Price Transmission and Volatility Spillover in Food Grain Market: Experience from Indian vis-à-vis World Market

Arindam Laha () and Subhra Sinha
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Subhra Sinha: Assistant Professor, Department of Commerce, The University of Burdwan,West Bengal, India

Bangladesh Development Studies, 2018, vol. 41, issue 01, 31-64

Abstract: In the backdrop of liberalised trade of agricultural commodities in the twenty- first century, world food prices have risen at a faster pace since 2007. The Indian economy has largely been able to insulate itself from the price transmission mechanism of the world market because of low exposure of the economy to global factors. This paper analyses the trend of volatility in the price of rice and wheat in the world market vis-à-vis regional markets in India during 2000-15. In addition, an econometric analysis was conducted to measure the price transmission mechanism in understanding the process of volatility spillover from international to domestic markets.

Keywords: Price Transmission; Volatility Spillover; Food Grain; Pass-through Effect; International Price; Domestic Price (search for similar items in EconPapers)
JEL-codes: Q11 Q17 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ris:badest:0817

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