中国大米市场价格发现与有效性研究.pdf

Abstract AsoneofChina’S is relatedtoChina’sfood ofrice security．The food，ricehi曲ly price plays staple all rolein China’Smarketoriented andaffectsthelivehoods importantnowadays economy ofproducers， liberalizationof marketandworld consumersand involved．With China’S agency increasingly grain ofriceindifferent withinChinaand theworldhavebeen more ffade，prices regions among becoming witheachother．Therehasbeen interestsinthe onrice and discovery integrated growing stody price ofricemarket． efficiency To twoissuesthis offers ofrice these paperfirstly anoverview production， investigate and ricemarket then the of andtradeofChina examines consumption major players．Thispaper change modelandinformationshare rice model，this usingpermanent-transitory paper prices．Thirdly，by studies inChinaandworld medium pricediscovery longrice(Indica)and into and decomposesprice permanenttransitorycomponents．Fourthly,byapplyingpersistenceprofile， this estimatesthe to inChinaandworld paper speedofconvergenceequilibrium longgrain(Indica)and rice medium more the ofChinaandw