Market Integration and Price Leadership in India’s Onion Market

Ujjwal Kanti Paul, Gurudas Das, Avijit Debnath and Tanuj Mathur

Review of Market Integration, 2016, vol. 8, issue 1-2, 49-64

Abstract: Despite being the second largest producer in the world, the price of onion witnesses a significant degree of temporal and spatial variation in India. Addressing this issue has become a major challenge for the policymakers of the country. The present study intends to identify the most influential onion markets in India. Johansen cointegration and vector error correction model (VECM) techniques are used to analyse the monthly wholesale price between 2005 and 2015 in 10 major markets. The results show that Hubli is the most dominant market jointly followed by Kolkata and Lasalgaon. The results exhibit the predominant role played by the non-producing markets.

Keywords: Price volatility; price leadership; Johansen cointegration; VECM; India’s onion market (search for similar items in EconPapers)
JEL-codes: Q13 Q18 R12 R32 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:sae:revmar:v:8:y:2016:i:1-2:p:49-64

DOI: 10.1177/0974929216687881

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