Causality and Cointegration between Indica and Japonica Rice

• 영문명: Causality and Cointegration between Indica and Japonica Rice
• 발행기관: 한국농식품정책학회
• 저자명: Kyoung In Choe Eunhee Lee Doo Bong Han
• 간행물 정보: 『농업경영.정책연구』농업경영·정책연구 43권 2호, 426~442쪽, 전체 17쪽
• 주제분류: 농수해양 > 식품과학
• 파일형태: PDF
• 발행일자: 2016.06.30

영문 초록

This study analyzed the market integration between Indica and Japonica rice using causality and cointegration tests. The three main results are found in this study. First of all, five rice markets have no long-run relationship. Secondly, Indica rice prices lead global rice prices. Lastly, Korean and Japanese rice prices have no relationship with other rice prices. Japan opened its rice markets through tariffication in 1999. However, due to the high level of tariff on imported rice and income support programs, Japanese rice price has isolated from global rice prices. Thus, we may expect that Korean rice market would be temporarily isolated from international rice market even after the rice tariffication in the case that the government keep maintaining high tariff rates and protective measures. However, as border protection measures will be reduced continuously, Korea should improve production and marketing efficiencies of domestic rice in the future.

목차

Ⅰ. Introduction

Ⅱ. Literature Review

Ⅲ. Methodology

Ⅳ. Data and Empirical Results

Ⅴ. Conclusion

키워드

Rice Market Integration Cointegration Granger Causality