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Regional Wholesale Price Relationships in the Presence of Counter-Seasonal Imports

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Author Info
Raper, Kellie Curry
Thornsbury, Suzanne
Aguilar, Cristobal
Abstract

Counter-seasonal imports of fresh produce facilitate year-round availability in the U.S. and may impact the seasonal structure of market price relationships. Vector autoregression analysis is used to determine the nature and extent of spatial price relationships among four geographically distinct regions in the U.S. fresh peach wholesale market. We evaluate differences in regional spatial price relationships and find statistical evidence that price relationships among regions are different in periods dominated by regional domestic supplies imports compared with periods when counter-seasonal imports dominate the market.

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Publisher Info
Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

Volume (Year): 41 (2009)
Issue (Month): 01 (April)
Pages:
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Handle: RePEc:ags:joaaec:48748

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Related research
Keywords: counter-seasonal imports; price analysis; regional prices; spatial prices; VAR; Agribusiness; Crop Production/Industries; Demand and Price Analysis; International Relations/Trade; Risk and Uncertainty; Q1; Q11; Q13;

References listed on IDEAS
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  1. Lence, Sergio H. & Falk, Barry L., 2004. "Cointegration, Market Integration, and Market Efficiency," Staff General Research Papers 11468, Iowa State University, Department of Economics.
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  2. Ercan Balaban & Kursat Kunter, 1996. "Financial Market Efficiency in a Developing Economy : The Turkish Case," Discussion Papers 9611, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
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This page was last updated on 2009-12-26.


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