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Modelling the behaviour of the spot prices of various types of coffee

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dc.creatorOtero Cardona, Jesús Gilbertospa
dc.creatorMilas, Costasspa
dc.date.accessioned2020-08-19T14:46:02Z
dc.date.available2020-08-19T14:46:02Z
dc.date.created1998-12-12spa
dc.description.abstractThis paper investigates long-run relationships among the spot prices of four coffee types. We find two cointegrating vectors: one between the prices of Other Milds and Colombian coffee, and the other one between Unwashed Arabicas and Robustas. Following Pesaran and Shin (1996), persistence profile analysis of the two cointegrating vectors shows a rapid adjustment towards their equilibrium value. This suggests that the four coffee markets are highly related, and that discrepancies in the equilibrium relationships are short-lived. Out of sample evaluation of the model is reasonably good, except for two occasions of sharp price increases following adverse weather conditions.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.22004/ag.econ.269244
dc.identifier.issnISSN: 0264-9993
dc.identifier.issnEISSN: 1873-6122
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/28139
dc.language.isoengspa
dc.publisherUniversity of Warwick - Department of Economicsspa
dc.relation.citationTitleEconomic Modelling
dc.relation.ispartofEconomic Modelling, ISSN: 0264-9993;EISSN: 1873-6122, (Dec 12, 1998); 18 pp.spa
dc.relation.urihttps://ageconsearch.umn.edu/record/269244spa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.sourceEconomic Modellingspa
dc.source.instnameinstname:Universidad del Rosario
dc.source.reponamereponame:Repositorio Institucional EdocUR
dc.subject.keywordCrop Production/industriesspa
dc.subject.keywordDemand and price analysisspa
dc.subject.keywordInstitutional and behavioral economicsspa
dc.titleModelling the behaviour of the spot prices of various types of coffeespa
dc.title.TranslatedTitleModelización del comportamiento de los precios spot de varios tipos de caféspa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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