Testing Market Integration: New Approaches with Case Material from the West Bengal Food Economy.; Part I: A New Methodology and Its Application; Part II: An Institutional Approach to Price Behaviour
Testing Market Integration: New Approaches with Case Material from the West Bengal Food Economy.; Part I: A New Methodology and Its Application; Part II: An Institutional Approach to Price Behaviour
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测试市场整合：利用西孟加拉邦食品经济案例材料的新方法。
DOI：
10.1080/00220389308422304
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发表时间：
1993
期刊：
影响因子：
--
通讯作者：
Barbara Harriss
中科院分区：
文献类型：
--
作者：
T. Palaskas;Barbara Harriss
鉴于收到的方法的推论的危险，引入一种新的方法来提供一系列的测试，使用每周现货价格，以检查在西孟加拉的三个地点的市场商品价格的动态关系。测试表明，市场是一体化的，但较低程度的稻谷和大米价格的一体化被确定。完全市场一体化的假设被拒绝。结构和体制因素影响的具体表现。物理隔离、营销体系和合同形式的制度复杂性、资产的两极分化、资产专用性、信息和价格形成的制度控制、关联市场的不发达以及国家监管政策和自动监管反应的特殊实施都是解释的原因。
Given the inferential dangers of received methods, a new methodology is introduced to provide a sequence of tests, using weekly spot prices, to examine the dynamic relationship of market commodity prices in three locations in West Bengal. Tests suggest that the markets are integrated, but a lower degree of integration of paddy and rice prices is identified. The hypothesis of full market integration is rejected. Structural and institutional factors which affect the specifics of performance are identified. Physical isolation, the institutional complexity of marketing systems and contractual forms, the polarisation of assets, assets specificity, the institutional control of information and price formation, the underdevelopment of linked markets and the idiosyncratic implementation of state regulatory policy and auto‐regulatory responses enter the explanation.