Abstract

ALONSO CIFUENTES, Julio César  and  ESTRADA NATES, Daniela. THE INTERNATIONAL COFFEE PRICE AND ITS EFFECT ON THE RETAIL PRICE FOR THE FIVE MAIN CITIES IN COLOMBIA. Finanz. polit. econ. [online]. 2016, vol.8, n.2, pp.379-399. ISSN 2248-6046.  https://doi.org/10.14718/revfinanzpolitecon.2016.8.2.8.

This study examines the relationship between the international coffee price and retail coffee prices in the five main cities in Colombia through cointegration tests, Granger causality tests, and impulse-response functions. The evidence points to the existence of a long-term relationship between the retail prices in the five main cities and the world coffee price. This relationship has a unidirectional causality of international coffee prices to retail coffee prices. The magnitude of the transmission of the international global price remains for 36 months or more for most retail coffee prices.

Keywords : coffee; Colombia; cointegration; Granger causality test; impulse-response functions.

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