Price Transmission and Factors Influencing the Price of Onions in Tanzania
Asian Journal of Agricultural Extension, Economics & Sociology · pp. 67–76 · Published 12 Apr 2020
10.9734/ajaees/2020/v38i330325Abstract
This article analyzes the transmission of prices between marketing agents and the factors affecting onion prices at the consumer level. The Error Correction Model-Engle Granger (ECM-EG) was used to test the price transmission by including the impact of the rise and fall of producer, wholesale and retail prices in past periods. The Error Correction Model (ECM) was applied to the factors affecting onion prices. The test results showed that price transmission was asymmetrical in the short and long-run. With regard to factors, the results show that consumer price in the short-run was influenced by wholesale prices, producer prices and the price of fuel while in the long-run it was influenced by wholesale prices, producer price, price of fuel and consumer prices in the previous period (t-1). These results suggest the existence of a short-term adjustment cost and a long-term market power which distorts price transmission.
Cited by 2
Mithuna Sivatharan, Buddhika Jayaneththi, Sajarupan Tharumaraja · 2023 3rd International Conference on Advanced Research in Computing (ICARC) · 2023
Resti Prastika Destiarni, Ahmad Zainuddin, Ahmad Syariful Jamil · E3S Web of Conferences · 2021
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