An application of the von cramon-taubadel and loy error correction models in analyzing asymmetric adjustment between retail and wholesale maize prices in Ghana

dc.contributor.author	Acquah, Henry De-graft
dc.contributor.author	Dadzie, Samuel Kwesi Ndzebah
dc.date.accessioned	2020-12-10T11:53:21Z
dc.date.available	2020-12-10T11:53:21Z
dc.date.issued	2020-02
dc.identifier.issn	23105496
dc.identifier.uri	http://hdl.handle.net/123456789/4283
dc.description	106p:, ill.	en_US
dc.description.abstract	Previous studies analyzing asymmetric price transmission have been based on an econometric specification that is shown to be inconsistent with cointegration. This study draws on the concept of cointegration to implement the von Cramon-Taubadel and Loy error correction approach in analyzing retail-wholesale maize price transmission in Ghana. Asymmetries are modeled to affect the direct impact of price increases and decreases as well as adjustments to the equilibrium level. The analysis demonstrates that transmission between retail and wholesale maize prices in Ghanaian maize market is asymmetric. In accordance with common belief, retailers react more quickly to increasing wholesale prices than decreasing wholesale prices	en_US
dc.language.iso	en	en_US
dc.publisher	University of Cape Coast	en_US
dc.subject	Asymmetric	en_US
dc.subject	Adjustments	en_US
dc.subject	Cointegration	en_US
dc.subject	, Error correction model	en_US
dc.title	An application of the von cramon-taubadel and loy error correction models in analyzing asymmetric adjustment between retail and wholesale maize prices in Ghana	en_US
dc.type	Article	en_US