Assigning Price Leadership in Iran Tea Grades Market
Journal Title: International Research Journal of Applied and Basic Sciences - Year 2013, Vol 6, Issue 8
Abstract
Tea commodity basket is composed of different grades that complicate the policy making and providing optimal programs for controlling and regulating the price in market. By regarding quality difference of tea grades, use of various qualitative baskets and use of leader grade in market, are the two main ways in regulating tea market. For having a good way that is based on pricing relations for regulating tea market, in this article by using monthly data of retail price of 3 grades in Iran's market (premium, broken, whole) between years 1992 to 2012, investigating long run relationship in tea's price system has been considered. Using cointegration test, long run relations in mentioned time period had been inspected. Applying even cointegration test showed that high quality tea had long run relation with broken and whole grades. At last, by use of adjustment matrix and weak exogeneity test, it is revealed that no price leadership exit in tea market. So, separate policy making and production programming for each grade is necessary in Iran's tea market.
Authors and Affiliations
Sayed Mousa Ziahessam| Department of Agricultural Management, Islamic Azad University, Rasht Branch, Rasht, Iran., Gholamreza Peykani| Department of Agricultural Economics, Tehran University, Tehran, Iran, Mohammad Kavoosi Kalashami| Department of Agricultural Economics, Guilan University, Rasht, Iran, email: mkavoosi@ut.ac.ir, Jafar Azizi| Department of Agricultural Management, Islamic Azad University, Rasht Branch, Rasht, Iran.
Keywords
Related Articles
- EP ID EP6240
- DOI -
- Views 299
- Downloads 8
Application of Response Surface Modeling and Central Composition Design for Removal of Lead from Aqueous Solution Using Prosopis Stephanian Fruits
In this study feasibility of powder of Prosopis Stephanian’s fruit for removal of lead from aqueous solution was investigated. Prosopis Stephanian grows in different parts of Iran. This plant is a brush spieces that grow...
Climate Change: From Challenge to Key Threat? The Example of the European Security Strategy
For a wide range of reasons it is becoming more and more evident that Climate Change takes part in destabilising societies and creating a threat to the security of states all over the globe. One example where the develop...
Environmental accounting and sustainability report
Environmental accounting is a comprehensive tool for investigating environmental considerations in commercial decision-making. Considering internal environmental cost in accounting system will help corporate cost in acco...
A Comparative Study of Ending of Guardianship (al- Welayah) According to Ibn A’rabi and All?ma Seyyed Heydar Amoli
Ending of guardianship is significantly important in Ibn A’rabi’s school, in terms of identity and typology. Ibn A’rabi has divided the term, guardianship, to sub topics, and has presented his own opinion about each of t...
ROLE OF STOCKING DENSITY AND ABIOTIC FACTORS OF POND ON PROPAGATION AND DISTRIBUTION OF MONOGENETIC GILL PARASITES IN FARMED ROHU, LABEO ROHITA (HAMILTON) -A STUDY
In farm, monogenean infection occur by mixed species and here occurrence and distribution of monogenetic gill parasites were studied with an objective to evaluate the potentiality of monogeneans to propagate in farmed In...