A STUDY ON SPATIAL MARKET INTEGRATION FOR BRINJAL IN GUJARAT
Journal Title: International Journal of Agriculture Sciences - Year 2016, Vol 8, Issue 57
Abstract
This paper tests the extent of co-integration of wholesale prices of brinjal among the markets (Surat, Bharuch, Vyara, Ahemadabad and Vadodara) of Gujarat by using ADF tests examined the causality by Granger causality tests. Monthly wholesale price data were used for the study. Out of Surat, Bharuch, Vyara, Ahemdabad, and Vadodara integrated were with at least three co-integration vectors. The Pairwise Grangers Causality test for Surat, Bharuch, Tapi, Ahmadabad and Vadodara market was carried out. Out of the five market pairs analyzed, 9th pair had co-integrating relationship, while 11th pair had no co-integrating relationships. The result indicates that Bharuch and Vyara market was the leader market and Surat and Vadodara markets are price influenced to each other and there existed bidirectional causality from Surat market price and Vadodara market price.
Authors and Affiliations
ALPESH LEUA
Keywords
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