A STUDY ON THE HORIZONTAL INTEGRATION OF SELECTED GROUNDNUT MARKETS OF INDIA
Journal Title: International Journal of Agriculture Sciences - Year 2016, Vol 8, Issue 34
Abstract
Groundnut (Arachis hypogea L.) is the fifth largest oilseed crop after soybean, rapeseed, cotton and sunflower in the world, which account for 7.3 per cent of the total world oilseed production (www.soystats.com). Augmented Dickey Fuller test, Johansen’s Multiple Co-integration analysis, Vector Error Correction Model and Granger causality tests were employed in this study. The results indicated that the selected groundnut markets were integrated and prices in Kurnool market and Yemmiganur market exhibited a bidirectional influence at five per cent level of significance, whereas unidirectional influence was exhibited by Gondal market on Kurnool and Yemmiganur markets. The results of the test pointed out that Gondal market was the lead market.
Authors and Affiliations
R. PARVATHI DEVI
Keywords
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