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Research Article

Agricultural Science Digest, volume 38 issue 4 (december 2018) : 260-264

Market integration of selected cotton markets in Haryana

V. Mahesh, R.K. Grover, R.S. Geetha
1Department of Agricultural Economics, CCS Haryana Agriculture University, Hisar-125 004, Haryana, India.
Cite article:- Mahesh V., Grover R.K., Geetha R.S. (2019). Market integration of selected cotton markets in Haryana. Agricultural Science Digest. 38(4): 260-264. doi: 10.18805/ag.D-4846.

ABSTRACT

The present study aimed to paper the co-integration among the selected cotton markets in Haryana. The monthly data on prices of cotton were collected for the period from 2005-06 to 2016-17. The advanced econometric tools like ADF test, Johansen co-integration test and Granger Causality test were used to study market integration. The price series of commodity namely cotton in selected markets showed the consequences of unit root and were stationary at first difference. The long run equilibrium relationship among the selected markets indicated that these were integrated with each other. This implies that prices in domestic markets of Haryana move together in response to changes in the demand and supply and cost of a product. Granger Causality test resulted Dabwali market as lead cotton market because it influenced the prices of most of selected cotton markets.

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