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http://krishi.icar.gov.in/jspui/handle/123456789/14765
Title: | How far do egg markets in India conform to the law of one price? |
Other Titles: | Not Available |
Authors: | Sendhil R D. Babu Ranjit Kumar K. Srinivas |
ICAR Data Use Licennce: | http://krishi.icar.gov.in/PDF/ICAR_Data_Use_Licence.pdf |
Author's Affiliated institute: | Directorate of Wheat Research ICAR::National Academy of Agricultural Research and Management ICAR::National Academy of Agricultural Research and Management ICAR::National Academy of Agricultural Research and Management |
Published/ Complete Date: | 2013-12-12 |
Project Code: | Not Available |
Keywords: | Egg, cointegration, law of one price |
Publisher: | Academic journals |
Citation: | Not Available |
Series/Report no.: | Not Available; |
Abstract/Description: | Growing demand for eggs in India is also accompanied by its production at six per cent compound annual growth rate. The law of one price states that in an efficient market, all identical goods or commodities should have a single price. Johansen’s cointegration test was done to identify whether spatially separated egg markets in India share a common linear deterministic trend and the law of one price holds true. Daily wholesale prices from January 2011 to November 2012 in major egg markets across the country were collected and analysed. Post checking for unit root employing the Augmented Dickey Fuller test statistic, cointegration results indicated a strong spatial integration between regional egg prices in the long-run implying the price co-ordination despite production in multiple regions. However, empirical results indicated that the law of one price does not hold true in Indian egg market |
Description: | Not Available |
ISSN: | 1991-637X |
Type(s) of content: | Journal |
Sponsors: | Not Available |
Language: | English |
Name of Journal: | African Journal of Agricultural Research |
NAAS Rating: | Not Available |
Volume No.: | Vol. 8(48) |
Page Number: | 6093-6100 |
Name of the Division/Regional Station: | Not Available |
Source, DOI or any other URL: | Not Available |
URI: | http://krishi.icar.gov.in/jspui/handle/123456789/14765 |
Appears in Collections: | AEdu-NAARM-Publication |
Files in This Item:
File | Description | Size | Format | |
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article1386664767_Sendhil et al.pdf | 629.35 kB | Adobe PDF | View/Open |
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