COFFEE COMMODITY CHAIN

Tine Olsen and Brett Inder

No 06/08, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: To explain the value added along the coffee commodity chain we propose and estimate a theoretical model of the coffee commodity chain. The theoretical model consists of four markets and five agents in the coffee commodity chain and predicts that prices in the coffee commodity chain move together but are also influenced by income, technology and production. A vector error correction model is used to test the theoretical predictions. In addition to the theoretical conclusions the empirical model confirms the beneficial role of the International Coffee Agreement and the importance of the level of production in determining coffee prices.

Keywords: global commodity chain; vector error correction model; coffee; value added. (search for similar items in EconPapers)
JEL-codes: C32 F02 F14 F23 Q11 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2008-03-03
New Economics Papers: this item is included in nep-agr
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