Spatial integration and price transmission of chicken markets in Central Java, Indonesia / Panji Deoranto ; Jose M. Yorobe, Jr., chair, advisory committee.

Date

4-2011

Abstract

The study analyzed the spatial market integration and price transmission and proposed policy directions to enhance market efficiency of the chicken markets in Central Java Province, Indonesisa for the perod 2004-2009. Broiler and native chicken prices were increasing, especially during periods with religous activities. Broiler's prices at the farm level fluctuated more than the wholesale and retail levels. Augmented Dickey Fuller test results showed that there was sufficient evidence for the non-stationarity of proces in all market locations. However, differencing all prices at the first level resulted in a stationary process. Pearson correlation test showed a strong correlation between all market pairs indicating a higher degree of market integration. Four to five market pairs showed Granger Causality conditional at the farm, wholesale and retail levels. However, only a unidirectional price transmission was observed among market pairs. The Law of One Price test results indicated there were four co-integrated market pairs in each market level. The effect of imposition of import tariff policy was found significant in increasing prices at the retail level.

Document Type

Dissertation

Degree

Doctor of Philosophy in Agricultural Economics

College

Graduate School (GS)

Adviser/Committee Chair

Jose M. Yorobe Jr.

Committee Member

Zenaida M. Sumalde, Mario V. Perilla, Flordeliza A. Lantican

Language

English

LC Subject

Chicken industry -- Central Java (Indonesia), Meat industry and trade -- Standards -- Central Java (Indonesia), Agricultural Economics Department of Agricultural Economics

Location

UPLB Main Library Special Collections Section (USCS)

Call Number

LG 996 2011 A14 P36

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