El rol del precio de combustible en la transmisión espacial de precios en mercados hortícolas de países en desarrollo

Translated title of the contribution: The role of fuel prices in spatial price transmission between horticultural markets: Empirical analysis from a developing country

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Abstract

This article aims to analyze how fuel prices impact spatial price transmission between two Chilean horticultural wholesale markets. We implement a regime-dependent VECM where price transmission parameters depend on dynamics imposed by a stationary exog-enous variable (fuel price). We identified two price transmission regimes characterized by different equilibrium relationships and short-run adjustment processes. This implies that fuel prices affect price transmission elasticities and intermarket adjustment speeds. Our results show increasing marketing costs as farm to market distance grows. This impact depends on each product’s attributes.

Translated title of the contributionThe role of fuel prices in spatial price transmission between horticultural markets: Empirical analysis from a developing country
Original languageSpanish
Pages (from-to)193-203
Number of pages11
JournalRevista de la Facultad de Ciencias Agrarias
Volume53
Issue number2
DOIs
StatePublished - 1 Jul 2021
Externally publishedYes

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