Theoretical and Applied Economics
No. 3 / 2016 (608), Autumn
Commodity market integration and price transmission: Empirical evidence from India
North Orissa University, Baripada, India
Abstract. In the era of globalization markets are connected to each other not only to compete domestic products with international products to increase economic stand but also export the required products. Therefore, in the recent years markets are more vibrant and transparent in integration with each other. Over the last couple of years, it has been seen that commodity prices have increased and remained highly volatile not only in international market but in India. Therefore, this paper examines the market integration and price transmission in India using the time series techniques of cointegration and vector error correction models. The study finds that there is both short-run and long-run relationship between domestic commodity index (all commodity index, energy index and metal index) prices and international commodity index (all commodity index, energy index and metal index) prices. But, there is no relationship between domestic agriculture index price and international agriculture index price. The study also finds that except the agriculture index price, the change in domestic commodity index (all commodity index, energy index and metal index) prices are due to the change in international commodity index (all commodity index, energy index and metal index) prices.
Contents
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Statistical-econometric model used to analyze the operational and insolvency risks
Short and long term analysis of some factors effecting youth unemployment in Turkey
Determining the causal relationships among entrepreneurship, educational attainment and per capita GDP in high-income OECD countries
Assessment of the bankruptcy risk based on the solvency ratio
Using simulation and modeling to improve career management processes in organizations
Commodity market integration and price transmission: Empirical evidence from India
Testing the relationship between military spending and private investments: Evidence from Turkey
Growth-finance nexus: Empirical evidence from India
The importance and role of small and medium-sized businesses
Skill biased technological changes: Case of the MENA Region
Net earnings trends in the EU countries
Communication and PR in crisis situations