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Analysis of asymmetric price transmission of selected vegetables in Peninsular Malaysia

The wholesalers are practicing strategic pricing behavior in Malaysian vegetables markets to the extents that increase in the farm products prices were not fully transmitted to farmers as decrease, resulting to marketing inefficiency and loss of farmer’s income. Thus, the study aims to examine the e...

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Main Authors: Mohamed, Zainal Abidin, Illiyasu, Abdullahi
格式: Article
語言:English
出版: Institute for Mathematical Research, Universiti Putra Malaysia 2017
在線閱讀:http://psasir.upm.edu.my/id/eprint/51706/1/6.%20Abdullahi%20Iliyasu.pdf
http://psasir.upm.edu.my/id/eprint/51706/
http://einspem.upm.edu.my/journal/fullpaper/vol11sfeb/6.%20Abdullahi%20Iliyasu.pdf
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spelling my.upm.eprints.517062017-04-27T09:55:50Z http://psasir.upm.edu.my/id/eprint/51706/ Analysis of asymmetric price transmission of selected vegetables in Peninsular Malaysia Mohamed, Zainal Abidin Illiyasu, Abdullahi The wholesalers are practicing strategic pricing behavior in Malaysian vegetables markets to the extents that increase in the farm products prices were not fully transmitted to farmers as decrease, resulting to marketing inefficiency and loss of farmer’s income. Thus, the study aims to examine the existence of asymmetric price transmission (APT) in the vegetables supply chain of Peninsular Malaysia. Monthly data on farms, retails, and wholesale prices of two selected vegetables (Mustard and Spinach) for the period of ten years were sourced from federal agricultural marketing authority (FAMA). The data were analysis using Houck model to investigate for APT. The findings shows that relationship along the supply chain of selected vegetables were bidirectional. However, the results indicates that wholesale price reacts faster on price increase than price decrease to the changes made by farmers. On the other hand, farm prices response faster on price decrease than price increase as wholesaler change their prices. Besides, a long run estimation of price transmission for both vegetables revealed that wholesaler increases their price more than changes made by either retailers or farmers. Thus, the findings suggested that wholesalers exert market power in the vegetable industry. Institute for Mathematical Research, Universiti Putra Malaysia 2017 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/51706/1/6.%20Abdullahi%20Iliyasu.pdf Mohamed, Zainal Abidin and Illiyasu, Abdullahi (2017) Analysis of asymmetric price transmission of selected vegetables in Peninsular Malaysia. Malaysian Journal of Mathematical Sciences, 11 (spec. Feb.). pp. 87-100. ISSN 1823-8343; ESSN: 2289-750X http://einspem.upm.edu.my/journal/fullpaper/vol11sfeb/6.%20Abdullahi%20Iliyasu.pdf
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description The wholesalers are practicing strategic pricing behavior in Malaysian vegetables markets to the extents that increase in the farm products prices were not fully transmitted to farmers as decrease, resulting to marketing inefficiency and loss of farmer’s income. Thus, the study aims to examine the existence of asymmetric price transmission (APT) in the vegetables supply chain of Peninsular Malaysia. Monthly data on farms, retails, and wholesale prices of two selected vegetables (Mustard and Spinach) for the period of ten years were sourced from federal agricultural marketing authority (FAMA). The data were analysis using Houck model to investigate for APT. The findings shows that relationship along the supply chain of selected vegetables were bidirectional. However, the results indicates that wholesale price reacts faster on price increase than price decrease to the changes made by farmers. On the other hand, farm prices response faster on price decrease than price increase as wholesaler change their prices. Besides, a long run estimation of price transmission for both vegetables revealed that wholesaler increases their price more than changes made by either retailers or farmers. Thus, the findings suggested that wholesalers exert market power in the vegetable industry.
format Article
author Mohamed, Zainal Abidin
Illiyasu, Abdullahi
spellingShingle Mohamed, Zainal Abidin
Illiyasu, Abdullahi
Analysis of asymmetric price transmission of selected vegetables in Peninsular Malaysia
author_facet Mohamed, Zainal Abidin
Illiyasu, Abdullahi
author_sort Mohamed, Zainal Abidin
title Analysis of asymmetric price transmission of selected vegetables in Peninsular Malaysia
title_short Analysis of asymmetric price transmission of selected vegetables in Peninsular Malaysia
title_full Analysis of asymmetric price transmission of selected vegetables in Peninsular Malaysia
title_fullStr Analysis of asymmetric price transmission of selected vegetables in Peninsular Malaysia
title_full_unstemmed Analysis of asymmetric price transmission of selected vegetables in Peninsular Malaysia
title_sort analysis of asymmetric price transmission of selected vegetables in peninsular malaysia
publisher Institute for Mathematical Research, Universiti Putra Malaysia
publishDate 2017
url http://psasir.upm.edu.my/id/eprint/51706/1/6.%20Abdullahi%20Iliyasu.pdf
http://psasir.upm.edu.my/id/eprint/51706/
http://einspem.upm.edu.my/journal/fullpaper/vol11sfeb/6.%20Abdullahi%20Iliyasu.pdf
_version_ 1643835031414636544
score 13.251813

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