Co-movement between futures prices can arise when commodities are substitutes. Counterintuitively, Dawson and White fail to find a significant long-run link between feed barley and wheat prices on the London International Financial Futures Exchange. This relationship is re-examined using...

This article examines the long-run relationship between per capita calorie intake, per capita income, and food prices using aggregate data for India, 1961–1992. Cointegration analysis yields an income elasticity of calorie intake of 0.34, while the food-price elasticity is insignificant. Thus,...

The Japanese farmland market is strongly regulated, although partial deregulation and decentralization are evident. This paper examines the relationship between farmland rents and prices in Japan using recent panel cointegration methods, which admit structural breaks. Results show the presence...

An unstable and erratic macroeconomy in an economy in transition might be expected to affect agricultural performance. This is tested for Bulgaria between 1992 and 1997 using impulse response functions from a vector autoregressive (VAR) model. Despite data limitations, it is found that shocks to...

This paper examines the farm—retail price spread for lamb from monthly UK data for 1979-1993. Using cointegration, it examines seasonal patterns in producer and retail prices and seeks to identify a long-run relationship between them. Results show that a long-run relationship exists, and that...

This note examines the existence of a long-run, cointegrating relationship between population and per capita GDP in India for 1950-93. Unit root tests show that per capita GDP is integrated of order one while population is integrated of order zero; further, estimation of the bi-variate...