Data ◽  
Test Results ◽  
Causality Test ◽  
Content Type ◽  
China And India ◽  
Integration Test ◽  
The Impact

Purpose Using annual data from 1970 to 2013 for China and India, this paper aims to examine the impact of globalization and financial development on economic growth by endogenizing capital and inflation and drawing comparisons between the two fastest growing emerging market economies. Design/methodology/approach In the long run, co-integration test results indicate that financial development increases economic growth in China and India. Findings The results also reveal that globalization accelerates economic growth in India but, surprisingly, impairs economic growth in China, as it increases competition for exports. The results furthermore disclose that acceleration in capitalization and inflation, as a proxy for aggregate demand, are positively linked to economic growth in China and India. Originality/value Causality test results indicate that both financial development and economic growth are interdependent. In contrast, causality runs from higher economic growth to increased globalization in India, while the results do not support long-term causality between globalization and economic growth in China.

Geopolitical Reflections of Sino-Indian Conflict and its Implication on Nepal’s Survival Strategy

Unity Journal ◽  
2021 ◽  
Vol 2 ◽  
pp. 81-96
Author(s):  
Gaurav Bhattarai
Keyword(s):  
Foreign Affairs ◽  
Survival Strategies ◽  
New Delhi ◽  
Survival Strategy ◽  
Asian Countries ◽  
Press Releases ◽  
Secondary Sources ◽  
Repeated Calls ◽  
The Press ◽  
India And China

Border disputes between China and India in June 2020 almost lead South Asian countries to take a side. But, Nepal, situated between India and China, has always expressed a stern belief in neutrality and non-alignment. Even though New Delhi doubted Nepal’s neutrality and non-alignment citing China’s growing footprints in Nepal, Kathmandu reckoned such suspicion as the result of a new map row between two countries connected by open borders. While Nepal’s repeated calls to diplomatically resolve India-Nepal border problems remained unheeded by New Delhi, it provided room for the ruling communist party in Nepal to reap geopolitical benefits out of the Sino-Indian dispute. But, interestingly, such geopolitical benefits are usually targeted in tempering Indian influence in Nepal, by getting closer with China. Apprehending the same, this study aims to assess the geopolitical implication of Sino-Indian conflict on the survival strategy of Nepal. To fulfill the same objectives, the Chinese perception of Nepal-India relations, and Indian perception of Sino-Nepal ties have been critically assessed in this study. This study is methodologically based on the information collected from the secondary sources. In order to critically evaluate the geopolitical expression of Sino-Indian conflict in Nepal, this study reviews India’s perception of Nepal-China relations, and China’s perception of Nepal-India relations. Also, the reports and the press releases of the Ministry of Foreign Affairs, historical facts, treaties, government reports and decisions have been studied and analyzed. Media sources are also reviewed to understand the diverse narratives produced on the geopolitical reflection of Sino-Indian conflict. The themes that emerged from the reviews are thematically analyzed and interpreted, to discover that cultivating relations with one country at the expense of the other may be counterproductive to Nepal’s survival strategies.

Public Communication as an intersection for the construction of a MIL City concept: the São Paulo City

2021 ◽  
pp. 244-255
Author(s):  
S. Navacinsk ◽  
E. Gardinali
Keyword(s):  
Public Interest ◽  
State Of The Art ◽  
The State ◽  
Public Communication ◽  
Exploratory Research ◽  
Secondary Sources ◽  
The City

In this article we intend to analyze what is the state of the art in which the São Paulo City is in relation to the concept of Mil Cities, instituted in 2018 by UNESCO. From a group of metrics developed by the institu­ tion, we intend to see and measure effective actions that have already been implemented or are under development, that can serve as a basis to enable the construction of a MIL City in the analyzed public institu­ tion. In this tracking we want to understand how public communication from the perspective of public interest can establish itself as a paradigm, when governments, organizations and society demand a new and higher level of interlocution and exchange, with the purpose of transforming reality for a project that can transform the city of São Paulo into a MIL City. We use exploratory research in primary and secondary sources as a methodology.

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