Examination of the international market power for Iranian pistachios

Z. Farajzadeh and A. Amiraslany

No 277345, 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia from International Association of Agricultural Economists

Abstract: Abstract Iran accounts for more than 50 percent of the world pistachios market and thus has a leading role in price formation of pistachios. The objective of this study is to determine the price transmission pattern between domestic and world markets of pistachio and to investigate the link between market power and asymmetric adjustment. An innovative specification of asymmetric autoregressive model of Pricing to Market (PTM) employed to study the export-domestic price relationship by incorporating the exchange rate in increasing and decreasing components of the PTM model. Results indicate that PTM analysis-based specification is preferable to a simple model that does not cover the exchange rate effect. Also, the empirical findings suggest that export prices are more responding to the exchange rate increases than decrease in the exchange rates. The asymmetric transmission effect of the exchange rate also indicates a possible source of market power exerted by Iranian exporters Acknowledgement :

Keywords: Marketing (search for similar items in EconPapers)
Date: 2018-07
New Economics Papers: this item is included in nep-ara and nep-com
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaae18:277345

DOI: 10.22004/ag.econ.277345

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