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Ghahremanzadeh, M., Pishbahar, E., Salehnia, M. (2018). Seasonal Cointegration and Seasonal Error Correction Model: Application for Analyzing Seasonal Behavior of Egg Market in North-West Provinces. , 49(1), 1-11. doi: 10.22059/ijaedr.2018.66022
Mohammad Ghahremanzadeh; Esmaeil Pishbahar; Mina Salehnia. "Seasonal Cointegration and Seasonal Error Correction Model: Application for Analyzing Seasonal Behavior of Egg Market in North-West Provinces". , 49, 1, 2018, 1-11. doi: 10.22059/ijaedr.2018.66022
Ghahremanzadeh, M., Pishbahar, E., Salehnia, M. (2018). 'Seasonal Cointegration and Seasonal Error Correction Model: Application for Analyzing Seasonal Behavior of Egg Market in North-West Provinces', , 49(1), pp. 1-11. doi: 10.22059/ijaedr.2018.66022
Ghahremanzadeh, M., Pishbahar, E., Salehnia, M. Seasonal Cointegration and Seasonal Error Correction Model: Application for Analyzing Seasonal Behavior of Egg Market in North-West Provinces. , 2018; 49(1): 1-11. doi: 10.22059/ijaedr.2018.66022

Seasonal Cointegration and Seasonal Error Correction Model: Application for Analyzing Seasonal Behavior of Egg Market in North-West Provinces

تحقیقات اقتصاد و توسعه کشاورزی ایران
Article 1, Volume 49, Issue 1, February 2018, Pages 1-11    PDF (383.22 K)
Document Type: Research Paper
DOI: 10.22059/ijaedr.2018.66022
Authors
Mohammad Ghahremanzadeh* 1; Esmaeil Pishbahar2; Mina Salehnia3
1Associate Professor, Agricultural Economics, University of Tabriz
2ََAssistant Professor, Agricultural Economics, University of Tabriz
3PhD. Student, Agricultural Economics, University of Tabriz
Abstract
The Seasonal behavior of agricultural prices is generally a main feature of the market. In recent decades, there has been significant interest for modeling non-adjusted seasonal time series and this issue was seen as an important field in econometrics. Therefore, this study aims to analyze seasonal behavior of egg market in north-west provinces, using quarterly retail prices for the period from 1381 to 89. The EGHL-type seasonal cointegration test and seasonal error correction model (SECM) were applied. Results confirmed the existence of seasonal behavior at all frequencies. There were evidences of some cointegrating relationships at the long run frequencies between five egg price pairs of West Azerbaijan- East Azerbaijan, Ardabil-Zanjan, Zanjan-Ardabil provinces and in the annual frequencies between Ardabil-East Azerbaijan and Kordestan-Zanjan provinces. According to the estimated adjusted speeds parameters in SECM, the egg prices adjust to equilibrium after a shock. According to the results of price seasonal cointegration between regions, it is recommended that the egg price stabilization policy in a province be made in coordination with other province.
Keywords
EGHLseasonal cointegration test; Egg market; Seasonal behavior; Seasonal error correction ‎model.‎
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