Effects of international grain prices on volatility of domestic grain prices in 24 developing countries

Shuqin Yan, Hiroshi Kameyama, Hiroshi Isoda, Jiarong Qian, Ito Shoichi

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

This paper discusses transmission relationships of price volatility relationships between the international and domestic prices of three grains in 24 developing countries during 2005 to 2013, using a modified Generalized Auto Regressive Conditional Heteroskedasticity (GARCH) models. Findings indicate that the international price of rice exerts significant negative effects on the volatility of domestic rice prices in Burundi and Tunisia, and significant positive effects in Chad and Sri Lanka; in addition, international wheat prices have significant negative effects on the volatility of domestic wheat prices in Brazil and Mauritania; further, international prices for maize exert significant effects on the volatility of domestic maize prices in the Dominican Republic, Niger and the Philippines. Volatility in international rice price has significant positive impact on the volatility of rice prices in Nicaragua, however, it has a significant negative affect in Cape Verde; the volatility of international wheat price has significant positive influence in Georgia and Mauritania.

Original languageEnglish
Pages (from-to)225-232
Number of pages8
JournalJournal of the Faculty of Agriculture, Kyushu University
Volume61
Issue number1
Publication statusPublished - Feb 1 2016

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Volatilization
Developing Countries
developing countries
Mauritania
Triticum
rice
wheat
Zea mays
Cape Verde
Burundi
Chad
Dominican Republic
Nicaragua
heteroskedasticity
Niger
Sri Lanka
Tunisia
Philippines
corn
automobiles

All Science Journal Classification (ASJC) codes

  • Biotechnology
  • Agronomy and Crop Science

Cite this

Effects of international grain prices on volatility of domestic grain prices in 24 developing countries. / Yan, Shuqin; Kameyama, Hiroshi; Isoda, Hiroshi; Qian, Jiarong; Shoichi, Ito.

In: Journal of the Faculty of Agriculture, Kyushu University, Vol. 61, No. 1, 01.02.2016, p. 225-232.

Research output: Contribution to journalArticle

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