Assessment of Co-integration among Kinnow Markets in India
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Author: Amit Guleria , Kuljeet Kaur and Sachdeva * Jatind
Author Address: Department of Economics and Sociology, Punjab Agricultural University, Ludhiana-141004 (Punjab)
Keywords: Integration, kinnow, long-run and short-run relationship, stationarity.
JEL Codes: Q11, Q13.
Abstract
The present study analysed the weekly co-integration of kinnow prices among the major kinnow-producing states of India from 2005-06 to 2019-20. The results showed that markets moved together and were well integrated; however, integration was stronger in the case of closely situated markets compared to those markets with long distances between them. All the selected markets were found to be integrated and exhibited long-run relationships with each other. The Hoshiarpur market was a key market as it influenced the prices of other selected markets of the country. To fully integrate the market prices, the study suggested strengthening market intelligence services and improvements in market infrastructure, including storage, transportation, and other physical facilities.
Description
Indian Journal of Economics and Development
Volume 19 No. 1, 2023, 102-111
DOI: https://doi.org/10.35716/IJED/22017
NAAS Score: 5.15 (2023)
Indexed in SCOPUS and ESCI (Clarivate Analytics)
Journal Citation Indicator: 0.04 (WoS)
UGC Approved