季节调整后的水果价格纵向传导机制研究

运用Granger检验分析了季节调整后的水果生产和零售价格之间的传导关系,并通过误差修正模型(ECM)探讨了它们之间的长期和短期动态关系.结果表明:水果市场价格仅存在从生产到零售的单向信息传导,这主要是由市场信息不对称和市场势力引起的;水果生产和零售价格之间存在协整关系,长期来看,水果零售价格和生产价格处于一种均衡状态,短期内,水果零售价格虽然有所波动,但是受到长期非均衡误差修正机制的制约,会调节至均衡状态.基于以上结论,就如何改善水果市场价格的非对称传导提出了建议.

Longitudinal transmission mechanism of seasonally adjusted fruit prices

This paper applied the Granger test to analyze the transmission relationship between the seasonal fruit production price and retail price, and built the error correction mode (ECM) to explore the long-term and short-term dynamic relationship between them. The results showed that there only existed one-way information transmission from production price to retail price in the fruit market. This was mainly caused by information asymmetry and market force. There was a cointegration relationship between fruit production price and retail price. In the long term, fruit production price and retail price stayed in a state of equilibrium. In the short term, although the fruit retail price fluctuated, it would be adjusted to equilibrium by long-term unbalanced error correction mechanism. Based on the above conclusions, the paper put forward suggestions on improving the asymmetric transmission for fruit market price.