Black Pepper Price and its Determinants: A Panel Data Analysis using different Estimators

Authors

  • GEEMON KORAH
  • DR. S MOHAN KUMAR

Keywords:

Black pepper price; area harvested; production; yield of pepper; panel data analysis

Abstract

The study intends to identify the linkages between black pepper price and its determinants. Area harvested, production and yield of pepper are taken as the determinants of black pepper price in this study. The research is designed as a panel data analysis, using different estimators like random effect, fixed effect, mixed effect, generalised method of moments (GMM 1991 and GMM 1998) and panel quantile regression. Research design adopted is descriptive in nature. Analysis was done based on panel data of five pepper producing countries for a period of 51 years from 1969 to 2019. The study revealed that area and production are significant predictors of pepper price in all the countries, while yield cannot be considered as a significant determinant of pepper price across countries.

Downloads

Download data is not yet available.

References

Abraham, A. (2018). The Trend in Export, Import and Production performance of Black pepper in India. International Journal of Pure and Applied Mathematics,118(18), 4795-4801.

Chakravorthy, R., & Parvin Banu, I. (2017). A Study on the Export Performance of Pepper in India. International Journal of Interdisciplinary Research in Arts and Humanities,2(1), 145-148.

FAO (Food and Agriculture Organization of the United Nations)(2019). FAOSTAT database. Accessed December 15, 2019 from. http://www.fao.org/faostat/en/#data.

Hema, M., Kumar, R., & Singh, N. P. (2007). Volatile Price and Declining Profitability of Black Pepper in India: Disquieting Future. Agricultural Economics Research Review, 20, 61–76.

Jacob, A., & Job, E. (2015). Pepper Production and Export from India: Growth and Instability Analysis. International Journal of Current Research, 7(9), 20388-20391.

Jain, M., & Arora, R. (2014). An analytical study of price volatility of selected agricultural commodity (black pepper) traded on NCDEX. Intercontinental Journal of Finance Research Review, 2(10), 46–54.

Jose, R., & Sreeja, S. (2018). An Economic Analysis of Production and Marketing of Pepper in Kerala. International Journal of Research in Humanities, Arts and Literature, 6(6), 469-474.

Kandiannan, K., Parthasarathy, U., Krishnamurthy, K. S., Thankamani, C. K., Srinivasan, V., & Aipe, K. C. (2011). Modeling the association of weather and black pepper yield. Indian Journal of Horticulture,68(1), 96-102.

Kiong, W. S., Rahim, K. A., & Shamsudin, M. N. (2010). Long-run Determinants of Export Supply of Sarawak Black and White Pepper: An ARDL Approach. Global Economy and Finance Journal,3(1), 78-87.

Rathore., T., Dr, & Swathi, V. A. (2020). Black Pepper Export Scenario in India (2001 -2017). Journal of Xi'an University of Architecture & Technology, XII(III), 4155-4164.

doi:http://www.xajzkjdx.cn/gallery/371-mar2020.pdf

Raziya, M. (2018). Impact of WTO on Spices; With Special Reference to Pepper and Cardamom. International Journal of Research in Social Sciences, 8(4), 591-600.

Sabu, S.S., Kuruvila, A. & Manojkumar, K (2019). Price behaviour of black pepper in Indian and International markets: a comparative analysis. Journal of Spices and Aromatic Crops, 28 (1), 27–33.

Shah, K., & Anish, G. (2017, July 24). Black pepper market analysis & outlook (Rep.). Retrieved July 1, 2019, from Nirnmal Bang website: https://www.nirmalbang.com/Upload/Black Pepper Market Analysis and Outlook 2017.pdf

Sivarajah, P., & Wickramasinghe, R. (2016). Impact of Land Size on Productivity, Income and Profits from Pepper Cultivation in Sri Lanka. Agrofor,1(3). doi:10.7251/agreng1603127s

Sunil, A., & Nair, K. S. (2018). Marketing Opportunities and Export Competitiveness of Indian Spices: An Econometric Analysis. European Journal of Business and Management,10(36), 41-56.

Supriana, T., & Yanti, C. W. (2013). Prospect of Indonesia Black and White Pepper Export. Economic Journal of Emerging Markets,5(1), 1-14. doi:10.20885/ejem.vol5.iss1.art1

Yogesh, M. S., & Mokshapathy, S. (2013). Production and Export Performance of Black Pepper. International Journal of Humanities and Social Science Invention, 2, 36-44.

Downloads

Published

2021-06-30

How to Cite

KORAH, G. ., & KUMAR, D. S. M. . (2021). Black Pepper Price and its Determinants: A Panel Data Analysis using different Estimators. The Journal of Contemporary Issues in Business and Government, 27(3), 382–387. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/1611

Issue

Vol. 27 No. 3 (2021): The journal of contemporary issues in business and government

Section

Articles

License

You are free to:

  1. Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
  2. Adapt — remix, transform, and build upon the material for any purpose, even commercially.
  3. The licensor cannot revoke these freedoms as long as you follow the license terms.

Under the following terms:

  1. Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
  2. No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.

Notices:

You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .

No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.