The extent of the world coffee market

Atanu Ghoshray

Research output: Contribution to journalArticle

19 Citations (Scopus)

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.
Original languageEnglish
Pages (from-to)97-107
Number of pages11
JournalBulletin of Economic Research
Volume62
Issue number1
DOIs
Publication statusPublished - Jan 2010

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