An Empirical Study on the Relationship between Corn Futures Prices of China and the United States

• Autorzy: Qiu Mengyuan
• Języki publikacji: EN

Abstrakty

EN

The futures prices of Chinese agricultural products are generally followed by the Chicago commodity exchange futures prices. The main reason for this study is to test the relationship between corn futures prices in China and the United States. The Johansen Co-integration test and VECM are employed in this paper. The results indicated that corn futures prices in America had a significant effect on prices of China. There is a long-term relationship of association between the two variables. By comparison, the information in the corn market of America transfers faster and the U.S. corn futures market plays a leading role. This research also put forward some suggestions about how to promote the development of China's corn futures market. (original abstract)

Słowa kluczowe

EN

Agricultural products; Agricultural prices; Vector error correction model (VECM)

PL

Produkty rolne; Ceny produktów rolnych; Model wektorowej korekty błędem

• Czasopismo: Journal of International Studies
• Rocznik: 2015
• Tom: 8
• Numer: nr 3
• Strony: 191--200

Twórcy

autor

Qiu Mengyuan

• Ocean University of China, China

Bibliografia

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Identyfikatory

DOI

10.14254/2071-8330.2015/8-3/15