Full-Text Search:
Home|Journal Papers|About CNKI|User Service|FAQ|Contact Us|中文
《Barley and Cereal Sciences》 2007-01
Add to Favorite Get Latest Update

An Empirical Study of Price Behavior of Chinese Wheat Futures

CAI Hui(Nanjing University of Finance and Economics nanjing 210046)  
China is a large agricultural country,is the world's largest wheat-producing country.This paper studies the Zhengzhou Commodity Exchange(CZCE) wheat futures for nearly four years,the return rate,and GARCH effect.The paper also analyzes the co-integration test wheat futures prices and the relationship between the spot price.The research findings : the long-run equilibrium relationship between futures prices and the spot price,but the price discovery function of wheat futures market is very weak.Wheat is one of the most important food crops.For this reason,the wheat still directly or indirectly subject to macroeconomic controls.
【CateGory Index】: F724.5;F224
Download(CAJ format) Download(PDF format)
CAJViewer7.0 supports all the CNKI file formats; AdobeReader only supports the PDF format.
©2006 Tsinghua Tongfang Knowledge Network Technology Co., Ltd.(Beijing)(TTKN) All rights reserved