China's price fluctuations increasingly exhibit significant structural characteristics,and since 2003,there have been several rounds of significant structural price rise.The degree of structural rise in the prices...China's price fluctuations increasingly exhibit significant structural characteristics,and since 2003,there have been several rounds of significant structural price rise.The degree of structural rise in the prices of industrial and agricultural products in China is not only higher than in the general developed countries and developing countries,but also more prominent than in other transition economies.And the structural rise in the prices of Chinese industrial and agricultural products exhibits significant economic zone differences:the structural fluctuations are the greatest in the central and western regions,significantly higher than in the eastern regions as well as the national average.From the perspective of causes of structural rise in the prices of Chinese industrial and agricultural products,the government must aim to coordinate the industrial and agricultural investments and bridge the gap in the industrial and agricultural technologies and supply capacity.展开更多
Based on the research introduction of domestic and foreign scholars,dynamic equilibrium between the rural labor force flow and the price of agricultural product is analyzed by VEC model,according to the data of the ru...Based on the research introduction of domestic and foreign scholars,dynamic equilibrium between the rural labor force flow and the price of agricultural product is analyzed by VEC model,according to the data of the rural labor force flow and the price of agricultural products in the years 1990-2007.Chows breakpoint test is used to measure the stage characteristics of the impact of rural labor force flow on the price of agricultural product.Result shows that there is a long-term and stationary relationship between the flow quantity of rural labor force and the price of agricultural product.Rural labor force flow,as an exogenous force,affects the agricultural production,and further influences the price fluctuation of agricultural products.Impact of rural labor force flow on the price of agricultural product is from weak to strong,then grows gradually weaker,and reaches its peak value at the year 1998.With the development of rural society and economy and the market process,rural labor force flow endogenously affects the price of agricultural product,which has periodic characteristics.In order to achieve a dual stabilization of the rural labor force flow and the price of agricultural products,the following countermeasures are put forward:vigorously developing vocational education,increasing the support for agricultural production,and making active employment measures.展开更多
Using " chain-based and constant-based" two-step method,this paper measured Paasche net barter terms of trade index for SinoAustralian agricultural products from 2001 to 2013,and further calculated contribut...Using " chain-based and constant-based" two-step method,this paper measured Paasche net barter terms of trade index for SinoAustralian agricultural products from 2001 to 2013,and further calculated contribution of each category of agricultural products to changes in overall net barter terms of trade. The results showed that since 2001,the overall net barter terms of trade for Sino-Australian agricultural products fluctuated between deterioration and improvement. In 2013,the net barter terms of trade index was 1. 02,and its improvement is not significant. From 2001 to 2013,the net barter terms of trade for Sino-Australian agricultural products improved about 16. 44%,which dominated by the category 0 agricultural products whose influence degree is 6 times and 28 times the degree of category 4 and category 1. In years when the net barter terms of trade for Sino-Australian agricultural products deteriorated,category 2 agricultural products were the root cause for the deterioration.展开更多
This paper studies how the price movements of pork,chicken and egg respond to those of related cost factors in short terms in Chinese market.We employ a linear quantile approach not only to explore potential data hete...This paper studies how the price movements of pork,chicken and egg respond to those of related cost factors in short terms in Chinese market.We employ a linear quantile approach not only to explore potential data heteroscedasticity but also to generate confidence bands for the purpose of price stability study.We then evaluate our models by comparing the prediction intervals generated from the quantile regression models with in-sample and out-of-sample forecasts.Using monthly data from January 2000 to October 2010,we observed these findings:(i) the price changes of cost factors asymmetrically and unequally influence those of the livestock across different quantiles;(ii) the performance of our models is robust and consistent for both in-sample and out-of-sample forecasts;(iii) the confidence intervals generated from 0.05th and 0.95th quantile regression models are good methods to forecast livestock price fluctuation.展开更多
Factors leading to rise of prices of agricultural products mainly include tension of supply-demand relationship,promotion of production cost and circulation cost,and speculation of Refugee Capital(Hot Money).Factors l...Factors leading to rise of prices of agricultural products mainly include tension of supply-demand relationship,promotion of production cost and circulation cost,and speculation of Refugee Capital(Hot Money).Factors leading to low price and difficult sales of agricultural products mainly include asymmetry of supply-demand information,lack of risk management tools for prices of agricultural products and decentralized and small-scaled operation of farmers.On the basis of these factors,this paper presents following countermeasures and suggestions for stabilizing prices of agricultural products:firstly,building long-effect mechanism for production and sales of agricultural products;secondly,expand the production and increase supply of agricultural products;thirdly,control the rising range of production cost for agricultural products;fourthly,enhance organization level of farmers;fifthly,promote innovation and development of risk management tools for prices of agricultural products.展开更多
Taking the price of grain in Guizhou Province as an example, by establishing GARCH model, I calculate VAR of logarithm return of grain price index, in order to conduct research on the variation law of price of the agr...Taking the price of grain in Guizhou Province as an example, by establishing GARCH model, I calculate VAR of logarithm return of grain price index, in order to conduct research on the variation law of price of the agricultural products. The results show that VAR of grain in Guizhou has variation. After the year 2010, VAR value is gradually increasing, and the price variation risk of grain market tends to increase progressively. Based on the characteristics of grain price variation, a series of corresponding proposals are put forward to stabilize the grain price as follows: strengthen the agricultural infrastructure construction, and promote the agricultural overall production capacity; reinforce the market supervision on the circulation field of agricultural products, and maintain market order; improve regulation system of agricultural products, and stabilize the price of agricultural products; strengthen mobility regulation, and prevent a flood of speculative cash.展开更多
Agricultural product price index insurance is a kind of index insurance. It avoids defects of traditional agricultural insurance,such as moral hazards,adverse selection,and high management cost. On the basis of studyi...Agricultural product price index insurance is a kind of index insurance. It avoids defects of traditional agricultural insurance,such as moral hazards,adverse selection,and high management cost. On the basis of studying agricultural product price index insurance of all areas of China,this paper analyzed characteristics of agricultural product price index insurance from object selection,product object,premium design,and policy support,and discussed feasibility of extending agricultural product price index insurance in an all-round way.展开更多
In the market of agricultural products, the price of agricultural products is affected by production cost, market supply and other factors. In order to obtain the market information of agricultural products, the price...In the market of agricultural products, the price of agricultural products is affected by production cost, market supply and other factors. In order to obtain the market information of agricultural products, the price fluctuation can be analyzed and predicted. A distributed big data software platform based on Hadoop, Hive and Spark is proposed to analyze and forecast agricultural price data. Firstly, Hadoop, Hive and Spark big data frameworks were built to store the data information of agricultural products crawled into MYSQL. Secondly, the information of agricultural products crawled from MYSQL was exported to a text file, uploaded to HDFS, and mapped to spark SQL database. The data was cleaned and improved by Holt-Winters (three times exponential smoothing method) model to predict the price of agricultural products in the future. The data cleaned by spark SQL was imported and predicted by improved Holt-Winters into MYSQL database. The technologies of pringMVC, Ajax and Echarts were used to visualize the data.展开更多
This paper explores the determinants of the abnormal and volatile fluctuations of China's agricultural product prices in recent years by examining the trading behavior of traders, especially that of irrational noise ...This paper explores the determinants of the abnormal and volatile fluctuations of China's agricultural product prices in recent years by examining the trading behavior of traders, especially that of irrational noise traders. We present an overlapping generations model of the garlic market in which noise traders with erroneous beliefs influence prices. Noise traders' beliefs create a risk in the price of agricultural products that deters rational arbitrageurs from aggressively betting against them through changing supplies in a way that enables prices to diverge significantly from fundamental values even in the absence of fundamental risk. We also show that asymmetry of supply information, low price elasticity of demand, speculative capital inflows, restricted distribution channels, distorted wholesale markets from the perspective of market mechanisms and low risk aversion, biased self-attribution, and projection bias from the perspective of investor psychology, all influence expectations of investors and increase the volatility of agricultural product prices.展开更多
文摘China's price fluctuations increasingly exhibit significant structural characteristics,and since 2003,there have been several rounds of significant structural price rise.The degree of structural rise in the prices of industrial and agricultural products in China is not only higher than in the general developed countries and developing countries,but also more prominent than in other transition economies.And the structural rise in the prices of Chinese industrial and agricultural products exhibits significant economic zone differences:the structural fluctuations are the greatest in the central and western regions,significantly higher than in the eastern regions as well as the national average.From the perspective of causes of structural rise in the prices of Chinese industrial and agricultural products,the government must aim to coordinate the industrial and agricultural investments and bridge the gap in the industrial and agricultural technologies and supply capacity.
文摘Based on the research introduction of domestic and foreign scholars,dynamic equilibrium between the rural labor force flow and the price of agricultural product is analyzed by VEC model,according to the data of the rural labor force flow and the price of agricultural products in the years 1990-2007.Chows breakpoint test is used to measure the stage characteristics of the impact of rural labor force flow on the price of agricultural product.Result shows that there is a long-term and stationary relationship between the flow quantity of rural labor force and the price of agricultural product.Rural labor force flow,as an exogenous force,affects the agricultural production,and further influences the price fluctuation of agricultural products.Impact of rural labor force flow on the price of agricultural product is from weak to strong,then grows gradually weaker,and reaches its peak value at the year 1998.With the development of rural society and economy and the market process,rural labor force flow endogenously affects the price of agricultural product,which has periodic characteristics.In order to achieve a dual stabilization of the rural labor force flow and the price of agricultural products,the following countermeasures are put forward:vigorously developing vocational education,increasing the support for agricultural production,and making active employment measures.
基金Supported by"Industrial Economic Research of National Technology System for Wool Sheep and Cashmere Goat Industries"of the Ministry of Agriculture and the Ministry of Finance(CARS-40-20)Chinese Universities Scientific Fund(2015RW007)
文摘Using " chain-based and constant-based" two-step method,this paper measured Paasche net barter terms of trade index for SinoAustralian agricultural products from 2001 to 2013,and further calculated contribution of each category of agricultural products to changes in overall net barter terms of trade. The results showed that since 2001,the overall net barter terms of trade for Sino-Australian agricultural products fluctuated between deterioration and improvement. In 2013,the net barter terms of trade index was 1. 02,and its improvement is not significant. From 2001 to 2013,the net barter terms of trade for Sino-Australian agricultural products improved about 16. 44%,which dominated by the category 0 agricultural products whose influence degree is 6 times and 28 times the degree of category 4 and category 1. In years when the net barter terms of trade for Sino-Australian agricultural products deteriorated,category 2 agricultural products were the root cause for the deterioration.
基金supported by the Key Project of National Key Technology R&D Program of China(2009BADA9B01)
文摘This paper studies how the price movements of pork,chicken and egg respond to those of related cost factors in short terms in Chinese market.We employ a linear quantile approach not only to explore potential data heteroscedasticity but also to generate confidence bands for the purpose of price stability study.We then evaluate our models by comparing the prediction intervals generated from the quantile regression models with in-sample and out-of-sample forecasts.Using monthly data from January 2000 to October 2010,we observed these findings:(i) the price changes of cost factors asymmetrically and unequally influence those of the livestock across different quantiles;(ii) the performance of our models is robust and consistent for both in-sample and out-of-sample forecasts;(iii) the confidence intervals generated from 0.05th and 0.95th quantile regression models are good methods to forecast livestock price fluctuation.
文摘Factors leading to rise of prices of agricultural products mainly include tension of supply-demand relationship,promotion of production cost and circulation cost,and speculation of Refugee Capital(Hot Money).Factors leading to low price and difficult sales of agricultural products mainly include asymmetry of supply-demand information,lack of risk management tools for prices of agricultural products and decentralized and small-scaled operation of farmers.On the basis of these factors,this paper presents following countermeasures and suggestions for stabilizing prices of agricultural products:firstly,building long-effect mechanism for production and sales of agricultural products;secondly,expand the production and increase supply of agricultural products;thirdly,control the rising range of production cost for agricultural products;fourthly,enhance organization level of farmers;fifthly,promote innovation and development of risk management tools for prices of agricultural products.
基金Supported by Guizhou Provincial Science and Technology Department Soft Science United Funds Research Program(2010LKC2005)
文摘Taking the price of grain in Guizhou Province as an example, by establishing GARCH model, I calculate VAR of logarithm return of grain price index, in order to conduct research on the variation law of price of the agricultural products. The results show that VAR of grain in Guizhou has variation. After the year 2010, VAR value is gradually increasing, and the price variation risk of grain market tends to increase progressively. Based on the characteristics of grain price variation, a series of corresponding proposals are put forward to stabilize the grain price as follows: strengthen the agricultural infrastructure construction, and promote the agricultural overall production capacity; reinforce the market supervision on the circulation field of agricultural products, and maintain market order; improve regulation system of agricultural products, and stabilize the price of agricultural products; strengthen mobility regulation, and prevent a flood of speculative cash.
基金Supported by the National Social Science Foundation of China(16BJY136) in 2016the Consultant Project of Chinese Academy of Engineering(07-XY-003) in 2015
文摘Agricultural product price index insurance is a kind of index insurance. It avoids defects of traditional agricultural insurance,such as moral hazards,adverse selection,and high management cost. On the basis of studying agricultural product price index insurance of all areas of China,this paper analyzed characteristics of agricultural product price index insurance from object selection,product object,premium design,and policy support,and discussed feasibility of extending agricultural product price index insurance in an all-round way.
文摘In the market of agricultural products, the price of agricultural products is affected by production cost, market supply and other factors. In order to obtain the market information of agricultural products, the price fluctuation can be analyzed and predicted. A distributed big data software platform based on Hadoop, Hive and Spark is proposed to analyze and forecast agricultural price data. Firstly, Hadoop, Hive and Spark big data frameworks were built to store the data information of agricultural products crawled into MYSQL. Secondly, the information of agricultural products crawled from MYSQL was exported to a text file, uploaded to HDFS, and mapped to spark SQL database. The data was cleaned and improved by Holt-Winters (three times exponential smoothing method) model to predict the price of agricultural products in the future. The data cleaned by spark SQL was imported and predicted by improved Holt-Winters into MYSQL database. The technologies of pringMVC, Ajax and Echarts were used to visualize the data.
基金The research is supported by Beijing Higher Education Young Elite Teacher Project (No. YETP0221) and National Natural Science Foundation of China (No. 71373010).
文摘This paper explores the determinants of the abnormal and volatile fluctuations of China's agricultural product prices in recent years by examining the trading behavior of traders, especially that of irrational noise traders. We present an overlapping generations model of the garlic market in which noise traders with erroneous beliefs influence prices. Noise traders' beliefs create a risk in the price of agricultural products that deters rational arbitrageurs from aggressively betting against them through changing supplies in a way that enables prices to diverge significantly from fundamental values even in the absence of fundamental risk. We also show that asymmetry of supply information, low price elasticity of demand, speculative capital inflows, restricted distribution channels, distorted wholesale markets from the perspective of market mechanisms and low risk aversion, biased self-attribution, and projection bias from the perspective of investor psychology, all influence expectations of investors and increase the volatility of agricultural product prices.