Full-Text Search:
Home|Journal Papers|About CNKI|User Service|FAQ|Contact Us|中文
《Resources Science》 2010-11
Add to Favorite Get Latest Update

An Empirical Study on the Price Transmission of AgriculturalProducts between Production and Marketing in China

XU Shiwei,LI Zhemin,DONG Xiaoxia,LI Gangqiong(1.Agricultural Information Institute of Chinese Academy of Agricultural Sciences, Beijing 100081, China;2.Key Lab of Intelligent Agricultural Early Warning Technology of MOA, Beijing 100081, China;3.Key Lab of Intelligent Agricultural Early Warning Technology and System of Chinese Academy of Agricultural Sciences, Beijing 100081, China)  
The price transmission of China's agricultural products from the origin market to thesales market was analyzed in the present work, which would provide a basis for government toformulate macro-control policies related to agricultural product prices. The agricultural productsprice index (SCJG) and food retail price index (SPLS) were investigated. Based on annual data forthe period 1978-2009, the price transmission mechanism from the origin market SCJG to the salesmarket SPLS in China was examined using the vector error correction model (VECM), impulseresponse functions, and variance decomposition method. Results indicated that there was aco-integration relationship between the origin market price of agricultural products and the foodretail price in the long run. Positive correlation between SCJG and SPLS was observed,demonstrated by that a change of 1% in SCLG could cause a 1.080% change in LSJG. The resultsfrom the vector error correction model showed that short-term price fluctuations were essentiallyrestricted by the long-term equilibrium relationship of the price transmission of China'sagricultural products from the origin market to the sales market. The coefficient of VECM in theVEC model was 0.58, which is essentially consistent with the positive correction mechanism. Thismeans a fast response of variables adjusting to the equilibrium. Moreover, the deviation betweenprices could be automatically alleviated by that restriction, promoting a variety of prices toequilibrium. In the short term, the analysis results from the impulse response function and variancedecomposition method showed that pathways from retail food prices to agricultural productionprices were relatively smoothed, but there was a first-order lag of SCJG to SPLS on pricetransmission. Furthermore, the transmission effect of agricultural product price from the originmarket to the sales market was increasingly obvious as time went forward. The impact of the foodretail market price on agricultural product price in the origin market increased gradually but theeffect was negligible. Agricultural production costs and the dynamic monitoring and warningsystem should be continuously improved, which can guide rational agriculture production andpromote stable development of domestic agriculture.
【Fund】: “十一五”国家科技支撑计划重点项目:“农产品数量安全智能分析与预警的关键技术及平台研究”(编号:2009BADA9B01);; 农业部专项:“农业信息预警研究”的部分研究成果
【CateGory Index】: F323.7
Download(CAJ format) Download(PDF format)
CAJViewer7.0 supports all the CNKI file formats; AdobeReader only supports the PDF format.
Chinese Journal Full-text Database 10 Hits
1 ZHOU Wang-jun,GE Jian-ying,WANG Xiao-ning,HOU Shou-li (Price Department,National Development and Reform Commission,Beijing 100824,China);An Overview and Quantitative Analysis of Price Conduct[J];Journal of Beijing Jiaotong University(Social Sciences Edition);2008-02
2 FAN Run-mei1,PANG Xiao-peng2,WANG Zheng-nan(1.Feed Research Institute,Chinese Acadeny of Agricultural Science;2.School of Agriculture and RuralDevelopment,China Renmin University,Beijing,China);The Analysis of Wholesale-retail Marketing Margin and Price Transmission in Beijing Vegetable Markets[J];Commercial Research;2007-11
3 YUAN Chuang,LI Song-ling(Center of Economic Research of Hunan University,Changsha,Hunan 410079,China);An Empirical Research on Price Transmission among Industries in China:Based on VAR Models[J];The Theory and Practice of Finance and Economics;2009-04
4 Chen Langnan He Xiuhong Chen Yun;A Study of Transmission of RMB Exchange Rate Volitility to Prices[J];Studies of International Finance;2008-06
5 LUO Feng NIU Bao-jun;The Pass-through Effect of Fluctuation of International Agricultural Products on Domestic Agricultural Products:an Empirical Study Based on VAR Model[J];Journal of International Trade;2009-06
6 Shao Yongtong1,Gao Wangsheng2 (1.College of Economics and Management,China Agricultural University,Beijing 100083,China;2.Center of Regional Agriculture Research,China Agricultural University,Beijing 100094,China);Comparative Analysis on Price Pass-through Correlation between Futures Price and Spot Price in Wheat Market of China and US[J];Technology Economics;2008-11
7 Fengjing Cai Yuan Li Huimin Wang;The Analysis of Transmission on the Relationship among CPI,REI,PPI and the Index of House Price:Data from Shanghai[J];South China Journal of Economics;2008-06
8 WANG Yi,ZHOU Ying-heng,ZHAO Wen,LU Ling-xiao(College of Economics and Management,Nanjing Agricultural University,Nanjing 210095,China);Study on China apple market integration and price fluctuation[J];Journal of Nanjing Agricultural University;2008-01
9 ZHAO Rong,QIAO Juan(Collage of Economics and Management,China Agricultural University,Beijing 100083,China);Comparative analysis of cotton price transmission correlation of Sino-USA between futures market and cash market[J];Journal of China Agricultural University;2008-02
10 LI Sheng-jun(Department of Market Research,Medium Business Circulation Productivity Promotion Center,Beijing 100731,China);Empirical Analysis of China Urban and Rural Market Prices' Transmission Mechanism[J];Journal of Hubei University of Economics;2009-06
【Secondary Citations】
Chinese Journal Full-text Database 10 Hits
1 ZHOU Wang-jun,GE Jian-ying,WANG Xiao-ning,HOU Shou-li (Price Department,National Development and Reform Commission,Beijing 100824,China);An Overview and Quantitative Analysis of Price Conduct[J];Journal of Beijing Jiaotong University(Social Sciences Edition);2008-02
2 LI Rong-xi~1,CHEN Li~2 (1.School of Economics and Management,South West Jiaotong University,Chengdu,Sichuan 610031,China;2.Antai School of Management,Shanghai Jiaotong University,Shanghai 200052,China);Research on Consumer Perception of Price Fairness and Pricing Based on Multi-Reference Points[J];Commercial Research;2006-11
3 YAO Chuan-jiang~1, WANG Feng-hai~2(1.School of Economics, Dongbei University of Finance & Economics, Dalian Liaoning116025,China; 2.Dalian Commodity Exchange,Dalian Liaoning116023 China);An Empirical Study on the Efficiency of Agricultural Commodity Futures Markets in China: 1998—2002[J];Research On Financial and Economic Issues;2005-01
4 BI Yu-jiang~1,ZHU Zhong-di~2(1.School of International Business Administration,Shanghai University of Financeand Economics,Shanghai 200433,China;2.School of International Economyand Trade,Shanghai Institute of Foreign Trade,Shanghai 201600,China);The Transfer Effect of Changes in RMB Exchange Rates:An Empirical Research Based on the Co-integration and Error Correction Models[J];Journal of Finance and Economics;2006-07
5 WANG Sai-de ; PAN Rui-jiao I.Shanghai University of Finance and Economics, Shanghai 200433; Fudan University, Shanghai 200433;A Cointegration Test for China Wheat Futures Market Efficiency[J];Finance and Trade Research;2004-06
6 YANG Yan Liu Yu-lin;The Distortion of "Great Nation Effect" in the Grain Import Trade of China and Empirical Analysis[J];International Business;2006-04
7 YAN Tai hua, MENG Wei dong, LIU Yu yang (College of Business Management,Chongqing University,Chongqing 400044,China);An Empirical Study on the Cointegration Relationships between Futures Price and Spot Price of Copper and Mung Bean[J];JOURNAL OF CHONGQING UNIVERSITY(NATURAL SCIENCE EDITION);2000-04
8 L Jian;An Empirical Study of Pass-through Effect of RMB Exchange Rate Change on Domestic Prices[J];Studies of International Finance;2007-08
9 by Huang Jikun, Scoftt Rozelle, Xie Yuping and Zhang Min;The Consideration of the Impact of Entry into WTO upon China's Agriculture:Taken from the Aspect of the Degree of Protecting Produce Prices and Market Integration[J];Management World;2002-09
10 FENG Chun-shan,WU Jia-chun,JIANG Fu (School of Management, Shanghai Jiaotong University,Shanghai 200052,China);Study on time-varying hedge ratios in oil market[J];Journal of University of Shanghai For Science and Technology;2004-04
©2006 Tsinghua Tongfang Knowledge Network Technology Co., Ltd.(Beijing)(TTKN) All rights reserved