The extent of the world coffee market

Atanu Ghoshray

Research output: Contribution to journalArticle

  • 15 Citations

Abstract

This paper employs a novel method to determine whether the prices of various types of coffee are co-integrated. In the spirit of Stigler's arbitrage definition of the market, an attempt is made to test whether all the prices co-integrate in pairs, implying that there is a single market for coffee. This test for co-integration is carried out using both linear and non-linear approaches. This finding demonstrates that the conclusions drawn from the linear and non-linear tests may be drastically different.
LanguageEnglish
Pages97-107
Number of pages11
JournalBulletin of Economic Research
Volume62
Issue number1
DOIs
StatusPublished - Jan 2010

Fingerprint

Coffee
Single market
Integrated
Arbitrage
Cointegration

Cite this

The extent of the world coffee market. / Ghoshray, Atanu.

In: Bulletin of Economic Research, Vol. 62, No. 1, 01.2010, p. 97-107.

Research output: Contribution to journalArticle

Ghoshray, Atanu. / The extent of the world coffee market. In: Bulletin of Economic Research. 2010 ; Vol. 62, No. 1. pp. 97-107
@article{8b96d64dd2ec4aad8f832ed112bc78d0,
title = "The extent of the world coffee market",
abstract = "This paper employs a novel method to determine whether the prices of various types of coffee are co-integrated. In the spirit of Stigler's arbitrage definition of the market, an attempt is made to test whether all the prices co-integrate in pairs, implying that there is a single market for coffee. This test for co-integration is carried out using both linear and non-linear approaches. This finding demonstrates that the conclusions drawn from the linear and non-linear tests may be drastically different.",
author = "Atanu Ghoshray",
note = "ESTAR, extent of the market, non-linear adjustment, F15, Q13",
year = "2010",
month = "1",
doi = "10.1111/j.1467-8586.2009.00318.x",
language = "English",
volume = "62",
pages = "97--107",
journal = "Bulletin of Economic Research",
issn = "0307-3378",
publisher = "Wiley-Blackwell",
number = "1",

}

TY - JOUR

T1 - The extent of the world coffee market

AU - Ghoshray,Atanu

N1 - ESTAR, extent of the market, non-linear adjustment, F15, Q13

PY - 2010/1

Y1 - 2010/1

N2 - This paper employs a novel method to determine whether the prices of various types of coffee are co-integrated. In the spirit of Stigler's arbitrage definition of the market, an attempt is made to test whether all the prices co-integrate in pairs, implying that there is a single market for coffee. This test for co-integration is carried out using both linear and non-linear approaches. This finding demonstrates that the conclusions drawn from the linear and non-linear tests may be drastically different.

AB - This paper employs a novel method to determine whether the prices of various types of coffee are co-integrated. In the spirit of Stigler's arbitrage definition of the market, an attempt is made to test whether all the prices co-integrate in pairs, implying that there is a single market for coffee. This test for co-integration is carried out using both linear and non-linear approaches. This finding demonstrates that the conclusions drawn from the linear and non-linear tests may be drastically different.

UR - http://www.scopus.com/inward/record.url?scp=73549094244&partnerID=8YFLogxK

UR - http://dx.doi.org/10.1111/j.1467-8586.2009.00318.x

U2 - 10.1111/j.1467-8586.2009.00318.x

DO - 10.1111/j.1467-8586.2009.00318.x

M3 - Article

VL - 62

SP - 97

EP - 107

JO - Bulletin of Economic Research

T2 - Bulletin of Economic Research

JF - Bulletin of Economic Research

SN - 0307-3378

IS - 1

ER -