Resumen
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.
Idioma original | Inglés estadounidense |
---|---|
Páginas (desde-hasta) | 497-508 |
Número de páginas | 12 |
Publicación | Agribusiness |
Volumen | 29 |
N.º | 4 |
DOI | |
Estado | Publicada - sep. 2013 |
Áreas temáticas de ASJC Scopus
- Alimentación
- Geografía, planificación y desarrollo
- Animales y zoología
- Agronomía y cultivos
- Economía y econometría