文章基本信息

标题：Transmissão de preços no mercado internacional de café robusta
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作者：Cunha, Denis Antonio da ; Braga, Marcelo Jose ; Campos, Antonio Carvalho 等
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2008
卷号：39
期号：SUPPL
出版社：Food Distribution Research Society
摘要：The robusta coffee market has experienced changes which are characterized by a growth in the demand and the confirmation of Vietnam as the world’s greater producer and exporter leaving behind traditional producers as Indonesia. These changes motivated the analysis of international price integration and the main markets of this commodity: Vietnam, Brazil, Indonesia and India. It was tested the hypothesis that Vietnam transmits prices shocks to the other markets. The framework used the analysis of co-integration and the Vector Error Correction (VEC) model. It was shown that, in the period from 1988 to 2005, the foreign price and the ones from Vietnam, Brazil and Indonesia were integrated and the India’s price was affected by factors that are not common to the other countries. There was no perfect integration and Vietnam, although important, wasn’t the more interdependent market.
关键词：Robusta coffee;Price transmission;Market integration;VEC