A spatio-temporal analysis of agricultural prices: An application to Colombian data

Ana Iregui and Jesus Otero

No 9996, Borradores de Economia from Banco de la Republica

Abstract: This paper studies whether the geographical separation of markets constitutes a factor that helps explain the dynamics of agricultural prices. To do this, we 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 for almost a decade. According to our results, which are based on generalised 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.

Keywords: Price analysis; market integration; agriculture; Colombia. (search for similar items in EconPapers)
JEL-codes: O18 Q13 R12 (search for similar items in EconPapers)
Pages: 25
Date: 2012-09-25
New Economics Papers: this item is included in nep-agr
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http://www.banrep.gov.co/docum/ftp/be_734.pdf

Related works:
Journal Article: A Spatiotemporal Analysis of Agricultural Prices: An Application to Colombian Data (2013)
Working Paper: A spatio-temporal analysis of agricultural prices: An application to Colombian data (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:col:000094:009996

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