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Analysis of Spatial Cointegration amongst Major Wholesale Egg Markets in India

机译:印度主要鸡蛋批发市场之间的空间协整分析

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The performance of egg market has been studied through measurement of oneness in the egg markets. For this purpose, the Engle-Granger Cointegration test procedure has been applied to egg price series for major wholesale egg markets in the country, viz. Nammakal (Tamil Nadu), Calcutta, Chennai, Bangalore, Delhi and Hyderabad for the period 1982 to 2000. The study has indicated that the six major wholesale egg markets in the country are cointegrated apparently due to performance of market intelligencefunctions by the National Egg Coordination Committee (NECC) which helps in transmitting price signals across the length and breadth of the country through print media on day-to-day basis. The high degree of cointegration amongst various markets indicatesthat these markets are competitive and efficient at the wholesale levels. However, it still remains to be examined whether the poultry farmers and traders at the grass-root level are able to realize the prices declared by the NECC.
机译:通过测量鸡蛋市场的整体性,研究了鸡蛋市场的表现。为此,已对该国主要的批发鸡蛋市场的鸡蛋价格系列应用了Engle-Granger协整测试程序。 Nammakal(泰米尔纳德邦),加尔各答,钦奈,班加罗尔,德里和海得拉巴在1982年至2000年期间。该研究表明,该国的六个主要批发鸡蛋市场显然是由于国家鸡蛋协调机构发挥了市场情报职能而共同整合的。委员会(NECC)每天通过印刷媒体帮助在全国范围内传播价格信号。各个市场之间高度的协整关系表明,这些市场在批发水平上具有竞争力和效率。但是,基层的家禽养殖者和贸易商是否能够实现NECC宣布的价格,仍有待研究。

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