A spatiotemporal analysis of agricultural prices: An application to Colombian data

Ana María Iregui, Jesús Otero

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

Abstract

This study focusses on whether the geographical separation of markets constitutes a factor that helps explain the dynamics of agricultural prices. To do this, the authors employ a highly disaggregated dataset for Colombia that consists of weekly observations on wholesale prices for 18 agricultural products traded in markets scattered around the country. The sample period spans almost a decade. According to their results, which are based on generalized impulse response functions, distance (and thus transportation costs) is a factor that helps explain the speed at which prices adjust to shocks in other locations, thus confirming that price adjustments take longer for markets farther apart.

Original languageEnglish (US)
Pages (from-to)497-508
Number of pages12
JournalAgribusiness
Volume29
Issue number4
DOIs
StatePublished - Sep 2013

All Science Journal Classification (ASJC) codes

  • Food Science
  • Geography, Planning and Development
  • Animal Science and Zoology
  • Agronomy and Crop Science
  • Economics and Econometrics

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