A Path Analysis of Factors Influencing Price Volatility of Agricultural Products——Based on the Monthly Data from 2000 to 2013
[an error occurred while processing this directive]
Abstract To study the significant factors for price volatility of agricultural products and their direct impact and indirect impact, the paper identifies significant factors influencing price volatility of agricultural products by multivariate stepwise regression method based on the data from January 2000 to June 2013. Then the path analysis method is used to study direct and indirect effect of international commodity prices, inflation and other factors on agricultural prices. The results show that the money and inflation are the dominant factors with the biggest direct effect. Other factors affect the price mainly through these two factors. The influence of international commodity prices and the cost of agricultural production ranks the second. Direct effect of international oil price is small while its indirect impact is very big through inflation and the cost of agricultural production. The influence of urban residents’ income is not obvious.
FU Lian-Lian,DENG Qun-Zhao. A Path Analysis of Factors Influencing Price Volatility of Agricultural Products——Based on the Monthly Data from 2000 to 2013. Economic Survey, 2014, 31(6): 029.
2014, Vol. 31 
[an error occurred while processing this directive] | [an error occurred while processing this directive]
