Cotton Price Risk Management across Different Countries Report as inadecuate




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Cotton price relationships between major cotton producers and New York cotton December future price are investigated by the regression model, the VAR model and the error-correction model, the error-correction model generates the hedge ratios that display the largest value in size in most of the cases except Australia. The results indicate that the price relationships between US, China and Australia and New York Future market prices are much higher than the relationships between other cotton producers and New York Future market prices.

Keywords: cotton price ; New York future market prices ; the regression model ; the VAR model ; the error-correction model

Subject(s): Agribusiness

Agricultural Finance

Issue Date: Jan 16 2009

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/46762 Page range: 1-29

Total Pages: 29

Record appears in: Southern Agricultural Economics Association (SAEA) > 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia





Author: Wang, Qizhi ; Chidmi, Benaissa

Source: http://ageconsearch.umn.edu/record/46762?ln=en







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