tailieunhanh - Market integration of major maize markets in Telangana state

Market integration of agricultural products gained importance in developing countries due to its potential application to develop the national economy. The analysis of prices and market arrivals over time is important to know the fluctuations in them and it also helps to formulate appropriate ways and means for reducing price fluctuations of agricultural commodities. | 2019 8 12 1583-1591 EXCELLENT PUBLISHERS International Journal of Current Microbiology and Applied Sciences ISSN 2319-7706 Volume 8 Number 12 2019 Journal homepage http Original Research Article https Market Integration of Major Maize Markets in Telangana State Bandi Srikanth K. V. Deshmukh and S. S. More Department of Agricultural Economics College of Agriculture Vasantrao Naik Marthwada Krishi Vidyapeeth Parbhani Maharastra India Corresponding author ABSTRACT Keywords Market integration Augmented DickeyFuller Cointegration Vector error correction Prices and arrivals Article Info Accepted 12 November 2019 Available Online 10 December 2019 Market integration of agricultural products gained importance in developing countries due to its potential application to develop the national economy. The analysis of prices and market arrivals over time is important to know the fluctuations in them and it also helps to formulate appropriate ways and means for reducing price fluctuations of agricultural commodities. The present study was carried out by employing the integration of maize among major markets different tests namely Augmented Dickey-Fuller ADF unit root test Johansen co-integration test Granger causality test and Vector error correction method were carried out. The selections of the markets were based on the maximum quantity of arrivals of maize among the markets of Telangana state. The results of the study confirmed that markets are having long run equilibrium relationship and major markets of maize in Telangana state are integrated. All the three maize markets are highly co-integrated may be because of better marketing infrastructure existence of cooperatives easy flow of market information. High magnitude of speed of error correction indicates that markets are efficient in transmitting price signals. Introduction Agriculture is an important sector to fuel in economic growth and it .