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Price Cointegration and Leadership in Regional Tilapia and Roundscad Markets in the Philippines, 1990-2007

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  • Garcia, Yolanda T.
  • Garcia, Maria Esperanza T.
  • Lantican, Flordeliza A.

Abstract

This study aims to investigate the price dynamics between the wholesale and retail prices of roundscad and tilapia in the regional markets of the Philippines. It also seeks to analyze how the observed dynamics in these prices could be linked to the development in market-related infrastructures that can promote trade, e.g., telecommunication and transportation facilities. Results of the study reveal that there is a general decrease in the number of regions that show cointegrated wholesale and retail prices over time in both fish species. Moreover, price leadership under the “Granger-causality” sense (of either wholesale or retail price) seems to diminish in the recent years for both markets. These results suggest that the development in telecommunication and transportation facilities that generally facilitate the movements of fish from one supply point to another could increase price competition in these markets leading to more uniform prices, thus reducing the influence of a dominant price

Suggested Citation

  • Garcia, Yolanda T. & Garcia, Maria Esperanza T. & Lantican, Flordeliza A., 2015. "Price Cointegration and Leadership in Regional Tilapia and Roundscad Markets in the Philippines, 1990-2007," Journal of Economics, Management & Agricultural Development, Journal of Economics, Management & Agricultural Development (JEMAD), vol. 1(2), December.
    • Handle: RePEc:ags:pjemad:309264
    DOI: 10.22004/ag.econ.309264
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    References listed on IDEAS

    as
    1. Barry K. Goodwin & Nicholas E. Piggott, 2001. "Spatial Market Integration in the Presence of Threshold Effects," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(2), pages 302-317.
    2. Barry K. Goodwin & Ted C. Schroeder, 1991. "Cointegration Tests and Spatial Price Linkages in Regional Cattle Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(2), pages 452-464.
    3. Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
    4. Granger, C. W. J., 1988. "Some recent development in a concept of causality," Journal of Econometrics, Elsevier, vol. 39(1-2), pages 199-211.
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