Cotton Price Risk Management across Different Countries
AbstractCotton price relationships between major cotton producers and New York cotton December future price are investigated by the regression model, the VAR model and the error-correction model, the error-correction model generates the hedge ratios that display the largest value in size in most of the cases except Australia. The results indicate that the price relationships between US, China and Australia and New York Future market prices are much higher than the relationships between other cotton producers and New York Future market prices.
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Bibliographic InfoPaper provided by Southern Agricultural Economics Association in its series 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia with number 46762.
Date of creation: 16 Jan 2009
Date of revision:
cotton price; New York future market prices; the regression model; the VAR model; the error-correction model; Agribusiness; Agricultural Finance;
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