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＜departmental bulletin paper＞
Grain Price Transmission from International Markets to Chinese Domestic Markets

Creator
Author PID
L005619
Creator Name
Cao, Zhengwei
Affiliation
Affiliation Name
Laboratory of Food and Agricultural Policies, Department of the Agricultural and Resource Economics, Graduate School of Bioresource and Bioenvironmental Sciences, Kyushu University
Author PID
K002922
Creator Name
Ito, Shoichi
伊東, 正一
Affiliation
Affiliation Name
Laboratory of Food and Agricultural Policies, Department of the Agricultural and Resource Economics, Faculty of Agriculture, Graduate School of Bioresource and Bioenvironmental Sciences, Kyushu University
九州大学大学院農学研究院農業資源経済学専攻
Author PID
K002208
Creator Name
Isoda, Hiroshi
磯田, 宏
Affiliation
Affiliation Name
Laboratory of Food and Agricultural Policies, Department of the Agricultural and Resource Economics, Faculty of Agriculture, Graduate School of Bioresource and Bioenvironmental Sciences, Kyushu University
九州大学大学院農学研究院農業資源経済学専攻
Author PID
K003883
Creator Name
Saito, Hisamitsu
齋藤, 久光
Affiliation
Affiliation Name
Laboratory of Food and Agricultural Policies, Department of the Agricultural and Resource Economics, Faculty of Agriculture, Graduate School of Bioresource and Bioenvironmental Sciences, Kyushu University | Laboratory of Food and Agricultural Policies, Department of the Agricultural and Resource Economics, Faculty of Agriculture, Graduate School of Bioresource and Bioenvironmental Sciences, Kyushu University
九州大学大学院農学研究院農業資源経済学専攻
Language
English
Publisher
Faculty of Agriculture, Kyushu University
九州大学大学院農学研究院
Date
2013-09
Source Title
Journal of the Faculty of Agriculture, Kyushu University
Vol
58
Issue
2
First Page
499
Last Page
507
Publication Type
Version of Record
Access Rights
open access
Crossref DOI
https://doi.org/10.5109/27384
Related DOI
Journal of the Faculty of Agriculture, Kyushu University || 58(2) || p499-507
九州大学大学院農学研究院紀要 || 58(2) || p499-507
http://www.agr.kyushu-u.ac.jp/
Related URI
Journal of the Faculty of Agriculture, Kyushu University || 58(2) || p499-507
九州大学大学院農学研究院紀要 || 58(2) || p499-507
http://www.agr.kyushu-u.ac.jp/
Relation
Journal of the Faculty of Agriculture, Kyushu University || 58(2) || p499-507
九州大学大学院農学研究院紀要 || 58(2) || p499-507
http://www.agr.kyushu-u.ac.jp/

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Details

PISSN
0023-6152
NCID
AA00697606
Record ID
27384
Peer-Reviewed
Unrefereed
Subject Terms
grains
price transmission
Johansen co–integration test
VECM model
ISSN
0023-6152
NCID
AA00697606
Notes
After joining WTO, Chinese agricultural commodities linked more and more with the international markets. This study evaluated the grain price translation from the international grain markets to Chinese grain markets. The result of ADF test for grain prices in China and the US, which reports that all of the weekly grain prices in these two markets belong to I (1) and a long–run integration between the Chinese grain prices and the US grain prices are found in this study. We use the VECM model to find that the estimated error correction term coefficients are –0.04749, –0.002187, –0.0009480, –0.005806 and –0.004652 for soybeans, wheat, corn, indica rice and japonica rice, respectively. In addition, the volatility for the US' soybeans prices can Granger–cause the Chinese soybeans prices fluctuated. And the impulse response function Chinese grain prices response immediately to its own standard deviation innovation and the impact from the international markets is more significant for soybeans. The US's soybeans and corn prices show significant effect to its own innovation.
Created Date 2013.10.08
Modified Date 2022.11.11

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