Domestic price formation of sorghum under export policies in Sudan

Mahmoud Ali Amassaib, Salah Mohamed Elawad and Elrashied Elimam Elkhidir
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Mahmoud Ali Amassaib: University of Kordofan
Salah Mohamed Elawad: University of Khartoum
Elrashied Elimam Elkhidir: University of Khartoum

Russian Journal of Agricultural and Socio-Economic Sciences, 2015, vol. 43, issue 7, 16-21

Abstract: This paper was prepared to investigate the integration between the domestic and world prices of sorghum and measure the rate of transmission from world price to domestic price of sorghum. The study utilized secondary data covering the period 1970-2007.The data analyzed using dynamic linear regression model. The most important results revealed from the study were that the sorghum domestic price was inelastic in respond to both sorghum production cost and adjusted world prices in short run (0.2668 and 0.39543) and in long run (0.3982 and 0.5901). The effects of adjusted world price implied that devaluation and decrease of tariff rate would lead to increase of sorghum domestic price.

Keywords: PRICE FORMATION; EXPORT PAN; INTERVENTION; SUDAN (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:scn:031261:16082041

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