A Spatiotemporal Analysis of Agricultural Prices: An Application to Colombian Data

Jesús Otero, Ana María Iregui-Bohórquez
2012-11-20

SCID:  54.1/7dtrud4j
ABSTRACT This study focusses on whether the geographical separation of markets constitutes a factor that helps explain the dynamics of agricultural prices. To do this, the authors employ a highly disaggregated dataset for Colombia that consists of weekly observations on wholesale prices for 18 agricultural products traded in markets scattered around the country. The sample period spans almost a decade. According to their results, which are based on generalized impulse response functions, distance (and thus transportation costs) is a factor that helps explain the speed at which prices adjust to shocks in other locations, thus confirming that price adjustments take longer for markets farther apart.
Publication Details
Publication Date
2012-11-20
Journal
Publisher
ISSN
Access Type
Author Information
Authors
Jesús Otero
Ana María Iregui-Bohórquez
Explore More Research
Use the citation graph to discover related papers and expand your research horizons.
Click any node to explore
Download PDF
100%