농업경제연구

Korean Agricultural Economics Association

제목 Cross-Hedging Potential of CBOT Rough Rice Futures for California Medium Grain Rice:Is It Good Enough for Northeast Asian Countries?
저자 Byung-Sam Yoon
발행정보 46권 3호 (2005년 9월) 페이지 119~140
초록 This study primarily aims to determine the cross-hedging potential of CBOT rough rice futures for California medium grain rice. Rigorous statistical tests indicate that there exists neither long-run equilibrium relationship nor correlation between California medium grain rice and CBOT rough rice futures. Therefore, CBOT rough rice futures can not be effectively used as a cross-hedging vehicle for California medium grain rice. The results of this study generally support the idea that the new futures market for medium grain rice is needed for Northeast Asian countries.
논문파일 농업경제연구-2005(46권제3호)-06.pdf