Static versus dynamic model for estimating asymmetric price transmission in the Ghanaian maize market

dc.contributor.author	Acquah, Henry De-Graft
dc.contributor.author	Onumah, Edward Ebo
dc.date.accessioned	2020-12-15T14:35:50Z
dc.date.available	2020-12-15T14:35:50Z
dc.date.issued	2011
dc.identifier.issn	23105496
dc.identifier.uri	http://hdl.handle.net/123456789/4356
dc.description	5p:, ill.	en_US
dc.description.abstract	A conventional approach to analysing asymmetric price transmission involves the use of the Houck’s static model. This paper compares this time invariant approach to a dynamic variant of the model. The static model is a standard regression type model where parameters are assumed fixed over time, whereas the more flexible dynamic Houck’s model allows parameters to vary over time. The flexibility of the dynamic modelling revealed the existence of price asymmetry in the Ghanaian maize market. This result was not supported by the Houck’s static model. The results suggest that within the price transmission modelling framework, static and dynamic variants of the same approach may lead to differences in conclusion	en_US
dc.language.iso	en	en_US
dc.publisher	University of Cape Coast	en_US
dc.subject	Asymmetry	en_US
dc.subject	Model choice	en_US
dc.subject	Static	en_US
dc.subject	Dynamic	en_US
dc.title	Static versus dynamic model for estimating asymmetric price transmission in the Ghanaian maize market	en_US
dc.type	Article	en_US