Academic Journal
Price flexibility of world market for cocoa beans
| العنوان: | Price flexibility of world market for cocoa beans |
|---|---|
| المؤلفون: | Pavel Syrovátka |
| المصدر: | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Vol 57, Iss 6, Pp 267-274 (2009) |
| بيانات النشر: | Mendel University Press, 2009. |
| سنة النشر: | 2009 |
| المجموعة: | LCC:Agriculture LCC:Biology (General) |
| مصطلحات موضوعية: | world market for cocoa beans, autoregressive price model, price flexibility of cocoa market, current price flexibility, dynamic price flexibility, long-term price flexibility, Agriculture, Biology (General), QH301-705.5 |
| الوصف: | The article is focused on the quantitative analysis of the price flexibility of the world market for the cocoa beans. The ICCO databases from 1960/1961 to 2005/2006 crop years were used for this analysis. In the investigated time period, the analysis of the price flexibility was based on the autoregressive form of the price model with the log-linear construction: lnpt = 2.6824 − 0.4041 × lnstgt + 0.8301 × lnpt−1 + ut. The values of the parameters of the autoregressive price model were estimated using OLS. The developed model was statistically significant in all evaluated respects (F-test, T-tests and Durbin’s h-test). Within the analysis of the world market for the cocoa beans, the current, dynamic, long-term and long-equilibrium coefficients of price flexibility were evaluated. According to applied log-linear construction of the autoregressive price model, the level of the current price flexibility of the world market for the cocoa beans was −0.4041, the dynamic price flexibility of the first order achieved the value of −0.3354 and the long-equilibrium price flexibility of the world market for the cocoa beans takes the value of −2.3784. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English |
| تدمد: | 1211-8516 2464-8310 |
| Relation: | https://acta.mendelu.cz/57/6/0267/; https://doaj.org/toc/1211-8516; https://doaj.org/toc/2464-8310 |
| DOI: | 10.11118/actaun200957060267 |
| URL الوصول: | https://doaj.org/article/5229eaa7551743689a5d8db40c2182ee |
| رقم الانضمام: | edsdoj.5229eaa7551743689a5d8db40c2182ee |
| قاعدة البيانات: | Directory of Open Access Journals |
| تدمد: | 12118516 24648310 |
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| DOI: | 10.11118/actaun200957060267 |