MADRAS AGRICULTURAL JOURNAL

Cointegration between Domestic and International Market Prices of Beverage Crops in India

Abstract

                                This study has been attempted to investigate market integration between the domestic and international market prices of the beverage crops viz. tea, arabica coffee, robusta coffee and cocoa in India. Attempts was also taken to determine the extent of integration between the markets. The coefficients of monthly price of tea, coffee and cocoa among all the selected markets were positive and negative and significant at five per cent level and indicates strong market integration. The results of VECM revealed that there was significant relationship in the short run and long run equilibrium between the market prices of tea and coffee whereas in case of cocoa there was only long run relationship. The findings revealed that tea and coffee had linkages between the domestic and international markets whereas cocoa remained independent and the suitable policies were formulated.

Key words : Beverage crops, ADF test, Johansen’s cointegration, Vector error correction Mechanism.

Copyright @ 2019 Madras Agricultural Journal | Developed by Crystalpro All right reserved.

Copyright @ 2019 Madras Agricultural Journal | Developed by Crystalpro All right reserved.

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    Copyright@2018 The Madras Agricultural Journal | Developed by Crystalpro All right reserved.

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    Copyright @ 2019 Madras Agricultural Journal | Developed by Crystalpro All right reserved.