Supply Response In The Northeastern Fresh Tomato Market: Cointegration And Error Correction Analysis
This paper reexamines supply response in the Northeastern fresh tomato market during the 1949-94 period by employing cointegration and error correction technique. It tests whether there has been a long-run equilibrium relationship between Northeastern production and a set of price and nonprice factors that influence it. Findings suggest that wage rate, imports from competing regions, and urban pressure have had significant negative impacts on regional production. The negative relationship between price and production may have resulted from the strong negative effects exerted by the nonprice factors.
Volume (Year): 26 (1997)
Issue (Month): 2 (October)
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- Lopez, Rigoberto A. & Munoz, Arnold O., 1987. "Supply Response In The Northeastern Fresh Tomato Market," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 16(1), April.
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- Dunn, James W., 1981. "The Effect of Higher Energy Prices on the Competitive Position of Northeast Agriculture," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 10(2:), October.
- van den Berg, Hendrik & Jayanetti, Sanath C., 1993. "A novel test of the monetary approach using black market exchange rates and the Johansen-Juselius cointegration method," Economics Letters, Elsevier, vol. 41(4), pages 413-418.
- Nickell, Stephen, 1985. "Error Correction, Partial Adjustment and All That: An Expository Note," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 47(2), pages 119-29, May.
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