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

Rodrigo Valdes

doi:10.48162/rev.39.052

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

Resultado de la investigación: Contribución a una revista › Artículo › revisión exhaustiva

Resumen

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.

Título traducido de la contribución	The role of fuel prices in spatial price transmission between horticultural markets: Empirical analysis from a developing country
Idioma original	Español
Páginas (desde-hasta)	193-203
Número de páginas	11
Publicación	Revista de la Facultad de Ciencias Agrarias
Volumen	53
N.º	2
DOI	https://doi.org/10.48162/rev.39.052
Estado	Publicada - 1 jul. 2021
Publicado de forma externa	Sí

Palabras clave

Chile
Developing countries
Fuel prices
Horticultural markets
Price transmission

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10.48162/rev.39.052

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title = "El rol del precio de combustible en la transmisi{\'o}n espacial de precios en mercados hort{\'i}colas de pa{\'i}ses en desarrollo",

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{\textquoteright}s attributes.",

keywords = "Chile, Developing countries, Fuel prices, Horticultural markets, Price transmission",

author = "Rodrigo Valdes",

note = "Funding Information: for this research comes from CONICYT CHILE-FONDECYT Iniciaci?n en Investigaci?n ? Folio No. 11180364. Publisher Copyright: {\textcopyright} 2021, Universidad Nacional de Cuyo. All rights reserved.",

year = "2021",

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doi = "10.48162/rev.39.052",

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T1 - El rol del precio de combustible en la transmisión espacial de precios en mercados hortícolas de países en desarrollo

AU - Valdes, Rodrigo

N1 - Funding Information: for this research comes from CONICYT CHILE-FONDECYT Iniciaci?n en Investigaci?n ? Folio No. 11180364. Publisher Copyright: © 2021, Universidad Nacional de Cuyo. All rights reserved.

PY - 2021/7/1

Y1 - 2021/7/1

N2 - 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.

AB - 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.

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KW - Developing countries

KW - Fuel prices

KW - Horticultural markets

KW - Price transmission

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

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