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《On Economic Problems》 2018-01
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Analysis on Chinese Wheat Industry Chain Vertical Price Transmission and Market Integration

ZHANG Yi;HAO Xiao-yan;HAN Yi-jun;College of Economics and Management China Agricultural University;Institute of Scientific and Technical Information,CATAS;  
This article has carried on the empirical research on Chinese wheat industrial chain longitudinal price conduction and market integration,by monthly price data of wheat and flour from January 1998 to December 2016.First,under the linear assumptions,through the cointegration test,verified the long-term co-integration relationship in the price between wheat and flour. Then established LSTR1 and LSTR2 model respectively based on the price of wheat and flour,and analyzed the nonlinear relationship empirically between wheat and flour prices. Results showed that flour price had greater influence on the price of wheat,especially under the nonlinear system.Therefore,this paper proposed,the market main body should not only pay attention to the fluctuations in prices and make sure the price information transmission channels unobstructed,but also to grasp the law of the transformation on the price of wheat flour in different area,in order to adjust both production and processing,and to achieve each link on the industrial chain value-added more efficiently.
【Fund】: 现代农业产业技术体系建设专项资金项目(CARS-03)
【CateGory Index】: F224;F323.7
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