dc.contributor.author |
Abidoye, Babatunde O.
|
|
dc.contributor.author |
Labuschagne, Marlene Helena
|
|
dc.date.accessioned |
2014-10-07T09:38:54Z |
|
dc.date.issued |
2014-07 |
|
dc.description.abstract |
This paper seeks to provide an explanation for the relationship between
domestic maize price in South Africa and world maize prices in order to evaluate
co-movement and transmission of world prices to domestic prices in Sub-Sahara
African countries. This is done by comparing nested and non-nested models
that capture di erent forms of nonlinearity in the price spread. Adopting a
Bayesian approach that allows for comparison of models using Bayes Factor,
we found that the relationship between South African price and world price for
maize indicates the presence of nonlinearity in price transmission with three
regimes that is triggered by the price spread in previous period. |
en_US |
dc.description.embargo |
2015-07-31 |
|
dc.description.librarian |
hb2014 |
en_US |
dc.description.uri |
http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1574-0862 |
en_US |
dc.identifier.citation |
Abidoye, BO & Labuschagne, MH 2014, 'The transmission of world maize price to South African maize market: a threshold cointegration approach', Agricultural Economics, vol. 45, no. 4, pp. 501-512. |
en_US |
dc.identifier.issn |
0169-5150 (print ) |
|
dc.identifier.issn |
1574-0862 (online) |
|
dc.identifier.other |
10.1111/agec.12102 |
|
dc.identifier.uri |
http://hdl.handle.net/2263/42264 |
|
dc.language.iso |
en |
en_US |
dc.publisher |
Wiley |
en_US |
dc.rights |
© 2013 International Association of Agricultural Economists. This is the pre-peer reviewed version of the following article : The transmission of world maize price to South African maize market: a threshold cointegration approach, Agricultural Economics, vol. 45, no.4, pp. 501-512, 2014, doi : 10.1111/agec.12102. The definite version is available at : http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1574-0862. |
en_US |
dc.subject |
Import parity |
en_US |
dc.subject |
Export parity |
en_US |
dc.subject |
Autarky |
en_US |
dc.subject |
Bayes factor |
en_US |
dc.subject |
Transmission threshold cointegration |
en_US |
dc.title |
The transmission of world maize price to South African maize market : a threshold cointegration approach |
en_US |
dc.type |
Postprint Article |
en_US |