Price Transmission in Ethiopia’s Coffee Value Chain

• 발행기관: 한국농업경제학회
• 저자명: Kyung-Ryang Kim Jemal Abafita
• 간행물 정보: 『농업경제연구』55권 3호, 165~null쪽, 전체 -164쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2014.09.30

영문 초록

Coffee has been and still remains the leading cash crop and export commodity of Ethiopia. In this study, we reviewed the coffee marketing and supply chain with the purpose of analyzing the pattern of price transmission between world price and producer prices. An Error Correction Model (ECM) was employed to analyze the pattern of price transmission between world price and producer prices focusing on both the long-run and short-run adjustments. Data on producer and world coffee prices from 1998/99–2011/12 were used for the analysis. The results revealed that the long-run relationship between world and domestic (producer) prices was significant implying that Ethiopian coffee market is well integrated into the international market. We also found that the Granger causality runs from producers to the global markets and not the reverse. This implies that prices are determined at the farm-gate and are then passed on to the export market. Furthermore, the short-term price trans-mission dynamics was found to be asymmetric with regard to adjustments towards the long-run equilibrium.

목차

Ⅰ. Introduction

Ⅱ. The Coffee Industry in Ethiopia

Ⅲ. DATA AND METHODOLOGY

IV. ESTIMATION RESULTS AND DISCUSSION

V. SUMMARY AND CONCLUSION

키워드

Coffee value chain Ethiopia producer price price transmission